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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income $ 203,171 $ 264,319
Adjustments reconciling net income to net cash provided by (used in) operating activities:    
Depreciation 14,260 13,808
Net losses on sale or disposal of premises and equipment 97 92
Provision for credit losses 119,704 38,807
Net write-downs and (gains) losses on sale of other real estate owned (1,597) (1,773)
Share-based compensation expense 7,415 4,859
Amortization of intangible assets 13,819 15,035
Amortization of operating lease right of use assets 8,440 8,783
Provision for deferred taxes (13,382) (21,699)
Net (accretion) amortization of debt securities available-for-sale (4,316) 407
Net (accretion) amortization of debt securities held-to-maturity (136) 71
Net amortization of other investments 1,108 556
Net (gain) loss on securities 16 (200)
Accretion of discount on purchased loans, net (1,361) (30)
Net amortization on other borrowings 774 324
Amortization of subordinated deferrable interest debentures 1,495 1,495
Loan servicing asset recovery 0 (21,824)
Originations of mortgage loans held for sale (2,818,898) (3,265,190)
Payments received on mortgage loans held for sale 11,806 21,657
Proceeds from sales of mortgage loans held for sale 2,802,956 3,919,672
Net losses on sale of mortgage loans held for sale 4,447 83,975
Originations of SBA loans (24,252) (44,664)
Proceeds from sales of SBA loans 27,129 53,961
Net gains on sale of SBA loans (1,382) (5,191)
Increase in cash surrender value of bank owned life insurance (6,768) (5,433)
Gain on bank owned life insurance proceeds (486) (55)
Loss on sale of mortgage servicing rights 0 316
Gain on debt redemption (1,148) 0
Change attributable to other operating activities 13,157 711
Net cash provided by operating activities 356,068 1,062,789
Investing Activities, net of effects of business combinations    
Purchases of debt securities available-for-sale (500) (894,260)
Purchases of debt securities held-to-maturity (8,543) (52,111)
Proceeds from maturities and paydowns of debt securities available-for-sale 61,394 147,291
Proceeds from sales of debt securities available-for-sale 216 0
Proceeds from maturities and paydowns of debt securities held-to-maturity 1,684 1,676
Net (increase) decrease in other investments 4,911 (13,364)
Net increase in loans (400,486) (2,764,936)
Purchases of premises and equipment (11,680) (11,307)
Proceeds from sale of premises and equipment 42 46
Proceeds from sales of other real estate owned 8,756 5,086
Proceeds from sale of mortgage servicing rights 0 119,845
Purchases of bank owned life insurance 0 (50,000)
Proceeds from bank owned life insurance 1,890 101
Net cash and cash equivalents paid in acquisitions 0 (14,003)
Net cash used in investing activities (342,316) (3,525,936)
Financing Activities, net of effects of business combinations    
Net increase (decrease) in deposits 1,127,607 (198,634)
Net decrease in securities sold under agreements to repurchase 0 (5,845)
Proceeds from other borrowings 13,837,000 350,000
Repayment of other borrowings (14,502,809) (364,539)
Proceeds from exercise of stock options 476 2,324
Dividends paid - common stock (31,308) (31,227)
Purchase of treasury shares (17,077) (22,421)
Net cash provided by (used in) financing activities 413,889 (270,342)
Net increase (decrease) in cash, cash equivalents and restricted cash 427,641 (2,733,489)
Cash, cash equivalents and restricted cash at beginning of period 1,118,132 4,064,657
Cash, cash equivalents and restricted cash at end of period 1,545,773 1,331,168
Cash paid (received) during the period for:    
Interest 290,972 42,040
Income taxes 88,353 82,551
Loans transferred to other real estate owned 9,713 346
Loans transferred from loans held for sale to loans held for investment 8,806 192,425
Loans provided for the sales of other real estate owned 0 2,288
Right-of-use assets obtained in exchange for new operating lease liabilities 2,678 1,537
Assets acquired in business acquisitions 0 10,641
Liabilities assumed in business acquisitions 0 (3,362)
Change in unrealized loss on securities available-for-sale, net of tax $ (14,311) $ (66,324)