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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 701,624 $ 362,174
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 120,000 10,000
Depreciation and amortization of premises and equipment 75,501 56,739
Amortization of capitalized servicing rights 19,832 25,316
Amortization of core deposit and other intangible assets 17,208 1,256
Provision for deferred income taxes 11,380 4,151
Asset write-downs 780 252
Net gain on sales of assets (11,515) (4,768)
Net change in accrued interest receivable, payable 54,789 15,748
Net change in other accrued income and expense (42,828) (99,163)
Net change in loans originated for sale (274,222) 434,520
Net change in trading account and other non-hedging derivative assets and liabilities (244,736) 489,545
Net cash provided by operating activities 427,813 1,295,770
Cash flows from investing activities    
Proceeds from sales of investment securities equity and other 521,275 4,593
Proceeds from maturities of investment securities Available for sale 141,173 220,320
Proceeds from maturities of investment securities Held to maturity 281,245 120,032
Purchases of investment securities Available for sale (337,196) (2,156,662)
Purchases of investment securities Held to maturity (2,947,627) (566,119)
Purchases of investment securities equity and other (792,465) (10,966)
Net (increase) decrease in loans and leases (1,166,228) 637,624
Net decrease in interest-bearing deposits at banks 2,652,294 5,846,922
Capital expenditures, net (55,411) (27,910)
Net decrease in loan servicing advances 206,668 342,947
Other, net (251,440) (215,201)
Net cash provided (used) by investing activities (1,747,712) 4,195,580
Cash flows from financing activities    
Net decrease in deposits (4,440,810) (5,224,696)
Net increase in short-term borrowings 3,440,351 3,261
Proceeds from long-term borrowings 3,485,675  
Payments on long-term borrowings (96) (49)
Purchases of treasury stock (594,000)  
Dividends paid — common (220,517) (156,657)
Dividends paid — preferred (33,554) (30,718)
Other, net (19,654) (8,608)
Net cash provided (used) by financing activities 1,617,395 (5,417,467)
Net increase in cash, cash equivalents and restricted cash 297,496 73,883
Cash, cash equivalents and restricted cash at beginning of period 1,520,244 1,337,577
Cash, cash equivalents and restricted cash at end of period 1,817,740 1,411,460
Supplemental disclosure of cash flow information    
Interest received during the period 2,289,226 978,682
Interest paid during the period 410,419 40,683
Income taxes paid during the period 22,474 33,638
Supplemental schedule of noncash investing and financing activities    
Real estate acquired in settlement of loans 7,088 4,598
Additions to right-of-use assets under operating leases $ 30,536 $ 16,458