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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Operating Activities              
Net income/(loss) $ 113,943 $ 103,405 $ 274,716 $ 94,994 $ 331,090 $ 455,702  
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:              
Provision/(provision credit) for loan losses 15,000   2,000   37,000 1,000  
Provision/(benefit) for deferred income taxes         69,102 106,314  
Depreciation and amortization of premises and equipment         33,142 35,700  
Amortization of intangible assets 6,206   6,460   18,628 19,394  
Net other amortization and accretion         1,632 (9,991)  
Net (increase)/decrease in derivatives         (183,852) 86,135  
Fair value adjustment on interest-only strips         2,820 (840)  
(Gains)/losses and write-downs on OREO, net         (64) 814  
Litigation and regulatory matters         6,185 (1,447)  
Stock-based compensation expense         16,478 17,465  
Gain on sale and pay down of held-to-maturity loans         (1,105) 3,777  
Equity securities (gains)/losses, net (97)   (212,859)   (444) (212,924)  
Debt securities (gains)/losses, net         267 (52)  
(Gain)/loss on extinguishment of debt 6   1   7 1  
Net (gains)/losses on sale/disposal of fixed assets         20,453 (2,469)  
(Gain)/loss on BOLI         (3,224) (2,785)  
Loans held-for-sale:              
Purchases and originations         (1,488,577) (1,729,549)  
Gross proceeds from settlements and sales [1]         581,137 751,589  
(Gain)/loss due to fair value adjustments and other         (6,468) 13,755  
Pension plan contribution         (509) 0  
Net (increase)/decrease in:              
Trading securities         1,077,025 392,411  
Fixed income receivables         (170,871) (109,109)  
Interest receivable         3,111 (14,052)  
Other assets         (40,256) (6,699)  
Net increase/(decrease) in:              
Trading liabilities         384,397 101,179  
Fixed income payables         57,270 (12,057)  
Interest payable         15,935 16,610  
Other liabilities         (43,737) (30,717)  
Total adjustments         385,482 (586,547)  
Net cash provided/(used) by operating activities         716,572 (130,845)  
Available-for-sale securities:              
Sales         182,824 15,137  
Maturities         566,803 510,232  
Purchases         (357,182) (362,215)  
Proceeds from sale of equity investment         1,440 0  
Premises and equipment:              
Sales         14,370 22,794  
Purchases         (28,769) (32,928)  
Proceeds from the sale of Visa Class B shares         0 240,206  
Proceeds from sales of OREO         11,482 25,328  
Proceeds from sale and pay down of loans classified as held-to-maturity         20,100 50,498  
Proceeds from BOLI         10,085 11,559  
Net (increase)/decrease in:              
Loans         (3,779,972)    
Loans           283,922  
Interests retained from securitizations classified as trading securities         374 731  
Interest-bearing cash         913,199 653,919  
Cash paid related to divestitures         0 (27,599)  
Cash paid/(received) for acquisitions, net         0 (46,017)  
Net cash provided/(used) by investing activities         (2,445,246) 1,345,567  
Common stock:              
Stock options exercised         8,793 4,443  
Cash dividends paid         (127,455) (99,753)  
Repurchase of shares [2]         (134,041) (23,997)  
Cash dividends paid - preferred stock - noncontrolling interest         (8,555) (8,555)  
Cash dividends paid - Series A preferred stock         (4,650) (4,650)  
Term borrowings:              
Payments/maturities         (2,581) (17,565)  
Increases in restricted and secured term borrowings         11,572 5,646  
Net increase/(decrease) in:              
Deposits         (738,333) 417,612  
Short-term borrowings         2,814,279    
Short-term borrowings           (1,496,739)  
Net cash provided/(used) by financing activities         1,819,029 (1,223,558)  
Net increase/(decrease) in cash and cash equivalents         90,355 (8,836)  
Cash and cash equivalents at beginning of period   $ 1,405,325   $ 1,452,046 1,405,325 1,452,046 $ 1,452,046
Cash and cash equivalents at end of period $ 1,495,680   $ 1,443,210   1,495,680 1,443,210 $ 1,405,325
Supplemental Disclosures              
Total interest paid         303,180 208,160  
Total taxes paid         32,811 12,779  
Total taxes refunded         27,742 1,576  
Transfer from loans to OREO         6,309 11,388  
Transfer from loans HFS to trading securities         1,024,274 907,788  
Transfer from loans to loans HFS         $ 31,465 $ 0  
[1]
2018 includes $107.4 million related to the sale of approximately $120 million UPB of subprime auto loans. See Note 2- Acquisitions and Divestitures for additional information.
[2]
2019 and 2018 include $129.9 million and $19.0 million, respectively, repurchased under share repurchase programs.