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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net income $ 263,625 $ 220,542
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 27,358 42,734
Deferred tax expense (benefit) (9,505) (11,629)
Accretion of loan discount (11,567) (11,893)
Securities premium amortization (discount accretion), net 66,455 59,071
Net (gain) loss on securities transactions 4,917 (14,866)
Depreciation and amortization 35,819 35,712
Net (gain) loss on sale/write-down of assets/foreclosed assets (2,045) (373)
Stock-based compensation 9,013 7,998
Net tax benefit from stock-based compensation 5,844 1,610
Earnings on life insurance policies (2,367) (2,678)
Net change in:    
Trading account securities (3,018) 418
Accrued interest receivable and other assets 10,495 11,134
Accrued interest payable and other liabilities (39,580) (2,806)
Net cash from operating activities 355,444 334,974
Investing Activities:    
Securities held-to-maturity - Purchases 0 0
Securities held-to-maturity - Sales 0 135,610
Securities held to maturity: Maturities, calls and principal repayments 780,562 227,760
Securities available for sale:    
Purchases (9,138,457) (10,079,302)
Sales 8,993,963 9,040,245
Maturities, calls and principal repayments 283,278 270,737
Proceeds from sale of loans 0 30,470
Net change in loans (745,702) (142,698)
Benefits received on life insurance policies 462 906
Proceeds from sales of premises and equipment 1,553 1,517
Purchases of premises and equipment (23,796) (32,647)
Proceeds from sales of repossessed properties 517 297
Net cash from investing activities 152,380 (547,105)
Financing Activities:    
Net change in deposits 591,694 763,953
Net change in short-term borrowings 20,927 (89,220)
Proceeds from issuance of subordinated notes 98,434 0
Principal payments on subordinated notes (100,000) 0
Proceeds from stock option exercises 45,422 47,873
Purchase of treasury stock (100,042) 0
Cash dividends – preferred stock (6,047) (6,047)
Cash dividends – common stock (107,754) (100,563)
Net cash from financing activities 442,634 615,996
Net change in cash and cash equivalents 950,458 403,865
Cash and equivalents at beginning of period 4,141,445 3,591,523
Cash and equivalents at end of period $ 5,091,903 $ 3,995,388