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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income $ 228,082 $ 217,821
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 17,403 15,196
Deferred tax expense (benefit) (675) 22,886
Accretion of loan discounts (7,325) (6,904)
Securities premium amortization (discount accretion), net 56,726 48,936
Net (gain) loss on securities transactions (169) 79
Depreciation and amortization 25,705 24,581
Net (gain) loss on sale/write-down of assets/foreclosed assets (5,135) (5,453)
Stock-based compensation 8,018 6,760
Net tax benefit from stock-based compensation 1,131 3,160
Earnings on life insurance policies (1,830) (1,663)
Net change in:    
Trading account securities (1,068) (2,263)
Lease right-of-use assets 9,167 0
Accrued interest receivable and other assets (18,107) (42,959)
Accrued interest payable and other liabilities (20,008) (26,176)
Net cash from operating activities 291,915 254,001
Investing Activities:    
Securities held-to-maturity - Purchases 0 (1,500)
Securities held to maturity: Maturities, calls and principal repayments 60,077 183,140
Securities available for sale:    
Purchases (4,555,448) (11,453,662)
Sales 3,291,529 10,890,388
Maturities, calls and principal repayments 708,273 108,316
Proceeds from sale of loans 24,036 18,918
Net change in loans (390,452) (601,101)
Benefits received on life insurance policies 0 384
Proceeds from sales of premises and equipment 4,677 12,844
Purchases of premises and equipment (98,622) (45,766)
Proceeds from sales of repossessed properties 5 986
Net cash from investing activities (955,925) (887,053)
Financing Activities:    
Net change in deposits (1,164,181) (875,890)
Net change in short-term borrowings (48,041) (170,354)
Proceeds from stock option exercises 7,841 25,448
Purchase of treasury stock (50,519) (70)
Cash dividends paid on preferred stock (4,031) (4,031)
Cash dividends paid on common stock (87,428) (79,628)
Net cash from financing activities (1,346,359) (1,104,525)
Net change in cash and cash equivalents (2,010,369) (1,737,577)
Cash and equivalents at beginning of period 3,955,779 5,053,047
Cash and equivalents at end of period $ 1,945,410 $ 3,315,470