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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:      
Net income $ 443,599 $ 454,918 $ 364,149
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses 33,759 21,613 35,460
Deferred tax expense (benefit) 7,614 52,923 (14,493)
Accretion of loan discounts (15,197) (14,341) (16,062)
Securities premium amortization (discount accretion), net 115,558 100,528 89,933
Net (gain) loss on securities transactions (293) 156 4,941
Depreciation and amortization 54,091 50,172 47,812
Net (gain) loss on sale/write-down of assets/foreclosed assets (5,712) (5,272) (4,697)
Stock-based compensation 15,946 13,943 13,013
Net tax benefit from stock-based compensation 2,447 3,865 9,062
Earnings on life insurance policies (3,683) (3,380) (3,190)
Net change in:      
Trading account securities (212) (2,658) (3,842)
Lease right-of-use asset 20,124 0 0
Accrued interest receivable and other assets (15,570) (85,898) (55,179)
Accrued interest payable and other liabilities (18,381) (24,181) 71,172
Net cash provided by (used in) operating activities 634,090 562,388 538,079
Investing Activities:      
Securities held to maturity: Purchases (649,326) (1,500) 0
Securities held to maturity: Maturities, calls and principal repayments 81,762 300,632 783,176
Securities available for sale:      
Purchases (23,306,694) (18,191,057) (13,529,192)
Sales 18,660,147 16,806,062 11,963,359
Maturities, calls and principal repayments 4,694,927 221,906 1,328,143
Proceeds from sale of loans 24,036 21,318 0
Net change in loans (693,587) (1,008,789) (1,187,631)
Benefits received on life insurance policies 0 384 597
Proceeds from sales of premises and equipment 8,038 13,628 4,525
Purchases of premises and equipment (206,716) (79,270) (34,089)
Proceeds from sales of repossessed properties 663 3,366 517
Net cash provided by (used in) investing activities (1,386,750) (1,913,320) (670,595)
Financing Activities:      
Net change in deposits 490,360 276,815 1,060,814
Net change in short-term borrowings 327,794 219,724 170,832
Proceeds from issuance of subordinated notes 0 0 98,434
Principal payments on subordinated notes 0 0 (100,000)
Proceeds from stock option exercises 20,770 31,647 67,746
Purchase of treasury stock (68,793) (101,010) (101,473)
Cash dividends paid on preferred stock (8,063) (8,063) (8,063)
Cash dividends paid on common stock (177,006) (165,449) (144,172)
Net cash provided by (used in) financing activities 585,062 253,664 1,044,118
Net change in cash and cash equivalents (167,598) (1,097,268) 911,602
Cash and cash equivalents at beginning of year 3,955,779 5,053,047 4,141,445
Cash and cash equivalents at end of year $ 3,788,181 $ 3,955,779 $ 5,053,047