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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net income $ 443,079 $ 331,151 $ 443,599
Adjustments to reconcile net income to net cash from operating activities:      
Credit loss expense 63 241,230 33,759
Deferred tax expense (benefit) 7,784 (15,832) 7,614
Accretion of loan discounts (12,890) (15,692) (15,197)
Securities premium amortization (discount accretion), net 119,242 123,785 115,558
Net (gain) loss on securities transactions (69) (108,989) (293)
Depreciation and amortization 69,289 64,370 54,091
Net (gain) loss on sale/exchange/write-down of assets/foreclosed assets (11,578) 524 (5,712)
Stock-based compensation 12,753 13,918 15,946
Net tax benefit from stock-based compensation 7,877 852 2,447
Earnings on life insurance policies (2,462) (3,731) (3,683)
Net change in:      
Trading account securities (560) (158) (212)
Lease right-of-use assets 23,504 23,933 20,124
Accrued interest receivable and other assets (46,560) (158,264) (15,570)
Accrued interest payable and other liabilities 38,821 27,146 (18,381)
Net cash provided by (used in) operating activities 648,293 524,243 634,090
Investing Activities:      
Securities held to maturity: Purchases 0 (1,500) (649,326)
Securities held to maturity: Maturities, calls and principal repayments 177,593 63,577 81,762
Securities available for sale:      
Purchases (24,217,841) (20,841,622) (23,306,694)
Sales 1,999,891 1,162,352 18,660,147
Maturities, calls and principal repayments 18,425,108 20,893,464 4,694,927
Proceeds from sale of loans 0 37,535 24,036
Net change in loans 1,145,924 (2,856,395) (693,587)
Benefits received on life insurance policies 2,307 903 0
Proceeds from sales of premises and equipment 7,044 5,988 8,038
Purchases of premises and equipment (65,850) (95,422) (206,716)
Proceeds from sales of repossessed properties 809 73 663
Net cash provided by (used in) investing activities (2,525,015) (1,631,047) (1,386,750)
Financing Activities:      
Net change in deposits 7,679,935 7,376,197 490,360
Net change in short-term borrowings 649,727 421,655 327,794
Proceeds from Federal Home Loan Bank advances 0 1,250,000 0
Principal payments on Federal Home Loan Bank advances 0 (1,250,000) 0
Principal payments on long-term borrowings (13,403)    
Redemption of Series A preferred stock 0 (150,000) 0
Proceeds from issuance of Series B preferred stock 0 145,452 0
Proceeds from stock option exercises 54,417 12,557 20,770
Purchase of treasury stock (3,864) (15,785) (68,793)
Cash dividends paid on preferred stock (7,157) (2,016) (8,063)
Cash dividends paid on common stock (188,786) (180,584) (177,006)
Net cash provided by (used in) financing activities 8,170,869 7,607,476 585,062
Net change in cash and cash equivalents 6,294,147 6,500,672 (167,598)
Cash and cash equivalents at beginning of year 10,288,853 3,788,181 3,955,779
Cash and cash equivalents at end of year $ 16,583,000 $ 10,288,853 $ 3,788,181