XML 17 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net Income $ 92,903 $ 111,696
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Credit Losses 4,500 (8,000)
Depreciation and Amortization 11,525 10,607
Amortization of Deferred Loan and Lease Costs (Fees), Net 444 (561)
Amortization and Accretion of Premiums/Discounts on Investment Securities, Net 6,742 12,453
Amortization of Operating Lease Right-of-Use Assets 5,808 5,798
Share-Based Compensation 7,672 8,172
Benefit Plan Contributions (949) (825)
Deferred Income Taxes (734) 839
Net Gains on Sales of Loans and Leases (1,275) (2,463)
Net Losses on Sales of Investment Securities 3,102 2,840
Proceeds from Sales of Loans Held for Sale 19,107 102,806
Originations of Loans Held for Sale (21,853) (79,660)
Net Tax (Deficiency) Benefits from Share-Based Compensation (490) 163
Net Change in Other Assets and Other Liabilities (145,871) (5,516)
Net Cash (Used in) Provided by Operating Activities (19,369) 158,349
Investment Securities Available-for-Sale:    
Proceeds from Prepayments and Maturities 174,574 456,420
Purchases (246) (556,154)
Investment Securities Held-to-Maturity:    
Proceeds from Prepayments and Maturities 220,415 381,387
Purchases   (15,240)
Net Change in Loans and Leases (270,751) (692,179)
Purchases of Premises and Equipment (5,046) (13,277)
Net Cash Provided by (Used in) Investing Activities 118,946 (439,043)
Financing Activities    
Net Change in Deposits (107,081) 665,573
Net Change in Short-Term Borrowings   (25,000)
Proceeds from Long-Term Debt 1,350,000  
Repayments of Long-Term Debt (51) (48)
Proceeds from Issuance of Common Stock 2,973 3,826
Repurchase of Common Stock (13,931) (24,313)
Cash Dividends Paid on Common Stock (55,874) (56,474)
Cash Dividends Paid on Preferred Stock (3,938) (3,938)
Net Cash Provided by Financing Activities 1,172,098 559,626
Net Change in Cash and Cash Equivalents 1,271,675 278,932
Cash and Cash Equivalents at Beginning of Period 401,767 560,434
Cash and Cash Equivalents at End of Period 1,673,442 839,366
Supplemental Information    
Cash Paid for Interest 110,741 11,924
Cash Paid for Income Taxes 30,623 24,946
Non-Cash Investing and Financing Activities:    
Transfer from Loans to Loans Held for Sale   $ 380
Transfer from Loans Held for Sale to Loans $ 569