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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 178,550 $ 150,310
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 12,295 38,707
Depreciation and amortization of premises and equipment 20,984 21,423
Amortization of tax credit investments 24,608 25,093
Net amortization of investment securities premiums 6,861 6,153
Investment securities gains, net (4,733) (37)
Gain on sales of mortgage loans held for sale (13,822) (10,158)
Proceeds from sales of mortgage loans held for sale 672,314 608,561
Originations of mortgage loans held for sale (665,338) (594,398)
Amortization of intangible assets 1,285 0
Amortization of issuance costs and discounts on long-term debt 632 606
Stock-based compensation 5,458 6,007
Other changes, net (195,560) (19,576)
Total adjustments (135,016) 82,381
Net cash provided by operating activities 43,534 232,691
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 697,634 54,638
Proceeds from principal repayments and maturities of securities held to maturity 62,320 15,475
Proceeds from principal repayments and maturities of securities available for sale 169,380 237,624
Purchase of securities available for sale (838,634) (459,799)
Purchase of Federal Reserve Bank and Federal Home Loan Bank stock (15,274) (5,165)
Net increase in loans and leases (529,974) (200,526)
Net change in tax credit investments (23,799) (29,857)
Net cash paid for acquisition (3,907) 0
Net change in tax credit investments 14,715 47,096
Net cash used in by investing activities (496,969) (434,706)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand and savings deposits 627,958 342,080
Net increase in time deposits 338,600 109,402
Increase (decrease) in short-term borrowings 78,083 (131,959)
Additions to long-term debt 305,000 50,000
Repayments of long-term debt (571,197) (100,122)
Net proceeds from issuance of common stock 3,813 4,748
Dividends paid (64,439) (61,539)
Acquisition of treasury stock (111,457) 0
Net cash provided by financing activities 606,361 212,610
Net Increase in Cash and Cash Equivalents 152,926 10,595
Cash and Cash Equivalents at Beginning of Period 445,687 402,096
Cash and Cash Equivalents at End of Period 598,613 412,691
Cash paid during the period for:    
Interest 134,935 88,559
Income taxes 7,966 8,178
Transfer of available for sale securities to held to maturity securities 0 641,672
Transfer of held to maturity securities to available for sale securities $ 158,898 $ 0