XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 65,606 $ 116,442
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 63,600 10,125
Depreciation and amortization of premises and equipment 14,331 13,924
Amortization of TCI 15,237 16,311
Net amortization of investment securities premiums 5,599 4,359
Investment securities gains, net (3,051) (241)
Gain on sales of mortgage loans held for sale (22,728) (8,302)
Proceeds from sales of mortgage loans held for sale 584,924 375,306
Originations of mortgage loans held for sale (601,783) (385,659)
Amortization of intangible assets 264 214
Amortization of issuance costs and discounts on long-term debt 543 421
Stock-based compensation 3,530 3,348
Other changes, net (161,412) (67,400)
Total adjustments (100,946) (37,594)
Net cash (used in) provided by operating activities (35,340) 78,848
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities AFS 187,819 283,952
Proceeds from principal repayments and maturities of HTM securities 40,374 40,058
Proceeds from principal repayments and maturities of securities AFS 147,551 113,154
Purchase of securities AFS (418,395) (538,629)
Sale (purchase) of FRB and FHLB stock 6,380 (17,965)
Net increase in loans (1,882,433) (205,404)
Net change in tax credit investments (13,881) (22,695)
Net cash paid for acquisition 0 (3,907)
Net change in tax credit investments 4,873 11,092
Net cash used in investing activities (1,937,458) (362,528)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in demand and savings deposits 2,678,900 (228,999)
Net (decrease) increase in time deposits (188,604) 241,735
(Decrease) increase in short-term borrowings (310,690) 433,613
Additions to long-term debt 495,898 105,000
Repayments of long-term debt (83,015) (110,132)
Net proceeds from issuance of common stock 3,198 1,653
Dividends paid (42,333) (42,680)
Acquisition of treasury stock (39,748) (63,386)
Net cash provided by financing activities 2,513,606 336,804
Net Increase in Cash and Cash Equivalents 540,808 53,124
Cash and Cash Equivalents at Beginning of Period 517,791 445,687
Cash and Cash Equivalents at End of Period 1,058,599 498,811
Cash paid during the period for:    
Interest 63,837 88,186
Income taxes $ 11,051 $ 4,932