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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 127,213 $ 178,550
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 70,680 12,295
Depreciation and amortization of premises and equipment 21,653 20,984
Amortization of TCI 22,883 24,608
Net amortization of investment securities premiums 8,722 6,861
Investment securities gains, net (3,053) (4,733)
Gain on sales of mortgage loans held for sale (42,208) (13,822)
Proceeds from sales of mortgage loans held for sale 1,113,671 672,314
Originations of mortgage loans held for sale (1,127,256) (665,338)
Amortization of intangible assets 397 1,285
Amortization of issuance costs and discounts on long-term debt 836 632
Stock-based compensation 5,403 5,458
Other changes, net (169,447) (195,560)
Total adjustments (97,719) (135,016)
Net cash provided by operating activities 29,494 43,534
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 215,150 697,634
Proceeds from principal repayments and maturities of HTM securities 67,268 62,320
Proceeds from principal repayments and maturities of securities AFS 282,832 169,380
Purchase of AFS securities (728,937) (838,634)
Sale (purchase) of FRB and FHLB stock 3,458 (15,274)
Net increase in loans (2,203,974) (529,974)
Net change in tax credit investments (18,550) (23,799)
Net cash paid for acquisition 0 (3,907)
Net change in tax credit investments 9,585 14,715
Net cash used in investing activities (2,392,338) (496,969)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand and savings deposits 3,669,990 627,958
Net (decrease) increase in time deposits (333,852) 338,600
Net (decrease) increase in short-term borrowings (271,514) 78,083
Additions to long-term debt 495,898 305,000
Repayments of long-term debt (82,491) (571,197)
Net proceeds from issuance of common stock 5,046 3,813
Dividends paid (63,387) (64,439)
Acquisition of treasury stock (39,748) (111,457)
Net cash provided by financing activities 3,379,942 606,361
Net Increase in Cash and Cash Equivalents 1,017,099 152,926
Cash and Cash Equivalents at Beginning of Period 517,791 445,687
Cash and Cash Equivalents at End of Period 1,534,890 598,613
Cash paid during the period for:    
Interest 91,328 134,935
Income taxes 12,118 7,966
Supplemental schedule of certain noncash activities:    
Transfer of HTM securities to AFS securities $ 0 $ 158,898