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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 284,280 $ 286,981 $ 275,497
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 54,036 28,021 (14,600)
Depreciation and amortization of premises and equipment 30,055 30,201 28,802
Net amortization of investment securities premiums 11,231 12,824 16,031
Investment securities losses (gains), net 733 27 (33,516)
Gain on sales of mortgage loans held for sale (5,094) (8,816) (24,379)
Proceeds from sales of mortgage loans held for sale 363,406 455,607 1,050,943
Originations of mortgage loans held for sale (366,206) (418,287) (978,446)
Intangible amortization 2,944 1,731 589
Amortization of issuance costs and discounts on long-term borrowings 750 724 1,846
Debt extinguishment costs 0 0 33,249
Stock-based compensation 12,540 14,000 8,402
Change in deferred federal income tax 24,666 (117,849) (417)
Net change in accrued salaries and benefits (5,868) 12,826 (1,226)
Change in life insurance cash surrender value (27,664) (95,702) (93,986)
Other changes, net (16,825) 392,503 69,602
Total adjustments 78,704 307,810 62,894
Net cash provided by operating activities 362,984 594,791 338,391
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of AFS securities 213,424 196,411 359,137
Proceeds from principal repayments and maturities of AFS securities 149,211 583,444 469,393
Proceeds from principal repayments and maturities of HTM securities 59,685 109,759 117,958
Purchase of AFS securities (79,053) (845,744) (1,309,470)
Purchase of HTM securities 0 (30,959) (443,081)
Sale of Visa Shares 0 0 33,962
Net change in FRB and FHLB stock 5,781 (72,551) 34,494
Net change in loans (1,100,816) (1,407,289) 561,664
Net purchases of premises and equipment (32,958) (21,246) (17,679)
Settlement of bank owned life insurance 2,264 3,474 3,881
Net cash paid for acquisition 0 (21,811) (1,982)
Net change in tax credit investments (26,753) (29,071) (18,363)
Net cash used in investing activities (809,215) (1,535,583) (210,086)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in demand and savings deposits (1,198,222) (1,198,319) 1,315,139
Net change in time deposits and brokered deposits 2,086,307 (257,823) (580,847)
Net (decrease) increase in other borrowings (379,431) 1,629,870 (212,682)
Repayments of senior debt and subordinated debt 5,000 81,496 710,633
Net proceeds from issuance of common stock 3,160 7,876 7,437
Dividends paid (115,738) (116,009) (112,028)
Acquisition of treasury stock (77,056) 0 (43,909)
Net cash provided by (used in) financing activities 314,020 (15,901) (337,523)
Net Increase in Cash and Cash Equivalents (132,211) (956,693) (209,218)
Cash and Cash Equivalents at Beginning of Year 681,921 1,638,614 1,847,832
Cash and Cash Equivalents at End of Year 549,710 681,921 1,638,614
Cash paid during period for:      
Interest 394,052 80,019 63,047
Income taxes 25,319 32,669 27,870
Supplemental schedule of certain noncash activities      
Transfer of AFS securities to HTM securities $ 0 $ 479,008 $ 376,165