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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net income $ 87,399 $ 149,604
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 17,742 14,068
Amortization of other intangible assets 11,981 5,984
Amortization of tax credit investments 3,041 3,015
Net premium amortization on investment securities 9,413 7,526
Accretion income related to acquired loans (44,083) (9,781)
Share-based compensation expense 14,097 3,563
Provision for credit losses 106,814 (22,285)
Debt securities (gains) losses, net (257) (2,685)
Net (gains) losses on sales of loans and other assets (4,010) (18,202)
Increase in cash surrender value of company-owned life insurance (8,095) (5,497)
Residential real estate loans originated for sale (364,018) (645,624)
Proceeds from sales of residential real estate loans 395,829 677,888
(Increase) decrease in interest receivable (19,468) (288)
(Increase) decrease in other assets 127,991 40,951
Increase (decrease) in accrued expenses and other liabilities 104,456 (33,062)
Net cash flows provided by (used in) operating activities 438,832 165,175
Cash Flows From Investing Activities    
Cash received (paid) from merger, net 1,912,629 0
Purchases of investment securities available-for-sale (1,276,205) (1,801,957)
Purchases of investment securities held-to-maturity (117,141) 0
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (97,359) 0
Purchases of equity securities (1,417) 0
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 659,922 820,305
Proceeds from sales of investment securities available-for-sale 12,742 67,715
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 30,744 0
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 83,947 44
Proceeds from sales of equity securities 49,709 325
Loan originations and payments, net (1,524,289) 11,924
Proceeds from company-owned life insurance death benefits 2,849 2,042
Proceeds from sales of premises and equipment and other assets 2,751 7,632
Purchases of premises and equipment and other assets (17,459) (34,411)
Net cash flows provided by (used in) investing activities (278,577) (926,381)
Net increase (decrease) in:    
Deposits (279,624) 831,458
Federal funds purchased and interbank borrowings 1,285 357
Securities sold under agreements to repurchase (51,296) (35,037)
Other borrowings 53,136 12,428
Payments for maturities of Federal Home Loan Bank advances (1,100,005) (145,005)
Payments for modification of Federal Home Loan Bank advances 0 (2,156)
Proceeds from Federal Home Loan Bank advances 1,350,000 50,000
Cash dividends paid (87,733) (46,397)
Common stock repurchased (70,400) (3,305)
Common stock issued 327 282
Net cash flows provided by (used in) financing activities (184,310) 662,625
Net increase (decrease) in cash and cash equivalents (24,055) (98,581)
Cash and cash equivalents at beginning of period 822,019 589,712
Cash and cash equivalents at end of period 797,964 491,131
Supplemental cash flow information:    
Total interest paid 30,904 22,368
Total income taxes paid (net of refunds) (183) 3,526
Investment securities purchased but not settled 0 8,046
Securities transferred from available-for-sale to held-to-maturity 2,986,736 0
Operating lease right-of-use assets obtained in exchange for lease obligations 3,141 499
Finance lease right-of-use assets obtained in exchange for lease obligations 209 4,994
Common Stock    
Supplemental cash flow information:    
Issuance of common stock 2,446,312 0
Preferred Stock    
Supplemental cash flow information:    
Issuance of common stock $ 243,870 $ 0