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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows From Operating Activities    
Net income $ 449,512 $ 227,552
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 28,162 26,893
Amortization of other intangible assets 18,286 19,070
Amortization of tax credit investments 8,167 5,703
Net premium amortization on investment securities 8,673 14,625
Accretion income related to acquired loans (17,484) (63,472)
Share-based compensation expense 22,903 21,582
Provision for credit losses 47,292 133,391
Debt securities (gains) losses, net 5,440 (85)
Net (gains) losses on sales of loans and other assets (727) (5,911)
Increase in cash surrender value of company-owned life insurance (11,624) (11,456)
Residential real estate loans originated for sale (366,340) (490,288)
Proceeds from sales of residential real estate loans 366,485 531,121
(Increase) decrease in interest receivable (18,982) (29,088)
(Increase) decrease in other assets (56,116) 36,049
Increase (decrease) in accrued expenses and other liabilities (40,132) 271,625
Net cash flows provided by (used in) operating activities 443,515 687,311
Cash Flows From Investing Activities    
Cash received from merger, net 0 1,912,629
Purchases of investment securities available-for-sale (626,820) (1,367,896)
Purchases of investment securities held-to-maturity (1,941) (156,378)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (99,158) (115,488)
Purchases of equity securities (20,862) (5,843)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 614,782 1,117,620
Proceeds from sales of investment securities available-for-sale 54,056 13,371
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 76,276 61,172
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 47,738 108,697
Proceeds from sales of equity securities 2,610 52,034
Loan originations and payments, net (2,269,544) (2,481,620)
Proceeds from sales of commercial loans 679,952 0
Proceeds from company-owned life insurance death benefits 5,865 8,716
Proceeds from sales of premises and equipment and other assets 3,513 3,202
Purchases of premises and equipment and other assets (28,074) (28,739)
Net cash flows provided by (used in) investing activities (1,561,607) (878,523)
Net increase (decrease) in:    
Deposits 2,251,846 235,064
Federal funds purchased and interbank borrowings (580,571) 300,755
Securities sold under agreements to repurchase (153,743) (89,416)
Other borrowings 114,251 152,324
Payments for maturities of Federal Home Loan Bank advances (1,850,150) (1,674,875)
Proceeds from Federal Home Loan Bank advances 2,450,000 1,450,000
Cash dividends paid (135,054) (132,674)
Common stock repurchased (44,266) (70,931)
Common stock issued 797 557
Net cash flows provided by (used in) financing activities 2,053,110 170,804
Net increase (decrease) in cash and cash equivalents 935,018 (20,408)
Cash and cash equivalents at beginning of period 728,412 822,019
Cash and cash equivalents at end of period 1,663,430 801,611
Supplemental cash flow information:    
Total interest paid 450,939 62,207
Total income taxes paid (net of refunds) 158,478 14,759
Issuance of common stock 0 2,446,312
Investment securities purchased but not settled 0 3,858
Securities transferred from available-for-sale to held-to-maturity 0 2,986,736
Operating lease right-of-use assets obtained in exchange for lease obligations 7,899 17,376
Finance lease right-of-use assets obtained in exchange for lease obligations 10,019 629
Preferred Stock    
Supplemental cash flow information:    
Issuance of common stock $ 0 $ 243,870