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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 261,428 $ 161,907 $ 168,146
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 27,554 24,845 24,431
Stock-based compensation 19,472 12,204 10,032
Provision for credit losses 32,501 9,942 11,869
Net amortization of premiums and accretion of discounts on securities and borrowings 38,454 46,346 24,310
Amortization of other intangible assets 18,416 10,016 11,327
Losses (gains) on securities transactions, net 2,342 20 (777)
Proceeds from sales of loans held for sale 687,983 813,855 572,439
Gains on sales of loans, net (20,515) (20,814) (22,030)
Originations of loans held for sale (406,087) (444,290) (425,713)
Losses (gains) on sales of assets, net 2,402 95 (1,358)
Net deferred income tax (benefit) expense (11,780) 76,848 27,154
Net change in:      
Fair value of borrowings hedged by derivative transactions 0 0 6,158
Cash surrender value of bank owned life insurance (8,691) (7,338) (6,694)
Accrued interest receivable (9,183) (7,174) (3,262)
Other assets (33,145) (57,353) 47,458
Accrued expenses and other liabilities (7,562) 121 (24,313)
Net cash provided by operating activities 593,589 619,230 419,177
Cash flows from financing activities:      
Net change in deposits 2,734,669 422,754 1,477,157
Net change in short-term borrowings 720,307 (332,332) 3,969
Proceeds from issuance of long-term borrowings, net 0 1,065,000 385,000
Repayments of long-term borrowings (750,682) (185,000) (769,182)
Proceeds from issuance of preferred stock, net 0 98,101 0
Cash dividends paid to preferred shareholders (15,859) (6,277) (7,188)
Cash dividends paid to common shareholders (138,857) (115,881) (111,813)
Purchase of common shares to treasury (3,801) (2,645) (3,191)
Common stock issued, net 2,704 8,207 112,085
Net cash provided by financing activities 2,548,481 951,927 1,086,837
Cash flows from investing activities:      
Net loan originations and purchases (3,257,939) (1,418,073) (1,379,431)
Investment securities held to maturity:      
Purchases (264,721) (220,356) (669,157)
Maturities, calls and principal repayments 241,077 290,929 325,766
Investment securities available for sale:      
Purchases (289,554) (411,788) (679,530)
Sales 44,377 2,727 4,782
Maturities, calls and principal repayments 255,031 204,684 867,998
Death benefit proceeds from bank owned life insurance 4,220 13,089 2,406
Proceeds from sales of real estate property and equipment 7,786 9,357 20,560
Purchases of real estate property and equipment (26,440) (18,117) (20,707)
Cash and cash equivalents acquired in acquisitions 156,612 0 0
Net cash used in investing activities (3,129,551) (1,547,548) (1,527,313)
Net change in cash and cash equivalents 12,519 23,609 (21,299)
Cash and cash equivalents at beginning of year 416,110 392,501 413,800
Cash and cash equivalents at end of year 428,629 416,110 392,501
Supplemental disclosures of cash flow information:      
Interest on deposits and borrowings 290,444 170,614 151,209
Federal and state income taxes 53,587 29,013 26,564
Supplemental schedule of non-cash investing activities:      
Transfer of loans to other real estate owned 743 7,301 8,089
Loans transferred to loans held for sale 289,633 313,201 174,501
Non-cash assets acquired:      
Loans 3,736,984 0 0
Premises and equipment 62,066 0 0
Bank owned life insurance 49,052 0 0
Accrued interest receivable 12,123 0 0
Goodwill 394,028 0 0
Other intangible assets 45,906 0 0
Other assets 100,059 0 0
Total non-cash assets acquired 4,922,820 0 0
Liabilities assumed:      
Deposits 3,564,843 0 0
Short-term borrowings 649,979 0 0
Long-term borrowings 87,283 0 0
Junior subordinated debentures issued to capital trusts 13,249 0 0
Accrued expenses and other liabilities 26,848 0 0
Total liabilities assumed 4,342,202 0 0
Net non-cash assets acquired 580,618 0 0
Net cash and cash equivalents acquired in acquisition 156,612 0 0
Common stock issued in acquisition 737,230 0 0
Held-to-maturity securities      
Non-cash assets acquired:      
Investment securities 214,217 0 0
Available-for-sale securities      
Non-cash assets acquired:      
Investment securities $ 308,385 $ 0 $ 0