XML 155 R138.htm IDEA: XBRL DOCUMENT v3.22.4
Parent Company Information - Schedule of Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net Income $ 568,851 $ 473,840 $ 390,606
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 28,788 20,887 16,154
Net amortization of premiums and accretion of discounts on borrowings 10,653 30,251 38,315
Net change in:      
Other assets (259,690) 122,241 (311,760)
Accrued expenses and other liabilities 874,880 (63,653) 58,234
Net cash provided by operating activities 1,428,479 837,142 163,561
Cash flows from investing activities:      
Purchases of equity securities (11,209) (4,051) (8,337)
Cash and cash equivalents acquired in acquisitions, net 321,540 321,618 0
Net cash used in investing activities (6,787,781) (1,080,781) (2,037,662)
Cash flows from financing activities:      
Proceeds from issuance of long-term borrowings, net 147,508 295,922 838,388
Repayment of long-term borrowings 0 (1,168,465) (679,775)
Dividends paid to preferred shareholders (13,146) (12,688) (12,688)
Dividends paid to common shareholders (205,999) (179,667) (177,965)
Purchase of common shares to treasury (24,123) (23,907) (5,374)
Common stock issued, net 120 11,245 2,202
Net cash (used in) provided by financing activities 4,257,329 964,354 2,768,619
Net change in cash and cash equivalents (1,101,973) 720,715 894,518
Cash and cash equivalents at beginning of year 2,049,920 1,329,205 434,687
Cash and cash equivalents at end of year 947,947 2,049,920 1,329,205
Parent Company      
Cash flows from operating activities:      
Net Income 568,851 473,840 390,606
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings of subsidiaries (184,911) (341,365) (219,687)
Stock-based compensation 28,788 20,887 16,154
Net amortization of premiums and accretion of discounts on borrowings 1,741 1,152 230
Net change in:      
Other assets (8,070) 2,134 121
Accrued expenses and other liabilities 5,851 (7,079) 17,905
Net cash provided by operating activities 412,250 149,569 205,329
Cash flows from investing activities:      
Purchases of equity securities (10,424) (1,644) (2,500)
Cash and cash equivalents acquired in acquisitions, net (113,244) (3,983) 0
Repayment of subordinated debt by subsidiary 0 0 100,000
Capital contributions to subsidiary (125,055) (227,000) (210,000)
Other, net 0 0 (1,200)
Net cash used in investing activities (248,723) (232,627) (113,700)
Cash flows from financing activities:      
Proceeds from issuance of long-term borrowings, net 147,508 295,922 113,146
Repayment of long-term borrowings 0 (60,000) 0
Dividends paid to preferred shareholders (13,146) (12,688) (12,688)
Dividends paid to common shareholders (205,999) (179,667) (177,965)
Purchase of common shares to treasury (24,123) (23,907) (5,374)
Common stock issued, net 120 11,245 2,202
Net cash (used in) provided by financing activities (95,640) 30,905 (80,679)
Net change in cash and cash equivalents 67,887 (52,153) 10,950
Cash and cash equivalents at beginning of year 78,010 130,163 119,213
Cash and cash equivalents at end of year $ 145,897 $ 78,010 $ 130,163