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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income before noncontrolling interests $ 1,184,717 $ 1,011,348 $ 519,178
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 106,416 87,870 92,304
Gains on investment securities, net (134,670) (88,094) (45,547)
Distributions of earnings from non-marketable and other equity securities 95,131 72,015 45,867
Depreciation and amortization 82,717 57,906 56,123
Amortization of premiums and discounts on investment securities, net 15,513 (28) 2,530
Amortization of share-based compensation 66,815 45,675 36,900
Amortization of deferred loan fees (155,429) (128,077) (111,738)
Deferred income tax (benefit) expense (3,072) (21,061) 25,187
Excess tax benefit from exercise of stock options and vesting of restricted shares (9,588) (17,989) (18,014)
Losses from the write-off of premises and equipment 5,219 7,278 0
Other losses (gains) 8,959 0 (3,308)
Changes in other assets and liabilities:      
Accrued interest receivable and payable, net (24,189) (55,834) (31,372)
Accounts receivable and payable, net (17,019) (23,020) 3,481
Income tax receivable and payable, net (11,630) (5,820) 46,168
Accrued compensation (15,253) 56,874 31,689
Foreign exchange spot contracts, net 59,998 24,018 (20,891)
Other, net (74,240) (54,039) 15,909
Net cash provided by operating activities 1,164,129 933,562 646,865
Cash flows from investing activities:      
Purchases of available-for-sale securities (9,872,095) (668,264) (2,420,741)
Proceeds from sales of available-for-sale securities 2,189,087 474,482 580,871
Proceeds from maturities and paydowns of available-for-sale securities 1,643,357 3,436,064 3,339,574
Purchases of held-to-maturity securities (492,502) (4,726,595) (5,967,223)
Proceeds from maturities and paydowns of held-to-maturity securities 2,124,513 1,891,761 1,708,001
Purchases of non-marketable and other equity securities (136,186) (81,574) (44,047)
Proceeds from sales and distributions of capital of non-marketable and other equity securities 113,526 95,025 51,052
Net increase in loans (4,773,775) (5,175,409) (3,170,099)
Purchases of premises and equipment (65,479) (45,865) (50,884)
Proceeds from sale of equity valuation services business 0 0 3,000
Acquisition of SVB Leerink (102,328) 0 0
Net cash used for investing activities (9,371,882) (4,800,375) (5,970,496)
Cash flows from financing activities:      
Net increase in deposits 12,428,907 5,074,825 5,274,207
Net (decrease) increase in short-term borrowings (613,982) (402,318) 521,062
Principal payments of long-term debt (358,395) 0 (97,781)
(Distributions to noncontrolling interests), net of contributions from noncontrolling interests (50,978) (28,494) (23,535)
Net proceeds from the issuance of preferred stock 340,138 0 0
Common stock repurchase (352,511) (147,123) 0
Proceeds from issuance of common stock, ESPP and ESOP 24,818 18,387 27,003
Net cash provided by financing activities 11,417,997 4,515,277 5,700,956
Net increase in cash and cash equivalents 3,210,244 648,464 377,325
Cash and cash equivalents at beginning of period 3,571,539 2,923,075 2,545,750
Cash and cash equivalents at end of period 6,781,783 3,571,539 2,923,075
Cash paid during the period for:      
Interest 217,961 75,601 45,592
Income taxes 422,346 376,425 277,823
Noncash items during the period:      
Changes in unrealized gains and losses on available-for-sale securities, net of tax 139,934 (15,498) (24,788)
Distributions of stock from investments 8,917 5,277 6,807
Equity warrant assets      
Adjustments to reconcile net income to net cash provided by operating activities:      
Changes in fair value of derivatives 2,240 (24,417) (11,862)
Derivative      
Adjustments to reconcile net income to net cash provided by operating activities:      
Changes in fair value of derivatives $ (18,506) $ (11,043) $ 14,261