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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 195,890 $ (228,105)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,352 15,420
Provision for credit losses (22,140) 553,691
(Gain) loss on other real estate and foreclosed assets (627) 9,790
Gain on sale of securities (333) (112)
Deferred tax expense (benefit) 2,158 (48,786)
Increase in cash surrender value of life insurance contracts (15,353) (4,235)
Impairment of or loss on disposal of assets 15,274 19
Loss on extinguishment of debt 4,165  
Net (increase) decrease in loans held for sale 45,414 (53,176)
Net amortization of securities premium/discount 26,211 19,208
Amortization of intangible assets 8,664 10,514
Stock-based compensation expense 11,646 11,086
Net change in liability from variation margin collateral 44,441 (113,616)
Decrease in interest payable and other liabilities (6,229) (4,493)
(Increase) decrease in other assets 45,301 (86,813)
Other, net (1,271) (13,512)
Net cash provided by operating activities 367,563 66,880
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of available for sale securities 198,681 124,122
Proceeds from maturities of securities available for sale 593,760 385,125
Purchases of securities available for sale (2,235,723) (582,655)
Proceeds from maturities of securities held to maturity 77,197 124,037
Purchases of securities held to maturity (59,362) (12,359)
Net increase in short-term investments (869,999) (649,965)
Proceeds from sales of loans and leases 12,312 22,221
Net (increase) decrease in loans 670,795 (2,029,351)
Purchase of life insurance contracts (75,000)  
Proceeds from the surrender of life insurance contracts 44,045  
Purchases of property and equipment (7,636) (19,607)
Proceeds from sales of other real estate 5,504 7,678
Other, net 6,549 (10,361)
Net cash used in investing activities (1,638,877) (2,641,115)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 1,575,231 3,518,693
Net decrease in short-term borrowings (151,005) (959,997)
Proceeds from the issuance of long-term debt 22,388 166,812
Repayments of long-term debt (153,287) (153)
Dividends paid (48,044) (47,817)
Payroll tax remitted on net share settlement of equity awards (1,082) (1,585)
Proceeds from exercise of stock options 439  
Proceeds from dividend reinvestment and stock purchase plans 1,962 2,018
Settlement of forward contract portion of accelerated share repurchase   12,110
Repurchase of shares   (12,716)
Net cash provided by financing activities 1,246,602 2,677,365
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (24,712) 103,130
CASH AND DUE FROM BANKS, BEGINNING 526,306 432,104
CASH AND DUE FROM BANKS, ENDING 501,594 535,234
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 2,578 $ 5,459