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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 325,472 $ (148,749)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,743 22,869
Provision for credit losses (49,095) 578,690
(Gain) loss on other real estate and foreclosed assets (1,124) 9,252
Gain on sale of securities (333) (488)
Deferred tax expense (benefit) 1,378 (28,949)
Increase in cash surrender value of life insurance contracts (21,122) (14,443)
Impairment (gain) on disposal of assets 15,165 (556)
Loss on extinguishment of debt 4,165  
Net (increase) decrease in loans held for sale 43,867 (46,691)
Net amortization of securities premium/discount 38,318 30,576
Amortization of intangible assets 12,746 15,302
Stock-based compensation expense 17,270 16,661
Net change in liability from variation margin collateral 53,387 (102,501)
Decrease in interest payable and other liabilities 22,037 11,369
(Increase) decrease in other assets 60,971 (97,265)
Other, net (13,970) (17,607)
Net cash provided by operating activities 530,875 227,470
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of available for sale securities 198,681 211,919
Proceeds from maturities of securities available for sale 831,433 662,269
Purchases of securities available for sale (2,235,723) (1,667,476)
Proceeds from maturities of securities held to maturity 99,044 169,863
Purchases of securities held to maturity (59,362) (20,884)
Net redemptions (purchases) of Federal Home Loan Bank stock 52,535 (12,868)
Net increase in short-term investments (1,728,995) (668,828)
Proceeds from sales of loans and leases 12,540 301,609
Net (increase) decrease in loans 915,652 (1,657,939)
Purchase of life insurance contracts (75,000)  
Proceeds from the surrender of life insurance contracts 44,045  
Purchases of property and equipment (12,402) (31,214)
Proceeds from sales of other real estate 7,804 15,299
Other, net 35,903 8,456
Net cash used in investing activities (1,913,845) (2,689,794)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 1,510,280 3,227,084
Net increase (decrease) in short-term borrowings 77,715 (807,977)
Proceeds from the issuance of long-term debt 22,388 166,425
Repayments of long-term debt (153,365) (230)
Dividends paid (72,046) (71,620)
Payroll tax remitted on net share settlement of equity awards (1,298) (1,639)
Proceeds from exercise of stock options 439  
Proceeds from dividend reinvestment and stock purchase plans 2,940 3,098
Settlement of forward contract portion of accelerated share repurchase   12,110
Repurchase of shares (2,509) (12,716)
Net cash provided by financing activities 1,384,544 2,514,535
NET INCREASE IN CASH AND DUE FROM BANKS 1,574 52,211
CASH AND DUE FROM BANKS, BEGINNING 526,306 432,104
CASH AND DUE FROM BANKS, ENDING 527,880 484,315
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 2,623 $ 5,459