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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 463,215 $ (45,174) $ 327,380
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 29,113 30,128 30,902
Provision for credit losses (77,494) 602,904 47,708
(Gain) loss on other real estate and foreclosed assets (2,280) 9,581 626
Deferred tax expense (benefit) 10,376 (20,716) 47,100
Increase in cash surrender value of life insurance contracts (23,505) (19,244) (16,158)
Impairment of or loss on disposal of assets 14,354 3,159 1,109
Loss on extinguishment of debt 4,165    
Gain on sale of securities available for sale (333) (488)  
Gain on the sale of loans and leases (1,208) (1,203) (619)
Net (increase) decrease in loans held for sale 41,157 (77,544) (27,773)
Net amortization of securities premium/discount 50,311 43,226 32,166
Amortization of intangible assets 16,665 19,916 20,844
Stock-based compensation expense 22,442 21,107 20,902
Net change in liability from variation margin collateral 62,670 (80,290) (21,326)
Contribution to pension plan     (100,000)
Increase in interest payable and other liabilities 20,869 4,687 19,573
Increase in other assets (21,050) (111,094) (22,556)
Other, net (23,777) (23,764) (7,929)
Net cash provided by operating activities 585,690 355,191 351,949
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available for sale 198,681 211,919 268,413
Proceeds from maturities of securities available for sale 1,073,133 1,001,720 294,681
Purchases of securities available for sale (2,527,272) (2,371,954) (1,010,805)
Proceeds from maturities of securities held to maturity 116,536 218,205 417,520
Purchases of securities held to maturity (338,089) (20,884) (183,626)
Net redemptions (purchases) of Federal Home Loan Bank stock 52,535 (12,868) (35,151)
Net (increase) decrease in short-term investments (2,496,849) (1,223,557) 281,251
Proceeds from sale of loans and leases 22,485 328,958 112,048
Net (increase) decrease in loans 670,958 (1,296,136) (555,008)
Purchases of life insurance contracts (75,000)   (32,788)
Proceeds from surrender of life insurance contracts 44,045    
Purchases of property and equipment (23,541) (37,869) (42,716)
Proceeds from sales of other real estate 15,527 17,923 30,658
Cash acquired in stock-based business combination     28,059
Consideration paid in business combination     (1,112)
Other, net 42,267 7,071 (30,446)
Net cash used in investing activities (3,224,584) (3,177,472) (459,022)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits 2,768,020 3,894,302 (627,557)
Net increase (decrease) in short-term borrowings (2,452) (1,047,359) 1,058,748
Repayments of long-term debt (153,444) (308) (14,222)
Issuance of long-term debt, net of issuance costs 22,388 166,425 20,846
Dividends paid (95,927) (95,605) (94,871)
Payroll tax remitted on net share settlement of equity awards (7,364) (4,530) (6,295)
Cash (received) paid under accelerated share repurchase agreement   12,110 (185,000)
Other repurchases of common stock (21,796) (12,716)  
Proceeds from exercise of stock options 492   542
Proceeds from dividend reinvestment and stock purchase plan 3,872 4,164 3,614
Net cash provided by financing activities 2,513,789 2,916,483 155,805
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (125,105) 94,202 48,732
CASH AND DUE FROM BANKS, BEGINNING 526,306 432,104 383,372
CASH AND DUE FROM BANKS, ENDING 401,201 526,306 432,104
SUPPLEMENTAL INFORMATION      
Income taxes paid 122,594 17,465 28,288
Interest paid 49,995 121,343 232,456
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES      
Assets acquired in settlement of loans $ 2,806 $ 6,420 $ 21,285