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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 161,930 $ 339,031
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 252,180 82,016
Amortization of intangibles 4,269 4,683
Depreciation and amortization of premises and equipment 28,901 28,724
Net accretion of discounts and amortization of premiums and deferred fees (42,087) (82,053)
Share-based compensation 7,164 10,408
Fair value adjustments on mortgage servicing rights 12,869 21,011
Adjustments to indemnity reserves on loans sold 5,953 (1,747)
Earnings from investments under the equity method, net of dividends or distributions (6,425) (7,257)
Deferred income tax (benefit) expense (7,824) 75,083
Gain on:    
Disposition of premises and equipment and other productive assets (7,939) (4,141)
Proceeds from insurance claims (366) 0
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (12,652) (5,939)
Sale of foreclosed assets, including write-downs (5,754) (9,826)
Acquisitions of loans held-for-sale (82,812) (103,233)
Proceeds from sale of loans held-for-sale 24,897 31,063
Net originations on loans held-for-sale (100,408) (125,707)
Net decrease (increase) in:    
Trading debt securities 176,054 215,569
Equity securities (3,731) (5,911)
Accrued income receivable (54,873) (4,864)
Other assets 30,513 (3,563)
Net (decrease) increase in:    
Interest payable (3,422) 913
Pension and other postretirement benefits obligation 2,771 10,399
Other liabilities (71,684) (125,317)
Total adjustments 145,594 311
Net cash provided by operating activities 307,524 339,342
Cash flows from investing activities:    
Net increase in money market investments (6,362,958) 997,694
Purchases of investment securities:    
Available-for-sale (10,313,044) (9,684,912)
Equity (20,282) (12,706)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 8,106,422 6,789,265
Held-to-maturity 3,102 2,980
Proceeds from sale of investment securities:    
Equity 17,424 6,047
Net disbursements on loans (1,159,732) (324,067)
Proceeds from sale of loans 26,070 29,943
Acquisition of loan portfolios (123,738) (312,752)
Payments to acquire other intangible 0 (793)
Return of capital from equity method investments 131 1,397
Payments to acquire equity method investments (440) 0
Acquisition of premises and equipment (24,057) (37,926)
Proceeds from insurance claims 366 0
Proceeds from sale of:    
Premises and equipment and other productive assets 14,714 14,815
Foreclosed assets 32,805 59,304
Net cash used in investing activities (9,803,217) (2,471,711)
Net increase (decrease) in:    
Deposits 10,090,333 2,348,495
Assets sold under agreements to repurchase (40,313) (48,439)
Other short-term borrowings 0 159,959
Payments of notes payable (66,989) (99,758)
Principal payments of finance leases (1,047) (837)
Proceeds from issuance of notes payable 151,009 75,000
Proceeds from issuance of common stock 6,585 4,650
Payments for repurchase of redeemable preferred stock (28,017) 0
Dividends paid (65,584) (55,631)
Net payments for repurchase of common stock (500,282) (250,410)
Payments related to tax witholding for share-based compensation (3,200) (4,229)
Net cash provided by financing activities 9,542,495 2,128,800
Net increase (decrease) in cash and due from banks, and restricted cash 46,802 (3,569)
Cash and due from banks and restricted cash at beginning of period 394,323 403,251
Cash and due from banks and restricted cash at end of period $ 441,125 $ 399,682