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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 34,396 $ 137,392
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,471 24,981
Provision for credit losses 217,804 9,220
Deferred income taxes (31,577) 1,457
Gains on sale of securities, net (15) (2,687)
Trading securities revenue (189)  
Purchases of trading securities (108,537)  
Proceeds from sale of trading securities 108,726  
Share-based compensation expense 18,694 6,642
Accretion of discount related to acquired loans (43,484) (9,131)
(Gains) losses on disposal of premises and equipment (514) 3,648
Gains on sale of bank premises and other repossessed real estate (21) (527)
Net amortization of premiums on investment securities 13,318 5,310
Bank premises and other repossessed real estate write downs 770 727
Fair value adjustment for loans held for sale (5,125) 1,463
Originations and purchases of loans held for sale (1,943,097) (583,804)
Proceeds from sales of loans held for sale 2,079,830 525,659
Gains on sales of loans held for sale (74,808) (7,786)
Bank owned life insurance income (6,830) (4,206)
Net change in:    
Accrued interest receivable (21,717) (134)
Prepaid assets (8,939) (846)
Operating Leases 6,037 1,134
Bank owned life insurance (1,231) (218)
Derivative assets (40,330) (19,225)
Miscellaneous other assets 42,018 (27,477)
Accrued interest payable 678 317
Accrued income taxes (30,106) 2,625
Derivative liabilities 60,536 38,866
Miscellaneous other liabilities 58,345 24,307
Net cash provided by operating activities 356,103 127,707
Cash flows from investing activities:    
Proceeds from sales of investment securities available for sale 23,540 231,990
Proceeds from maturities and calls of investment securities available for sale 705,381 208,640
Proceeds from sales of other investment securities 42,034 45
Purchases of investment securities available for sale (1,201,855) (692,114)
Purchases of other investment securities (80,513) (23,566)
Net increase in loans (737,130) (280,684)
Net cash received from acquisitions 2,566,376  
Recoveries of loans previously charged off 8,287 2,833
Purchases of premises and equipment (13,009) (11,533)
Proceeds from redemption and payout of bank owned life insurance policies 19,207 1,323
Proceeds from sale of bank premises and other repossessed real estate 8,254 7,405
Proceeds from sale of premises and equipment 704 17
Net cash provided by (used in) investing activities 1,341,276 (555,644)
Cash flows from financing activities:    
Net increase in deposits 2,174,838 376,854
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings 6,436 (1,577)
Proceeds from borrowings 500,000 700,001
Repayment of borrowings (500,005) (150,005)
Common stock issuance 807 717
Common stock repurchases (32,353) (146,897)
Dividends paid on common stock (64,907) (42,175)
Stock options exercised 740 1,230
Net cash provided by financing activities 2,085,556 738,148
Net increase in cash and cash equivalents 3,782,935 310,211
Cash and cash equivalents at beginning of period 688,704 408,983
Cash and cash equivalents at end of period 4,471,639 719,194
Cash paid for:    
Interest 73,525 65,237
Income taxes 62,555 31,928
Initial measurement and recognition of operating lease assets in exchange for lease liabilities per ASU 2016-02   82,160
Recognition of operating lease assets in exchange for lease liabilities 7,054 10,239
Acquisitions:    
Fair value of tangible assets acquired 18,937,418  
Other intangible assets acquired 140,862  
Liabilities assumed 17,380,016  
Net identifiable assets acquired over liabilities assumed 563,625  
Common stock issued in acquisition 2,246,327  
Real estate acquired in full or in partial settlement of loans $ 4,262 $ 9,610