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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 368,697 $ 34,396
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,104 31,471
Provision (recovery) for credit losses (156,116) 217,804
Deferred income taxes 106,696 (31,577)
Gains on sale of securities, net (100) (15)
Share-based compensation expense 19,195 18,694
Accretion of discount related to acquired loans (21,951) (43,484)
Extinguishment of debt cost 11,706  
Losses (gains) on disposal of premises and equipment 749 (514)
Gains on sale of bank properties held for sale and repossessed real estate (1,767) (21)
Net amortization of premiums on investment securities 28,994 13,318
Bank properties held for sale and repossessed real estate write downs 1,741 770
Fair value adjustment for loans held for sale 5,586 (5,125)
Originations and purchases of loans held for sale (2,319,690) (1,943,097)
Proceeds from sales of loans held for sale 2,425,783 2,079,830
Gains on sales of loans held for sale (64,025) (74,808)
Increase in cash surrender value of BOLI (13,289) (6,830)
Net change in:    
Accrued interest receivable 13,629 (21,717)
Prepaid assets (2,113) (8,939)
Operating leases 1,943 6,037
Bank owned life insurance (202) (1,231)
Trading securities (18,759)  
Derivative assets 324,814 (40,330)
Miscellaneous other assets (305,354) 42,018
Accrued interest payable (575) 678
Accrued income taxes (117,138) (30,106)
Derivative liabilities (319,824) 60,536
Miscellaneous other liabilities 412,277 58,345
Net cash provided by operating activities 428,011 356,103
Cash flows from investing activities:    
Proceeds from sales of investment securities available for sale 150,602 23,540
Proceeds from maturities and calls of investment securities held to maturity 67,117  
Proceeds from maturities and calls of investment securities available for sale 616,178 705,381
Proceeds from sales and redemptions of other investment securities 1,533 42,034
Purchases of investment securities available for sale (2,155,507) (1,201,855)
Purchases of investment securities held to maturity (757,228)  
Purchases of other investment securities (1,683) (80,513)
Net decrease (increase) in loans 881,736 (737,130)
Net cash (paid in) received from acquisitions (39,929)  
Net cash (paid in) received from acquisitions   2,566,376
Recoveries of loans previously charged off 10,744 8,287
Purchase of bank owned life insurance (206,000)  
Purchases of premises and equipment (25,405) (13,009)
Proceeds from redemption and payout of bank owned life insurance policies 307 19,207
Proceeds from sale of bank properties held for sale and repossessed real estate 33,003 8,254
Proceeds from sale of premises and equipment 3,909 704
Net cash (used in) provided by investing activities (1,420,623) 1,341,276
Cash flows from financing activities:    
Net increase in deposits 2,872,210 2,174,838
Net increase in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings 80,070 6,436
Proceeds from borrowings 25,000 500,000
Repayment of borrowings (100,878) (500,005)
Common stock issuance 1,151 807
Common stock repurchases (97,149) (32,353)
Dividends paid (101,104) (64,907)
Stock options exercised 2,380 740
Net cash provided by financing activities 2,681,680 2,085,556
Net increase in cash and cash equivalents 1,689,068 3,782,935
Cash and cash equivalents at beginning of period 4,609,255 688,704
Cash and cash equivalents at end of period 6,298,323 4,471,639
Cash paid for:    
Interest 42,925 73,525
Income taxes 115,034 62,555
Recognition of operating lease assets in exchange for lease liabilities 5,494 7,054
Acquisitions:    
Fair value of tangible assets acquired 34,838 18,937,418
Other intangible assets acquired   140,862
Liabilities assumed 2,343 17,380,016
Net identifiable assets acquired over liabilities assumed 15,816 563,625
Common stock issued in acquisition   2,246,327
Real estate acquired in full or in partial settlement of loans $ 2,516 $ 4,262