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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 263,373 $ 219,504
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,864 32,954
Provision for credit losses 71,480 10,837
Deferred income taxes 19,990 91,013
Gains on sale of securities, net (45)  
Share-based compensation expense 19,129 17,799
Accretion of discount related to acquired loans (12,878) (19,511)
(Gains) losses on disposal of premises and equipment (89) 778
Gains on sale of bank properties held for sale and repossessed real estate (1,430) (871)
Net amortization of premiums on investment securities 10,197 14,884
Bank properties held for sale and repossessed real estate write downs 1,231 176
Fair value adjustment for loans held for sale (66) 5,456
Originations and purchases of loans held for sale (422,596) (1,038,147)
Proceeds from sales of loans held for sale 411,489 1,146,583
(Gains) losses on sales of loans held for sale (2,810) 3,951
Increase in cash surrender value of BOLI (12,135) (11,106)
Net change in:    
Accrued interest receivable (2,636) (8,230)
Prepaid assets (829) 2,019
Operating leases 196 195
Bank owned life insurance (976) (423)
Trading securities (25,317) (10,399)
Derivative assets 36,536 291,514
Miscellaneous other assets 4,258 (37,918)
Accrued interest payable 25,573 583
Accrued income taxes (9,601) (56,183)
Derivative liabilities (58,426) 374,241
Miscellaneous other liabilities 28,174 (63,243)
Net cash provided by operating activities 371,656 966,456
Cash flows from investing activities:    
Proceeds from sales of investment securities available for sale 125,298 415,503
Proceeds from maturities and calls of investment securities held to maturity 95,566 109,776
Proceeds from maturities and calls of investment securities available for sale 255,808 326,323
Proceeds from sales and redemptions of other investment securities 146,625 13,216
Purchases of investment securities available for sale (3,174) (1,157,493)
Purchases of investment securities held to maturity   (1,099,691)
Purchases of other investment securities (163,636) (20,446)
Net increase in loans (1,361,435) (1,616,946)
Net cash received from acquisitions   250,115
Recoveries of loans previously charged off 7,858 6,980
Purchase of bank owned life insurance (5,966) (85,966)
Purchases of premises and equipment (15,034) (9,102)
Proceeds from redemption and payout of bank owned life insurance policies 4,292 1,188
Proceeds from sale of bank properties held for sale and repossessed real estate 7,610 8,297
Proceeds from sale of premises and equipment 675 511
Net cash used in investing activities (905,513) (2,857,735)
Cash flows from financing activities:    
Net increase in deposits 392,123 302,826
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings 25,029 (111,240)
Proceeds from FHLB borrowings 4,850,000  
Repayment of FHLB borrowings (4,450,000) (13,000)
Common stock issuance 647 705
Common stock repurchases (7,022) (118,383)
Dividends paid (76,907) (70,931)
Stock options exercised 1,173 737
Net cash provided by (used in) financing activities 735,043 (9,286)
Net increase (decrease) in cash and cash equivalents 201,186 (1,900,565)
Cash and cash equivalents at beginning of period 1,312,563 6,721,571
Cash and cash equivalents at end of period 1,513,749 4,821,006
Cash paid for:    
Interest 159,883 19,788
Income taxes 62,170 28,332
Recognition of operating lease assets in exchange for lease liabilities   12,616
Acquisitions:    
Fair value of tangible assets acquired   3,501,273
Other intangible assets acquired   20,791
Liabilities assumed   3,205,694
Net identifiable assets acquired over liabilities assumed   341,440
Common stock issued in acquisition   659,772
Real estate acquired in full or in partial settlement of loans $ 3,186 $ 1,151