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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 387,517 $ 352,547
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,365 48,765
Provision for credit losses 104,189 34,713
Deferred income taxes 72,680 123,905
Gains on sale of securities, net (45) (30)
Share-based compensation expense 28,484 28,311
Accretion of discount related to acquired loans (16,931) (29,061)
Losses on disposal of premises and equipment 27 3,483
Gains on sale of bank properties held for sale and repossessed real estate (1,454) (787)
Net amortization of premiums on investment securities 15,181 21,528
Bank properties held for sale and repossessed real estate write downs 1,525 226
Fair value adjustment for loans held for sale 508 7,604
Originations and purchases of loans held for sale (666,880) (1,273,659)
Proceeds from sales of loans held for sale 670,223 1,421,238
(Gains) losses on sales of loans held for sale (2,327) 2,062
Increase in cash surrender value of BOLI (18,573) (17,188)
Net change in:    
Accrued interest receivable (16,665) (22,788)
Prepaid assets (4,178) (1,180)
Operating leases 231 245
Bank owned life insurance (1,589) (423)
Trading securities (82,891) 25,749
Derivative assets (1,329) 205,641
Miscellaneous other assets (41,921) (6,642)
Accrued interest payable 38,945 2,745
Accrued income taxes (31,740) (54,219)
Derivative liabilities 217,735 790,388
Miscellaneous other liabilities 125,989 (86,653)
Net cash provided by operating activities 821,076 1,576,520
Cash flows from investing activities:    
Proceeds from sales of investment securities available for sale 125,298 482,028
Proceeds from maturities and calls of investment securities held to maturity 145,751 176,401
Proceeds from maturities and calls of investment securities available for sale 404,718 460,910
Proceeds from sales and redemptions of other investment securities 185,875 13,216
Purchases of investment securities available for sale (34,505) (1,366,327)
Purchases of investment securities held to maturity   (1,099,691)
Purchases of other investment securities (193,310) (20,387)
Net increase in loans (1,855,352) (2,516,308)
Net cash received from acquisitions   250,115
Recoveries of loans previously charged off 12,630 15,381
Purchase of bank owned life insurance (5,966) (85,966)
Purchases of premises and equipment (26,372) (13,781)
Proceeds from redemption and payout of bank owned life insurance policies 5,956 1,188
Proceeds from sale of bank properties held for sale and repossessed real estate 8,392 8,564
Proceeds from sale of premises and equipment 850 3,772
Net cash used in investing activities (1,226,035) (3,690,885)
Cash flows from financing activities:    
Net increase (decrease) in deposits 585,786 (1,221,468)
Net decrease in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings (43,113) (223,437)
Proceeds from FHLB borrowings 5,350,200  
Repayment of FHLB borrowings (5,350,200) (13,000)
Common stock issuance 1,356 1,444
Common stock repurchases (7,409) (119,261)
Dividends paid (116,479) (108,791)
Stock options exercised 1,392 1,516
Net cash provided by (used in) financing activities 421,533 (1,682,997)
Net increase (decrease) in cash and cash equivalents 16,574 (3,797,362)
Cash and cash equivalents at beginning of period 1,312,563 6,721,571
Cash and cash equivalents at end of period 1,329,137 2,924,209
Cash paid for:    
Interest 291,649 34,227
Income taxes 68,672 31,611
Recognition of operating lease assets in exchange for lease liabilities 701 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 $ 3,298 $ 1,151