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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities              
Net income $ 87,154 $ 103,360 $ 86,824 $ 74,262 $ 190,514 $ 161,086  
Adjustments to reconcile net income to net cash provided by operating activities:              
Provision for credit losses 22,100   (2)   40,071 (3,992)  
Depreciation and amortization         22,914 22,741  
Change in MSRs valuation         (5,135) (19,400)  
Amortization of other intangible assets 2,203   2,203   4,405 4,405  
Amortization and accretion on earning assets, funding, and other, net         16,509 10,315  
Net amortization of tax credit investments         17,227 17,072  
(Gains) on sales of investment securities, net         0 (12)  
Asset losses (gains), net 299   (1,677)   35 (1,865)  
Loss on mortgage banking activities, net         1,389 3,036  
Mortgage loans originated and acquired for sale         (168,395) (403,951)  
Proceeds from sales of mortgage loans held for sale         151,167 500,410  
Changes in certain assets and liabilities:              
(Increase) in interest receivable         (14,736) (14,898)  
Increase in interest payable         44,367 1,501  
(Decrease) in expense payable         (40,882) (24,791)  
(Decrease) increase in net derivative position         (37,175) 231,332  
Net change in other assets and other liabilities         (43,503) 6,051  
Net cash provided by operating activities         178,771 489,039  
Cash flows from investing activities              
Net (increase) in loans         (1,054,924) (2,271,051)  
Purchases of:              
AFS securities         (948,326) (502,012)  
HTM securities         (41,524) (202,271)  
Federal Home Loan Bank and Federal Reserve Bank stocks and equity securities         (97,622) (70,239)  
Proceeds from:              
Sales of AFS securities         0 1,061  
Sale of Federal Home Loan Bank and Federal Reserve Bank stocks and equity securities         115,975 8  
Prepayments, calls, and maturities of AFS securities         172,680 296,179  
Prepayments, calls, and maturities of HTM securities         62,212 111,796  
Sales, prepayments, calls, and maturities of other assets         17,988 23,523  
Premises, equipment, and software, net of disposals         (29,663) (33,373)  
Net change in tax credit and alternative investments         (14,116) (34,186)  
Net cash (used in) investing activities         (1,817,320) (2,680,566)  
Cash flows from financing activities              
Net increase in deposits         2,378,308 110,280  
Net increase (decrease) in short-term funding         (264,684) 351,358  
Net increase (decrease) in short-term FHLB advances         (685,000) 2,045,000  
Repayment of long-term FHLB advances         (537) (408,870)  
Proceeds from long-term FHLB advances         115 916  
Proceeds from issuance of long-term funding         292,740 0  
(Repayment) proceeds of finance lease principal         (43) 348  
Proceeds from issuance of common stock for stock-based compensation plans         1,859 6,793  
Cash dividends on common stock         (64,009) (60,914)  
Cash dividends on preferred stock         (5,750) (5,750)  
Net cash provided by financing activities         1,646,755 2,033,084  
Net increase (decrease) in cash and cash equivalents         8,207 (158,444)  
Cash and cash equivalents at beginning of period   621,455   1,025,515 621,455 1,025,515 $ 1,025,515
Cash and cash equivalents at end of period(a) 629,662   867,071   629,662 867,071 621,455
Supplemental disclosures of cash flow information              
Cash paid for interest         347,202 33,533  
Cash paid for income and franchise taxes         58,985 2,432  
Loans and bank premises transferred to OREO         3,632 1,817  
Capitalized mortgage servicing rights         1,322 5,231 $ 7,279
Loans transferred into (from) held for sale from (into) portfolio, net         (840) 4,149  
Transfer of AFS securities to HTM securities         0 1,621,990  
Unsettled trades to purchase securities         0 1,450  
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge         9,651 0  
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (22,961)   0   (12,630) 0  
Performance/Service Based RSAs, RSA,              
Cash flows from financing activities              
Purchase of treasury stock, open market purchases         (6,246) (6,078)  
Retained Earnings [Member]              
Cash flows from operating activities              
Net income $ 87,154 $ 103,360 $ 86,824 $ 74,262 $ 190,514 $ 161,086