XML 24 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES      
Net income $ 400,313 $ 323,752 $ 225,482
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for loan and lease losses 28,468 25,692 32,941
Deferred tax expense (benefit) (13,377) 125,838 33,146
Change in current taxes payable 23,353 (10,616) (24,380)
Depreciation 96,781 90,804 88,777
Change in accrued interest payable (240) 155 (1,916)
Change in income earned not collected (10,785) (8,899) (7,805)
Gain on acquisitions 0 (134,745) (5,831)
Securities losses (gains) (351) (4,293) (26,673)
Marketable equity securities losses, net 7,610 0 0
Gain (Loss) on Contract Termination 0 45 3,377
Origination of loans held for sale (593,307) (622,503) (795,963)
Proceeds from sale of loans held for sale 608,549 660,808 797,123
Gain on sale of loans (11,210) (14,843) (15,795)
Gain (Loss) on Sale of Loans and Leases 0 (1,007) (3,758)
Loss on sale of other real estate 4,390 4,460 6,201
Gain (Loss) on Disposition of Property Plant Equipment 2,452 (524) 0
Gain on extinguishment of debt (26,553) (919) (1,717)
Net amortization of premiums and discounts (36,567) (40,028) (44,618)
Amortization of intangible assets 23,648 22,842 21,808
FDIC payable for loss share agreements 4,276 4,334 (11,245)
Originations of mortgage servicing rights (5,258) (7,178) (5,931)
Net change in other assets 304,503 (31,978) (7,197)
Net change in other liabilities (40,895) (25,939) (25,520)
Net cash provided by operating activities 765,800 355,258 230,506
INVESTING ACTIVITIES      
Net change in loans outstanding (1,023,885) (1,213,686) (1,214,433)
Purchases of investment securities available for sale (1,451,287) (3,648,312) (4,086,855)
Purchases of investment securities held to maturity (97,827) 0 0
Purchases of marketable equity securities (2,818) 0 0
Proceeds from maturities of investment securities held to maturity 296,632 22 157
Proceeds from maturities of investment securities available for sale 1,564,730 1,842,563 2,149,130
Proceeds from sales of investment securities available for sale 151,754 1,345,746 1,829,305
Proceeds from sales of marketable equity securities 9,528 0 0
Net change in overnight investments 601,979 586,279 233,433
Cash (paid to) received from the FDIC for loss share agreements (3,567) (7,440) (21,059)
Net Payment to the FDIC for Termination of Loss Share Agreements 0 (285) (20,115)
Proceeds from Sale of Other Real Estate 28,128 40,709 34,944
Proceeds from Sale of Property, Plant, and Equipment 1,721 3,061 0
Proceeds from sale of portfolio loans 9,591 162,649 77,665
Additions to premises and equipment (140,444) (84,798) (81,841)
Business acquisitions, net of cash acquired (155,126) 304,820 (727)
Net cash (used) provided by investing activities (210,891) (668,672) (1,100,396)
FINANCING ACTIVITIES      
Net change in time deposits 33,023 (538,250) (505,548)
Net change in demand and other interest-bearing deposits 457,196 539,120 1,287,856
Net decrease in short-term borrowings (246,517) (44,680) (33,072)
Repayment of long-term obligations (752,447) (6,955) (9,279)
Origination of long-term obligations 125,000 175,000 150,000
Repurchase of common stock (163,095) 0 0
Cash dividends paid (16,779) (14,412) (14,412)
Net cash provided (used) by financing activities (563,619) 109,823 875,545
Change in cash and due from banks (8,710) (203,591) 5,655
Cash and due from banks at beginning of period 336,150 539,741 534,086
Cash and due from banks at end of period 327,440 336,150 539,741
CASH PAYMENTS FOR:      
Interest 37,097 43,639 44,998
Income taxes 73,806 88,565 108,741
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Transfers of loans to other real estate 23,375 34,980 35,272
Dividends declared but not paid 4,668 4,204 0
Reclassification of portfolio loans (from) to loans held for sale (2,433) 161,719 73,907
Transfer of investment securities available for sale to held to maturity 2,485,761 0 0
Transfer of investment securities available for sale to marketable equity securities 107,578 0 0
Premises and equipment acquired through capital leases and other financing arrangements 12,196 5,327 0
Transfers of premises and equipment to other real estate 1,622 0 0
Unsettled sales of investment securities 0 309,623 0
Unsettled common stock repurchases $ (2,243) $ 0 $ 0