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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income $ 355,497 $ 310,840
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (credit) for loan and lease losses 23,714 16,883
Deferred tax expense (benefit) 43,939 13,642
Net change in current taxes (33,433) (21,266)
Depreciation 77,024 71,484
Net (decrease) increase in accrued interest payable 14,147 (1,552)
Net (increase) decrease in income earned not collected (3,567) (7,650)
Realized gains on investment securities available for sale, net (6,855) 0
Marketable equity securities gain (loss), net (13,505) (9,265)
Gain on extinguishment of debt 0 (26,517)
Origination of loans held for sale (518,894) (456,193)
Proceeds from sale of loans held for sale 490,261 468,705
Gain on sale of loans held for sale (10,308) (8,640)
Gain on sale of portfolio loans (299) 0
Net writedowns/losses on other real estate 1,924 3,156
(Gain) loss on sales of premises and equipment 1,082 1,480
Net accretion of premiums and discounts (29,737) (22,965)
Amortization of intangible assets 17,934 17,580
Net change in FDIC payable for shared-loss agreements 4,968 3,234
Net change in mortgage servicing rights (3,770) (4,026)
Net change in other assets 1,454 34,851
Net change in other liabilities (12,416) (53,708)
Net cash provided by operating activities 399,160 330,073
INVESTING ACTIVITIES    
Net increase in loans outstanding (629,705) (702,356)
Purchases of investment securities available for sale (3,706,949) (979,495)
Purchases of investment securities held to maturity (223,353) (68,699)
Purchases of marketable equity securities (23,238) (2,818)
Proceeds from maturities/calls of investment securities held to maturity 305,479 196,146
Proceeds from maturities/calls of investment securities available for sale 1,690,277 1,046,293
Proceeds from sales of investment securities available for sale 1,746,099 327,737
Proceeds from sales of marketable equity securities 12,739 9,503
Net decrease (increase) in overnight investments (150,006) 455,295
Proceeds from sales of portfolio loans 24,247 0
Proceeds from sales of other real estate 18,892 23,488
Proceeds from sales of premises and equipment 128 1,648
Purchases of premises and equipment (89,219) (91,200)
Business acquisitions, net of cash acquired (73,792) (106,298)
Net cash used in investing activities (1,098,401) 109,244
FINANCING ACTIVITIES    
Net decrease in time deposits 376,596 (218,826)
Net increase in demand and other interest-bearing deposits 701,426 496,499
Net decrease in short-term borrowings (138,741) (127,547)
Repayment of long-term obligations (43,545) (717,370)
Origination of long-term obligations 100,000 125,000
Repurchase of common stock (321,263) (58,086)
Cash dividends paid (13,739) (12,612)
Net cash (used in) provided by financing activities 660,734 (512,942)
Change in cash and due from banks (38,507) (73,625)
Cash and due from banks at beginning of period 327,440 336,150
Cash and due from banks at end of period 288,933 262,525
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of loans to other real estate 13,242 17,013
Dividends declared but not paid 4,397 4,168
Net reclassification of portfolio loans to (from) loans held for sale (22,758) 2,016
Transfers of premises and equipment to other real estate 2,184 0
Transfer of investment securities available for sale to held to maturity 0 2,485,761
Unsettled common stock repurchases 4,653 0
Initial recognition of operating lease assets 70,652 0
Initial recognition of operating lease liabilities $ 71,793 $ 0