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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income $ 547,459 $ 491,723 $ 457,371
Adjustments to reconcile net income to cash provided by operating activities:      
(Benefit) provision for credit losses (36,835) 58,352 31,441
Deferred tax expense (benefit) (7,586) (25,535) 54,598
Change in current taxes payable (731,741) (5,894) (19,564)
Depreciation 106,585 108,641 103,828
Change in accrued interest payable (1,493) (8,683) 14,412
Change in income earned not collected 11,457 (21,982) (4,151)
Gain on acquisitions (32) (100,000) (3,592)
Realized gains on investment securities available for sale, net (33,119) (60,253) (7,115)
Marketable equity securities gains, net (34,081) (29,395) (20,625)
Origination of loans held for sale (1,123,312) (1,042,292) (698,044)
Proceeds from sale of loans held for sale 1,035,822 1,045,937 731,803
Gain on sale of loans (32,719) (37,594) (15,183)
Loss on sale of other real estate (1,207) 4,056 2,664
Net amortization of premiums and discounts 11,151 (8,513) (27,263)
Amortization of intangible assets 25,582 32,801 23,861
Net increase (decrease) in other liabilities (13,658) (12,149) (5,927)
Net change in other assets (12,910) (7,286) (24,274)
Net change in other liabilities 6,854 (6,115) (15,992)
Net cash provided by operating activities (283,783) 375,819 578,248
INVESTING ACTIVITIES      
Net change in loans outstanding 423,257 (3,850,129) (1,320,851)
Payments to Acquire Available-for-sale Securities (6,375,349) (8,667,406) (4,705,038)
Purchases of investment securities held to maturity (1,401,220) (1,633,165) (223,598)
Purchases of marketable equity securities (1,563) (333,140) (26,166)
Proceeds from maturities of investment securities held to maturity 809,421 301,347 341,077
Proceeds from maturities of investment securities available for sale 2,454,722 2,791,291 2,345,512
Proceeds from Sale of Available-for-sale Securities 1,366,909 4,585,002 2,308,856
Proceeds from sales of marketable equity securities 29,796 352,835 56,749
Net change in overnight investments (4,767,324) (3,204,363) (65,181)
Proceeds from sale of portfolio loans 0 13,368 24,247
Net Payment to the FDIC for Termination of Loss Share Agreements (16,103) (99,468) 0
Proceeds from Sale of Other Real Estate Held-for-investment 40,524 28,280 25,918
Proceeds from Sale of Property, Plant, and Equipment 1,194 1,369 132
Additions to premises and equipment (107,367) (133,384) (121,077)
Other investing activities (25,323) 0 0
Business acquisitions, net of cash acquired 0 (59,999) (236,728)
Net cash (used) provided by investing activities (7,568,426) (9,907,562) (1,596,148)
FINANCING ACTIVITIES      
Net change in time deposits (406,226) (1,010,190) 284,611
Net change in demand and other interest-bearing deposits 8,382,531 9,989,107 1,154,815
Net change in short-term borrowings (52,386) (96,746) (27,703)
Repayment of long-term obligations (54,332) (86,737) (73,284)
Origination of long-term obligations 0 400,000 200,000
Net proceeds from subordinated notes issuance 0 345,849 0
Net proceeds from preferred stock issuance 0 339,937 0
Repurchase of common stock 0 (333,755) (453,123)
Cash dividends paid (41,612) (30,393) (18,137)
Net cash provided (used) by financing activities 7,827,975 9,517,072 1,067,179
Change in cash and due from banks (24,234) (14,671) 49,279
Cash and due from banks at beginning of period 362,048 376,719 327,440
Cash and due from banks at end of period 337,814 362,048 376,719
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Interest 62,169 104,567 78,230
Income taxes 870,467 116,583 83,038
Premises and equipment acquired through finance leases and other financing arrangements 13,979 11,635 14,639
Dividends declared but not paid 0 4,613 4,256
Transfer of loans held for sale to loans held for investment 3,574 5,950 0
Loans held for sale exchanged for investment securities 230,537 11,137 0
Transfer of loans held for investment to loans held for sale 87,814 48,628 60,005
Transfer of investment securities available for sale to (from) held to maturity 451,684 1,460,745  
Transfer of investment securities available for sale to (from) held to maturity     (2,080,617)
Transfers of premises and equipment to other real estate $ 13,776 $ 15,187 $ 7,045