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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities:    
Net income $ 292,250 $ 261,580
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 31,800 32,000
Deferred tax expense 3,647 13,138
Depreciation and amortization 28,159 28,991
Amortization of premium/discount on earning assets and funding, net 36,667 38,905
Stock-based compensation 9,684 8,598
Gain on sale, net of write-down, on foreclosed and repossessed assets (827) (745)
Loss on sale, net of write-down, on premises and equipment 1,213 295
Increase in cash surrender value of life insurance policies (10,942) (10,921)
Gain from life insurance policies (4,626) (1,453)
Mortgage banking activities (3,829) (3,684)
Proceeds from sale of loans held for sale 129,700 147,105
Origination of loans held for sale (146,746) (141,699)
Net increase in right-of-use lease assets (4,274) 0
Net (increase) decrease in derivative contract assets net of liabilities (164,977) 130,250
Net increase in accrued interest receivable and other assets (25,803) (9,506)
Net (decrease) increase in accrued expenses and other liabilities (39,033) 3,529
Net cash provided by operating activities 132,063 496,383
Investing Activities:    
Purchases of available for sale investment securities (351,091) (760,575)
Proceeds from maturities and principal payments of available for sale investment securities 394,369 445,704
Purchases of held-to-maturity investment securities (1,289,977) (283,770)
Proceeds from maturities and principal payments of held-to-maturity investment securities 400,779 414,487
Net proceeds from Federal Home Loan Bank stock 32,302 17,826
Alternative investments (capital call) return of capital, net (4,040) 231
Net increase in loans (1,147,426) (826,400)
Proceeds from loans not originated for sale 20,542 674
Proceeds from life insurance policies 9,193 4,271
Proceeds from the sale of foreclosed and repossessed assets 10,901 7,046
Additions to premises and equipment (18,771) (25,481)
Net cash used for investing activities (1) (1,943,219) (1,005,987)
Financing Activities:    
Net increase in deposits 1,421,819 1,003,445
Proceeds from Federal Home Loan Bank advances 5,725,000 5,225,000
Repayments of Federal Home Loan Bank advances (6,158,959) (5,460,221)
Net decrease in securities sold under agreements to repurchase and other borrowings 628,818 (78,781)
Issuance of long-term debt 300,000 0
Debt issuance costs (3,642) 0
Dividends paid to common shareholders (103,971) (85,002)
Dividends paid to preferred shareholders (5,906) (5,906)
Exercise of stock options 621 2,110
Common stock repurchase program (13,003) (12,158)
Common shares purchased related to stock compensation plan activity (6,289) (13,689)
Net cash (used for) provided by financing activities 1,784,488 574,798
Net decrease in cash and due from banks (26,668) 65,194
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Beginning of Period 329,499 256,786
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents End of Period 302,831 321,980
Supplemental disclosure of cash flow information:    
Interest paid 151,859 104,861
Income taxes paid 90,574 51,237
Noncash investing and financing activities:    
Real Estate Owned, Transfer to Real Estate Owned 7,224 5,548
Transfer of loans from portfolio to loans-held-for-sale 15,968 482
Operating Lease, Right-of-Use Asset 161,730 0
Operating Lease, Liability $ 180,832 $ 0