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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 $ 269,801 $ 164,089 $ 185,721
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion, net (2,063) (8,586) 23,952
(Release of) provision for credit losses (37,550) 80,434 13,150
Stock-based compensation 6,554 7,887 9,360
Deferred income tax expense 20,787 2,668 14,909
Securities (gains) losses, net (83) (748) 1,021
Gains from other loan sales, net (11,267) (5,420) (6,867)
Changes in assets and liabilities:      
Decrease (increase) in other assets and accrued interest receivable 53,416 (20,139) (45,789)
Decrease in accrued expenses and other liabilities (1,599) (14,783) (1,975)
Decrease (increase) in loans held for sale 61,324 (46,721) (39,549)
Net cash provided by operating activities 359,320 158,681 153,933
Debt securities held-to-maturity:      
Proceeds from maturities and calls 68,319 57,981 50,379
Purchases (806,405) (157,465) (59,629)
Debt securities available-for-sale and equity securities with readily determinable fair values:      
Proceeds from sales 288,986 40,625 352,106
Proceeds from maturities and calls 974,721 834,725 349,758
Purchases (2,587,420) (1,456,311) (294,245)
Payments for (Proceeds from) Loans and Leases 178,234 (1,069,089) (205,612)
Equity investments, outflows (15,595) (15,885) 0
Equity investments, inflows 8,481 401 0
Net cash received in (paid for) acquisitions 103,065 195,699 (19,545)
Purchases of premises and equipment (26,483) (18,462) (20,944)
Proceeds from sales of premises and equipment 4,247 903 6,595
Proceeds from sale of other real estate owned 3,290 1,074 2,439
Other investing outflows (610) 0 0
Other investing inflows 767 5,241 1,916
Net cash (used in) provided by investing activities (1,806,403) (1,580,563) 163,218
Financing activities:      
Net increase in deposits 2,353,451 2,534,471 151,401
Proceeds from Federal Home Loan Bank advances 10,000 5,000 1,625,000
Repayment of Federal Home Loan Bank advances (34,509) (134,121) (1,785,000)
Repayment of long-term debt (80,632) 0 (55,266)
Proceeds from issuance of long-term debt, net of issuance costs 0 98,552 0
Proceeds from issuance of common stock for dividend reinvestment and employee benefit plans 506 1,317 2,193
Proceeds from exercise of options and warrants 231 0 212
Cash paid for shares withheld to cover payroll taxes related to equity instruments (3,182) (3,119) (1,686)
Repurchase of common stock (15,101) (20,782) (13,020)
Proceeds from issuance of Series I preferred stock, net of issuance costs 0 96,422 0
Cash dividends on common stock (66,914) (58,912) (53,044)
Cash dividends on preferred stock (6,876) (3,533) 0
Net cash provided by (used in) financing activities 2,156,974 2,515,295 (129,210)
Net change in cash and cash equivalents 709,891 1,093,413 187,941
Cash and cash equivalents at beginning of year 1,608,619 515,206 327,265
Cash and cash equivalents at end of year $ 2,318,510 $ 1,608,619 $ 515,206