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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income $ 303,202 $ 284,757 $ 266,400
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 19,963 23,076 39,765
Net amortization of debt securities 29,587 47,299 16,893
Net amortization of purchase accounting adjustments and deferred loan fees and costs 2,789 (17,881) (57,627)
Origination of loans held for sale (743,212) (1,550,787) (2,070,843)
Proceeds from loans held for sale 844,940 1,797,566 2,093,549
Gain on sale of loans (20,032) (63,063) (99,450)
(Gain) loss on sale of debt securities (620) 638 (1,139)
Bank-owned life insurance income, net (3,579) (2,873) (2,724)
Stock-based compensation, net of tax benefits 5,366 4,349 3,629
Depreciation and amortization of premises and equipment 25,830 21,768 20,420
(Gain) loss on sale and write-downs of other real estate owned, net (121) (105) 139
Deferred tax expense (benefit) 2,177 (9,095) (6,863)
Amortization of core deposit intangibles 10,658 10,271 10,370
Amortization of investments in variable interest entities 16,640 13,457 11,282
Net (increase) decrease in accrued interest receivable (6,865) 5,118 (17,663)
Net (increase) decrease in other assets (25,807) 8,188 (20,926)
Net increase (decrease) in accrued interest payable 1,922 (1,222) (1,507)
Net increase in other liabilities 7,822 588 5,840
Net cash provided by operating activities 470,660 572,049 189,545
Investing Activities      
Sales of available-for-sale debt securities 326,302 0 0
Maturities, prepayments and calls of available-for-sale debt securities 1,101,420 1,453,049 758,879
Purchases of available-for-sale debt securities (471,581) (6,315,164) (3,254,912)
Maturities, prepayments and calls of held-to-maturity debt securities 211,700 48,955 32,735
Purchases of held-to-maturity debt securities (523,060) (222,695) 0
Principal collected on loans 5,432,753 6,529,504 4,732,941
Loan originations (7,296,411) (7,000,632) (5,864,038)
Net additions to premises and equipment (23,238) (9,436) (11,717)
Proceeds from sale of other real estate owned 1,014 3,313 5,572
Proceeds from redemption of non-marketable equity securities 366,467 4,218 76,618
Purchases of non-marketable equity securities (438,398) (2) (71,399)
Proceeds from bank-owned life insurance 2,217 2,112 0
Investments in variable interest entities (40,967) (22,640) (12,088)
Net cash received from acquisitions 0 1,622,717 43,713
Net cash used in investing activities (1,351,782) (3,906,701) (3,563,696)
Financing Activities      
Net (decrease) increase in deposits (729,707) 3,266,304 3,418,199
Net (decrease) increase in securities sold under agreements to repurchase (74,878) 16,211 427,510
Net increase (decrease) in short-term Federal Home Loan Bank advances 1,800,000 0 (30,000)
Proceeds from long-term Federal Home Loan Bank advances 0 0 30,000
Repayments of long-term Federal Home Loan Bank advances 0 0 (38,589)
Net decrease in other borrowed funds 9,120 3,526 564
Cash dividends paid (157,540) (145,557) (131,263)
Tax withholding payments for stock-based compensation (1,704) (1,553) (1,082)
Proceeds from stock option exercises 140 265 993
Net cash provided by financing activities 845,431 3,139,196 3,676,332
Net (decrease) increase in cash, cash equivalents and restricted cash (35,691) (195,456) 302,181
Cash, cash equivalents and restricted cash at beginning of period 437,686 633,142 330,961
Cash, cash equivalents and restricted cash at end of period 401,995 437,686 633,142
Supplemental Disclosure of Cash Flow Information      
Cash paid during the period for interest 39,339 19,779 28,822
Cash paid during the period for income taxes 55,197 67,306 63,021
Supplemental Disclosure of Non-Cash Investing Activities      
Transfer of debt securities from held-to-maturity to available-for-sale 2,154,475 844,020 0
Sale and refinancing of other real estate owned 0 0 215
Transfer of loans to other real estate owned 907 1,482 2,076
Right-of-use assets obtained in exchange for new lease liabilities 25,048 801 7,406
Dividends declared during the period but not paid 346 11,352 14,572
Acquisitions      
Fair value of common stock shares issued 0 839,853 112,133
Cash consideration 0 9 13,721
Fair value of assets acquired 0 4,131,662 745,420
Liabilities assumed $ 0 $ 3,291,800 $ 619,566