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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income $ 100,328 $ 97,577
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) credit losses 20,601 (1,222)
Depreciation 6,407 6,950
Amortization of discounts and premiums, net 6,384 1,195
Net gain on sales of securities (534) (5,409)
Gain on trading activity   (35)
Net loss on sales of loans 4 10
Stock-based compensation 8,251 7,910
Deferred tax expense 44,465 2,811
Changes in operating assets and liabilities:    
Increase in other assets (34,397) 15,797
Decrease in other liabilities (20,813) 32,818
Purchases of securities held for trading   (22,500)
Proceeds from sales of securities held for trading   22,535
Net cash provided by operating activities 130,696 158,437
Cash Flows from Investing Activities:    
Proceeds from repayment of securities available for sale 428,098 316,103
Proceeds from sales of securities available for sale 369,972 272,849
Purchase of securities available for sale (483,789) (655,425)
Redemption of Federal Home Loan Bank stock 72,567 58,643
Purchases of Federal Home Loan Bank stock (88,875) (2,250)
Proceeds from bank-owned life insurance, net 1,772 2,664
Proceeds from sales of loans 3,124 29,326
Purchases of loans (26,300)  
Other changes in loans, net (380,427) (391,409)
Purchase of premises and equipment, net (438) 1,946
Net cash provided by (used in) investing activities (104,296) (367,553)
Cash Flows from Financing Activities:    
Net increase in deposits 315,634 836,695
Net increase in short-term borrowed funds 1,350,000  
Proceeds from long-term borrowed funds 2,150,000 749,820
Repayments of long-term borrowed funds (3,125,000) (1,700,000)
Cash dividends paid on common stock (79,332) (79,340)
Cash dividends paid on preferred stock (8,207) (8,207)
Treasury stock repurchased (28,924) (67,125)
Payments relating to treasury shares received for restricted stock award tax payments (8,235) (7,663)
Net cash provided by (used in) financing activities 565,936 (275,820)
Net increase (decrease) in cash, cash equivalents, and restricted cash 592,336 (484,936)
Cash, cash equivalents, and restricted cash at beginning of period 741,870 1,474,955
Cash, cash equivalents, and restricted cash at end of period 1,334,206 990,019
Supplemental information:    
Cash paid for interest 202,459 187,890
Cash paid for income taxes 10,000 5,908
Non-cash investing and financing activities:    
Transfers to repossessed assets from loans 120 2,840
Operating lease liabilities arising from obtaining right-of-use assets as of January 1, 2019   324,360
Securitization of residential mortgage loans to mortgage-backed securities available for sale 26,300  
Transfer of loans from held for investment to held for sale 3,124 29,336
Dispositions of premises and equipment   1,245
Shares issued for restricted stock awards $ 22,198 $ 15,058