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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net income $ 240,210 $ 132,135
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion, including amortization of purchase accounting adjustments and market value adjustments (1,644) 1,060
Provision for loan and lease losses 26,678 36,718
Share-based compensation cost - equity awards 15,144 11,499
Loss (gain) on sale of OREO and long-lived assets, net of impairment 6,831 675
Loss (gain) on sale of available for sale securities 56 183
(Gain) loss on early termination of FDIC loss share agreements (2,708) 0
Cash paid for early termination of FDIC loss share agreements (5,637) 0
Expense (benefit) for deferred income taxes 31,348 12,438
Originations of mortgage loans held for sale (1,139,117) (1,415,447)
Proceeds from sales of mortgage loans held for sale 1,260,962 1,475,038
Realized and unrealized (gain) loss on mortgage loans held for sale, net (35,244) (48,944)
Other operating activities, net (35,778) 14,062
Net Cash Provided by Operating Activities 361,101 219,417
Cash Flows from Investing Activities    
Proceeds from sales of available for sale securities 18,867 577,891
Proceeds from maturities, prepayments and calls of available for sale securities 493,095 410,419
Purchases of available for sale securities, net of available for sale securities acquired (711,258) (1,312,762)
Proceeds from maturities, prepayments and calls of held to maturity securities 11,464 6,714
Purchases of held to maturity securities 0 (94,179)
Purchases of equity securities, net of equity securities acquired (21,090) (40,749)
Proceeds from sales of equity securities 70,371 6,119
Increase in loans, net of loans acquired (767,715) (699,684)
Proceeds from sales of premises and equipment 5,698 2,750
Purchases of premises and equipment, net of premises and equipment acquired (11,575) (31,522)
Proceeds from dispositions of OREO 12,166 11,653
Cash paid for additional investment in tax credit entities (6,059) (7,160)
Cash received (paid) for acquisition of a business, net of cash paid 99,318 (490,509)
Purchase of bank owned life insurance policies (50,000) 0
Other investing activities, net 595 893
Net Cash Used in Investing Activities (856,123) (1,660,126)
Cash Flows from Financing Activities    
Increase (decrease) in deposits, net of deposits acquired 662,680 (456,350)
Net change in short-term borrowings, net of borrowings acquired 251,422 494,029
Proceeds from long-term debt, net of long-term debt acquired 927,884 516,620
Repayments of long-term debt (1,361,482) (17,342)
Cash dividends paid on common stock (62,937) (52,841)
Cash dividends paid on preferred stock (8,146) (8,146)
Net share-based compensation stock transactions (3,142) (1,922)
Payments to repurchase common stock (61,046) 0
Net proceeds from issuance of common stock 0 485,751
Net Cash Provided by Financing Activities 345,233 959,799
Net Increase (Decrease) In Cash and Cash Equivalents (149,789) (480,910)
Cash and Cash Equivalents at Beginning of Period 625,724 1,362,126
Cash and Cash Equivalents at End of Period 475,935 881,216
Supplemental Schedule of Non-cash Activities    
Acquisition of real estate in settlement of loans 13,066 6,873
Common stock issued in acquisitions 214,659 211,043
Cash paid for:    
Interest on deposits and borrowings, net of acquired 137,727 69,057
Income taxes, net $ 34,604 $ 67,434