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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income $ 384,155 $ 370,249 $ 142,413
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 16,360 (7,534) (4,113)
Provision for credit losses 41,657 40,385 51,708
Share-based compensation expense - equity awards 24,584 20,278 16,436
(Gain) loss on sale of OREO and long-lived assets, net of impairment (1,740) 4,429 1,581
Loss on sale of securities available-for-sale 979 49,900 148
Gain on early termination of FDIC loss share agreements 0 (2,708) 0
Cash paid for early termination of FDIC loss share agreements 0 (5,637) 0
Deferred income tax expense 30,703 153,518 71,257
Originations of mortgage loans held for sale (1,967,532) (1,469,847) (1,844,358)
Proceeds from sales of mortgage loans held for sale 1,933,973 1,543,724 1,922,003
Realized and unrealized gain on mortgage loans held for sale, net (64,825) (45,338) (62,438)
Other operating activities, net 180,506 (204,998) (30,991)
Net Cash Provided by Operating Activities 578,820 446,421 263,646
Cash Flows from Investing Activities      
Proceeds from sales of securities available-for-sale 299,513 1,035,482 682,349
Proceeds from maturities, prepayments and calls of securities available-for-sale 845,726 635,183 568,250
Purchases of securities available-for-sale, net of securities available-for-sale acquired (210,237) (1,959,952) (1,475,008)
Proceeds from maturities, prepayments and calls of securities held to maturity 21,727 16,841 8,687
Purchases of held to maturity securities 0 0 (148,234)
Purchases of equity securities, net of equity securities acquired (15,154) (30,904) (71,684)
Proceeds from sales of equity securities 43,284 88,200 21,532
Increase in loans, net of loans acquired (1,477,677) (949,953) (976,488)
Proceeds from sales of premises and equipment 11,806 6,374 354
Purchases of premises and equipment, net of premises and equipment acquired (35,000) (13,730) (37,763)
Proceeds from dispositions of OREO 13,136 15,810 25,624
Cash paid for additional investment in tax credit entities (11,414) (18,818) (16,401)
Cash received (paid) for acquisition of a business, net of cash paid 0 99,318 (490,435)
Purchase of bank owned life insurance policies 0 (50,000) 0
Other investing activities, net 1,000 343 636
Net Cash Used in Investing Activities (513,290) (1,125,806) (1,908,581)
Cash Flows from Financing Activities      
Increase (decrease) in deposits, net of deposits acquired 1,455,918 1,232,603 (323,257)
Net change in short-term borrowings, net of borrowings acquired (1,278,674) 491,585 (38,377)
Proceeds from long-term debt, net of long-term debt acquired 500,000 937,917 964,974
Repayments of long-term debt (321,987) (1,672,033) (97,259)
Cash dividends paid on common stock (92,190) (84,782) (72,772)
Cash dividends paid on preferred stock (12,602) (9,095) (9,095)
Shares Issued, Value, Share-based Payment Arrangement, before Forfeiture (3,373) (3,226) (832)
Payments to repurchase common stock (204,740) (148,855) 0
Net proceeds from issuance of common stock 0 0 485,151
Net proceeds from issuance of preferred stock 96,388 0 0
Net Cash Provided by Financing Activities 138,740 744,114 908,533
Net Increase (Decrease) In Cash and Cash Equivalents 204,270 64,729 (736,402)
Cash and Cash Equivalents at Beginning of Period 690,453 625,724 1,362,126
Cash and Cash Equivalents at End of Period 894,723 690,453 625,724
Supplemental Schedule of Non-cash Activities      
Acquisition of real estate in settlement of loans 10,847 12,557 18,170
Common stock issued in acquisitions 0 214,659 211,043
Cash paid (received) for:      
Interest on deposits and borrowings, net of acquired 319,675 198,905 102,558
Income taxes, net $ (107,401) $ 34,313 $ 77,034