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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 173,532 $ 164,049 $ 160,316
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion expense 41,680 19,509 17,888
Cash received from (paid to) FDIC under loss share 584 1,730 720
Stock compensation expense 5,909 3,569 3,561
Provision (release) for loan losses (2,100) (6,250) (11,162)
Loss (gain) on sale of investment securities (3,499) 0 (9,641)
Loss on extinguishment of debt 0 0 10,554
Decrease (increase) in accrued interest receivable (3,974) 2,760 11,608
Decrease (increase) in FDIC loss share receivable 0 0 1,795
Decrease (increase) in federal and state income tax receivable 16,047 5,153 13,829
Decrease (increase) in cash surrender value of bank owned life insurance (6,498) (5,627) (2,496)
Gain on bank owned life insurance (6,805) 0 0
Net realized (gain) loss on sales of premises and equipment and real estate owned (1,673) (20,039) (18,887)
Decrease (increase) in other assets 7,974 (14,204) (29,220)
Increase (decrease) in accrued expenses and other liabilities (41,477) 71,071 (5,994)
Net cash provided (used) by operating activities 179,700 221,721 142,871
CASH FLOWS FROM INVESTING ACTIVITIES      
Origination of loans and principal repayments, net (896,450) (619,046) (551,168)
Loans purchased (72,856) (105,420) (279,936)
FHLB & FRB stock purchase (183,609) (36,347) (4,067)
FHLB & FRB stock redeemed 177,824 26,340 55,708
Available-for-sale securities purchased (76,367) (137,591) (315,114)
Principal payments and maturities of available-for-sale securities 367,713 537,255 721,951
Proceeds from sales of available-for-sale investment securities 362,829 50,741 246,826
Held-to-maturity securities purchased (466,058) 0 (259,489)
Principal payments and maturities of held-to-maturity securities 229,716 218,958 159,947
Proceeds from sales of real estate owned 16,248 61,132 74,895
Proceeds from settlements of bank owned life insurance 10,096 0 0
Purchase of bank owned life insurance 0 (100,000) (100,000)
Net cash received (paid) in business combinations (3,370) 0 0
Proceeds from sales of premises and equipment 5,209 14,685 6,397
Premises and equipment purchased and REO improvements (15,461) (41,771) (46,439)
Net cash provided (used) by investing activities (544,536) (131,064) (290,489)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in customer accounts 234,460 (30,775) (85,073)
Proceeds from borrowings 4,590,000 1,118,000 100,000
Repayments of borrowings (4,445,000) (868,000) (210,554)
Proceeds from exercise of common stock options and related tax benefit 7,238 9,283 2,070
Dividends paid on common stock (74,519) (49,926) (51,111)
Repurchase of warrants 0 (7,744) 0
Treasury stock purchased (98,374) (87,850) (126,728)
Increase (decrease) in advance payments by borrowers for taxes and insurance 13,733 (7,326) 21,220
Net cash provided (used) by financing activities 227,538 75,662 (350,176)
Increase (decrease) in cash and cash equivalents (137,298) 166,319 (497,794)
Cash and cash equivalents at beginning of year 450,368 284,049 781,843
Cash and cash equivalents at end of year 313,070 450,368 284,049
Non-cash investing activities      
Real estate acquired through foreclosure 3,266 12,697 28,735
Non-cash financing activities      
Stock issued upon exercise of warrants 7,632 0 0
Cash paid during the year for      
Interest 111,333 114,506 116,226
Income taxes $ 54,078 $ 68,507 $ 65,720