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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 92,643 $ (3,439)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses (7,500) 88,000
Net amortization (accretion) of premiums and discounts from acquisition 117 (275)
Depreciation and amortization 14,042 15,591
Amortization of debt issuance costs 113  
Deferred income tax expense (benefit) 10,246 (11,134)
Net increase in trading securities and other earning assets (9,350) (15,559)
Losses (gains) on investment securities, net 8,336 (3,520)
Gains on sales of assets (4,298) (1,922)
Amortization of securities premiums, net of discount accretion 14,876 8,792
Originations of loans held for sale (45,128) (77,129)
Gains on sales of loans held for sale, net (1,602) (320)
Proceeds from sales of loans held for sale 43,163 75,667
Equity-based compensation 5,152 3,410
Net tax benefit related to equity compensation plans 1,079 312
Changes in:    
Accrued income 4,156 12,629
Accrued expenses and taxes (88,201) (2,803)
Other assets and liabilities, net 78,096 (79,008)
Net cash provided by operating activities 115,940 9,292
Securities held to maturity:    
Maturities, calls and principal repayments 49,520 19,497
Purchases (77,576) (17,555)
Securities available for sale:    
Sales 129,128 84,439
Maturities, calls and principal repayments 520,441 310,159
Purchases (1,322,855) (421,966)
Equity securities with readily determinable fair values:    
Purchases (226)  
Equity securities without readily determinable fair values:    
Maturities, calls and principal repayments 2,177 3,725
Purchases (7,144) (1,081)
Payment on low-income housing tax credit investment commitments (1,173) (4,039)
Net increase in loans (398,795) (525,091)
Net decrease in fed funds sold and resell agreements 20,522 793,595
Net cash activity from acquisitions and divestitures 16,623 24
Net increase in interest-bearing balances due from other financial institutions (11,347) (1,274)
Purchases of premises and equipment (5,958) (17,652)
Proceeds from sales of premises and equipment 73 8,389
Proceeds from bank-owned and company-owned life insurance death benefit   19
Net cash (used in) provided by investing activities (1,086,590) 231,189
FINANCING ACTIVITIES    
Net increase (decrease) in demand and savings deposits 1,441,071 (186,380)
Net decrease in time deposits (211,530) (241,344)
Net increase (decrease) in fed funds purchased and repurchase agreements 444,321 (5,591)
Proceeds from short-term debt   15,000
Cash dividends paid (15,456) (15,150)
Proceeds from exercise of stock options and sales of treasury shares 12,237 2,454
Purchases of treasury stock (4,027) (59,386)
Net cash provided by (used in) financing activities 1,666,616 (490,397)
Increase (decrease) in cash and cash equivalents 695,966 (249,916)
Cash and cash equivalents at beginning of period 3,497,566 1,669,170
Cash and cash equivalents at end of period 4,193,532 1,419,254
Supplemental disclosures:    
Income tax payments (refunds) 622 (1,530)
Total interest payments $ 14,337 42,134
Noncash disclosures:    
Acquisition of low-income housing tax credit investments   27,834
Commitment to fund low-income housing tax credit investments   $ 27,834