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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Cash flows from operating activities:    
Net earnings (loss) $ 470,914 $ (1,354,404)
Goodwill impairment 0 1,470,000
Depreciation and amortization 38,311 33,303
Amortization of net premiums on securities available-for-sale 28,480 9,994
Amortization of intangible assets 8,858 11,581
Amortization of operating lease ROU assets 22,866 22,080
Provision for credit losses (156,000) 329,000
Gain on sale of foreclosed assets (135) (187)
Provision for losses on foreclosed assets 14 267
Gain on sale of loans and leases (1,561) (468)
(Gain) loss on sale of premises and equipment (5) 309
Gain on sale of securities (616) (13,167)
Gain on BOLI death benefit 491 0
Unrealized (gain) loss on derivatives and foreign currencies, net (804) 494
Earned stock compensation 23,907 19,847
Increase in other assets (1,516) (60,450)
Decrease in accrued interest payable and other liabilities (39,911) (125,262)
Net cash provided by operating activities 392,311 342,937
Cash flows from investing activities:    
Payments to Acquire Businesses, Gross (123,090) 0
Net increase in loans and leases (1,485,780) (269,253)
Proceeds from sales of loans and leases 128,541 6,536
Proceeds from maturities and paydowns of securities available-for-sale 628,988 292,769
Proceeds from sales of securities available-for-sale 121,351 167,267
Purchases of securities available-for-sale (4,921,557) (1,085,749)
Net redemptions of Federal Home Loan Bank stock 0 23,674
Proceeds from sales of foreclosed assets 1,846 983
Purchases of premises and equipment, net (15,078) (11,013)
Proceeds from sales of premises and equipment 95 4
Proceeds from BOLI death benefit 4,143 761
Net (increase) decrease in equipment leased to others under operating leases (16,346) 16,860
Net cash used in investing activities (5,676,887) (857,161)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 3,650,640 2,105,033
Net increase in interest-bearing deposits 1,931,049 2,629,213
Net decrease in borrowings (55,210) (1,699,008)
Common stock repurchased and restricted stock surrendered 394,308 0
Common stock repurchased and restricted stock surrendered (8,200) (75,132)
Cash dividends paid (89,474) (130,310)
Net cash provided by financing activities 5,823,113 2,829,796
Net increase in cash, cash equivalents, and restricted cash 538,537 2,315,572
Cash, cash equivalents, and restricted cash, beginning of period 3,160,661 637,624
Cash, cash equivalents, and restricted cash, end of period 3,699,198 2,953,196
Supplemental disclosures of cash flow information:    
Cash paid for interest 35,505 86,060
Cash paid for income taxes 94,770 92,953
Loans transferred to foreclosed assets 1,062 14,370
Transfers from loans held for investment to loans held for sale 25,554 $ 0
Liabilities $ 31,967,242