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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Cash flows from operating activities:    
Net earnings $ 374,104 $ 470,914
Depreciation and amortization 40,181 38,311
Amortization of net premiums on investment securities 42,090 28,480
Amortization of intangible assets 10,947 8,858
Amortization of operating lease ROU assets 22,821 22,866
Provision for credit losses 14,500 (156,000)
Gain on sale of foreclosed assets (3,353) (135)
Provision for losses on foreclosed assets 0 14
Gain on sale of loans and leases (130) (1,561)
Gain on sale of premises and equipment (3) (5)
Loss (gain) on sale of securities 1,019 (616)
Gain on BOLI death benefit 0 (491)
Unrealized gain on derivatives and foreign currencies, net (1,961) (804)
Earned stock compensation 26,906 23,907
Decrease (increase) in other assets 1,445 (1,516)
Decrease in accrued interest payable and other liabilities (29,471) (39,911)
Net cash provided by operating activities 499,095 392,311
Cash flows from investing activities:    
Cash paid for acquisition, net 0 (123,090)
Net increase in loans and leases (4,800,187) (1,485,780)
Proceeds from sales of loans and leases 60,782 128,541
Proceeds from maturities and paydowns of securities available-for-sale 569,409 628,988
Proceeds from sales of securities available-for-sale 1,038,946 121,351
Purchases of securities available-for-sale (375,251) (4,921,557)
Proceeds from maturities and paydowns of securities held-to-maturity 571 0
Net purchases of Federal Home Loan Bank stock (19,740) 0
Proceeds from sales of foreclosed assets 16,500 1,846
Purchases of premises and equipment, net (13,075) (15,078)
Proceeds from sales of premises and equipment 9 95
Proceeds from BOLI death benefit 555 4,143
Net increase in equipment leased to others under operating leases (26,557) (16,346)
Net cash used in investing activities (3,548,038) (5,676,887)
Cash flows from financing activities:    
Net (decrease) increase in noninterest-bearing deposits (1,767,377) 3,650,640
Net increase in interest-bearing deposits 965,492 1,931,049
Net increase (decrease) in borrowings 1,864,815 (55,210)
Net proceeds from subordinated notes offering 0 394,308
Net proceeds from preferred stock offering 498,516 0
Restricted stock surrendered (9,430) (8,200)
Preferred stock dividends paid (9,392) 0
Common stock dividends paid (90,207) (89,474)
Net cash provided by financing activities 1,452,417 5,823,113
Net (decrease) increase in cash, cash equivalents, and restricted cash (1,596,526) 538,537
Cash, cash equivalents, and restricted cash, beginning of period 4,057,234 3,160,661
Cash, cash equivalents, and restricted cash, end of period 2,460,708 3,699,198
Supplemental disclosures of cash flow information:    
Cash paid for interest 101,613 35,505
Cash paid for income taxes 90,756 94,770
Loans transferred to foreclosed assets 3,271 1,062
Transfers from loans held for investment to loans held for sale 15,534 $ 25,554
Liabilities 37,528,647  
Assets 41,404,592  
Liabilities $ 37,528,647