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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Cash flows from operating activities:    
Goodwill impairment $ 1,376,736 $ 0
Net (loss) earnings (1,416,182) 374,104
Depreciation and amortization 40,295 40,181
Amortization of net premiums on investment securities 28,981 42,090
Amortization of intangible assets 7,189 10,947
Amortization of operating lease ROU assets 20,937 22,821
Provision for credit losses 5,000 14,500
Gain on sale of foreclosed assets (793) (3,353)
Provision for losses on foreclosed assets 701 0
Loss (gain) on sale of loans and leases 157,820 (130)
Gain on sale of premises and equipment (647) (3)
Loss on sale of securities 0 1,019
Gain on BOLI death benefit (416) 0
Unrealized loss (gain) on derivatives, foreign currencies, and credit-linked notes, net 4,026 (1,961)
LOCOM HFS Adjustment 11,636 0
Earned stock compensation 14,174 26,906
Business Combination, Integration Related Costs 70 0
(Increase) decrease in other assets (166,765) 1,445
Increase (decrease) in accrued interest payable and other liabilities 33,857 (29,471)
Net cash provided by operating activities 116,619 499,095
Cash flows from investing activities:    
Net decrease (increase) in loans and leases 388,035 (4,800,187)
Proceeds from sales of loans and leases 5,946,033 60,782
Proceeds from maturities and paydowns of securities available-for-sale 203,958 569,409
Proceeds from sales of securities available-for-sale 0 1,038,946
Purchases of securities available-for-sale (12,752) (375,251)
Proceeds from maturities and paydowns of securities held-to-maturity 1,061 571
Net redemptions (purchases) of Federal Home Loan Bank stock 17,040 (19,740)
Proceeds from sales of foreclosed assets 14,235 16,500
Purchases of premises and equipment, net (12,106) (13,075)
Proceeds from sales of premises and equipment 9,018 9
Proceeds from BOLI death benefit 3,567 555
Net decrease (increase) in equipment leased to others under operating leases 25,151 (26,557)
Net cash provided by (used in) investing activities 6,583,240 (3,548,038)
Cash flows from financing activities:    
Net decrease in noninterest-bearing deposits (5,633,324) (1,767,377)
Net (decrease) increase in interest-bearing deposits (1,704,329) 965,492
Proceeds from (Repayments of) Debt 4,533,706 1,864,815
Net proceeds from preferred stock offering 0 498,516
Restricted stock surrendered (5,266) (9,430)
Preferred stock dividends paid (29,841) (9,392)
Common stock dividends paid (31,360) (90,207)
Net cash (used in) provided by financing activities (2,870,414) 1,452,417
Net increase (decrease) in cash, cash equivalents, and restricted cash 3,829,445 (1,596,526)
Cash, cash equivalents, and restricted cash, beginning of period 2,240,222 4,057,234
Cash, cash equivalents, and restricted cash, end of period 6,069,667 2,460,708
Supplemental disclosures of cash flow information:    
Cash paid for interest 715,421 101,613
Cash paid for income taxes 1,095 90,756
Loans transferred to foreclosed assets 15,950 3,271
Transfer of Portfolio Loans and Leases to Held-for-sale 3,076,427 15,534
Loan, Transfer from Held-for-Sale to Held-in-Portfolio 394,716 0
Liabilities 34,478,556  
Transfer of securities available-for-sale to held-to-maturity $ 0 $ 2,260,407