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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 274,237 $ 257,218
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 34,643 25,413
Depreciation, amortization and accretion 29,328 27,057
Provision for credit losses 15,627 10,069
Gain on mortgage loans sold, net (6,216) (20,366)
Investment losses (gains) on sales, net 61 (366)
Gain on other equity investments, net 8,379 10,397
Stock-based compensation expense 20,208 11,068
Deferred tax expense 2,807 4,427
Gains on dispositions of other real estate and other investments (20) (806)
Gain on remeasurement of previously held noncontrolling interest (5,500)  
Income from equity method investment (83,120) (61,021)
Dividends received from equity method investment 40,762 49,409
Excess tax benefit from stock compensation (2,921) (1,867)
Gain on commercial loans sold, net (1,679) (2,356)
Decrease in other assets 10,524 24,016
Decrease in other liabilities (98,201) (83,266)
Net cash provided by operating activities 200,179 287,163
Activities in securities available-for-sale:    
Purchases (597,249) (1,075,927)
Sales 2,866 2,240
Maturities, prepayments and calls 240,767 280,795
Activities in securities held-to-maturity:    
Purchases (578,716) 0
Maturities, prepayments and calls 34,324 23,300
Increase in securities purchased under agreements to resell (328,876) (500,000)
Increase in loans, net (2,899,140) (492,984)
Purchases of software, premises and equipment (23,065) (10,451)
Proceeds from sales of software, premises and equipment 292 281
Proceeds from sale of other real estate 320 4,183
Purchase of bank owned life insurance policies (75,000) 0
Proceeds from bank owned life insurance settlements 1,002 952
Proceeds from derivative instruments 0 99,710
Proceeds from sale (purchase) of FHLB stock (15,853)  
Proceeds from sale (purchase) of FHLB stock   10,329
Acquisition, net of cash acquired (30,415) 0
Increase in other investments (62,669) (19,239)
Net cash used in investing activities (4,331,412) (1,676,811)
Financing activities:    
Net increase in deposits 1,295,442 512,121
Net increase in securities sold under agreements to repurchase 47,026 49,497
Federal Home Loan Bank: Advances 400,000 0
Federal Home Loan Bank: Repayments/maturities 0 (200,000)
Repayments of other borrowings (29,547) 0
Principal payments of finance lease obligation (137) (128)
Issuance of common stock pursuant to RSU and PSU agreements, net of shares withheld for taxes (5,461) (3,764)
Exercise of common stock options, net of shares surrendered for taxes (4,079) (2,791)
Common stock dividends paid (34,041) (27,765)
Preferred stock dividends paid (7,596) (7,596)
Net cash provided by financing activities 1,661,607 319,574
Net decrease in cash, cash equivalents, and restricted cash (2,469,626) (1,070,074)
Cash, cash equivalents, and restricted cash, beginning of period 4,101,539 3,961,449
Cash, cash equivalents, and restricted cash, end of period 1,631,913 2,891,375
Commercial Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loans held-for-sale originated (274,755) (288,031)
Loans held-for-sale sold 268,218 295,743
Consumer Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loans held-for-sale originated (844,206) (1,117,635)
Loans held-for-sale sold $ 828,761 $ 1,168,854