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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 246,784 $ 226,082 $ 195,249
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 28,000 19,010 33,831
Depreciation, amortization, and accretion, net 58,228 56,741 54,952
Deferred income tax expense 128,837 121,904 102,020
(Increase) decrease in trading account assets (2,327) 8,766 (7,750)
Originations of mortgage loans held for sale (705,394) (790,625) (766,815)
Proceeds from sales of mortgage loans held for sale 724,712 807,906 761,979
Gain on sales of mortgage loans held for sale, net (13,780) (14,966) (12,357)
(Increase) decrease in other assets (23,568) 7,799 2,258
Decrease in other liabilities (4,239) (24,906) (8,990)
Investment securities gains, net (6,011) (2,769) (1,331)
Losses and write-downs on other real estate, net 10,174 17,619 22,085
Losses and write-downs on other assets held for sale, net 8,001 892 7,643
Loss on early extinguishment of debt, net 4,735 1,533 0
Share-based compensation expense 13,615 12,556 10,233
Gain on sale of Memphis branches, net 0 0 (5,789)
Net cash provided by operating activities 467,767 447,542 387,218
Investing Activities      
Net cash received (used) in acquisitions/dispositions 6,146 0 (90,571)
Net (increase) decrease in interest earning deposits with banks (1,335) (5,577) 12,515
Net decrease in federal funds sold and securities purchased under resale agreements 11,759 3,291 7,864
Net decrease (increase) in interest bearing funds with Federal Reserve Bank 302,797 (108,525) (76,834)
Proceeds from maturities and principal collections of investment securities available for sale 894,123 693,608 568,918
Proceeds from sales of investment securities available for sale 968,606 347,954 20,815
Purchases of investment securities available for sale (2,051,283) (1,634,531) (378,919)
Proceeds from sales of loans 15,046 28,762 65,205
Proceeds from sale of other real estate 30,762 47,137 63,768
Net increase in loans (1,129,422) (1,411,050) (1,326,596)
Purchase of Federal Reserve Bank capital stock (97,293) 0 0
Purchase of bank-owned life insurance policies (34,256) (45,000) 0
Net increase in premises and equipment (34,317) (28,381) (38,680)
Proceeds from sale of other assets held for sale 13,072 3,039 5,741
Net cash used in investing activities (1,105,595) (2,109,273) (1,166,774)
Financing Activities      
Net increase in demand and savings deposits 1,512,451 2,274,949 562,669
Net (decrease) increase in certificates of deposit (107,893) (565,315) 283,543
Net (decrease) increase in federal funds purchased and securities sold under repurchase agreements (17,326) 50,109 (21,216)
Repayments on long-term debt (2,263,688) (823,899) (400,781)
Proceeds from issuance of long-term debt 1,875,000 871,644 510,000
Dividends paid to common shareholders (59,425) (55,354) (42,805)
Dividends paid to preferred shareholders (10,238) (10,238) (10,238)
Stock options exercised 5,155 5,643 3,048
Repurchases and agreements to repurchase shares of common stock (263,084) (199,221) (88,113)
Restricted stock activity (5,041) (4,984) (692)
Net cash provided by financing activities 665,911 1,543,334 795,415
Increase (decrease) in cash and cash equivalents 28,083 (118,397) 15,859
Cash and cash equivalents at beginning of year 367,092 485,489 469,630
Cash and cash equivalents at end of year 395,175 367,092 485,489
Supplemental Cash Flow Information      
Income tax payments, net 9,340 10,514 5,971
Interest paid 123,560 115,795 109,549
Non-cash Activities:      
Mortgage loans held for sale transferred to loans at fair value 313 659 334
Loans foreclosed and transferred to other real estate 16,214 26,313 58,556
Premises and equipment transferred to other properties held for sale 25,231 2,340 16,613
Investment securities available for sale transferred to trading account assets at fair value 1,890 0 0
Securities purchased during the period but settled after period-end 0 0 25,938
Dispositions/Acquisitions:      
Fair value of non-cash assets acquired (sold) 408,054 0 (100,982)
Fair value of liabilities assumed (sold) 387,608 0 (191,553)
Fair value of common stock issued $ 26,592 $ 0 $ 0