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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income $ 757,902 $ 760,467 $ 373,695
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (reversal of) credit losses 84,553 (106,251) 355,022
Depreciation, amortization, and accretion, net 69,172 113,552 69,625
Deferred income tax expense (benefit) 10,868 45,000 (86,192)
Originations of loans held for sale (3,352,235) (3,698,368) (3,466,170)
Proceeds from sales of loans held for sale 3,709,022 3,749,502 2,936,398
Gain on sales of loans held for sale, net (12,126) (42,513) (67,115)
(Increase) decrease in other assets (187,205) (34,293) (375,150)
Increase (decrease) in other liabilities 82,957 (21,674) 281,866
Investment securities (gains) losses, net 0 799 (78,931)
Share-based compensation expense 27,904 27,795 18,641
Other 677 0 55,343
Net cash provided by operating activities 1,191,489 794,016 17,032
Investing Activities      
Proceeds from maturities and principal collections of investment securities available for sale 1,973,990 3,051,158 2,291,536
Proceeds from sales of investment securities available for sale 0 565,400 2,649,686
Purchases of investment securities available for sale (2,287,318) (6,877,712) (6,036,179)
Proceeds from sales of loans 69,784 111,168 1,426,954
Purchases of loans (514,475) (1,624,182) (126,152)
Net (increase) decrease in loans (3,987,133) 373,964 (2,461,302)
Net (purchases) redemptions of Federal Reserve Bank stock 15,151 (1,220) (658)
Net (purchases) redemptions of Federal Home Loan Bank stock (163,531) (1,200) 129,710
Net (purchases) proceeds from settlement of bank-owned life insurance policies 9,271 19,045 (242,300)
Net increase in premises, equipment and software (30,105) (25,954) (30,102)
Other 58,884 25,367 45,834
Net cash used in investing activities (4,855,482) (4,384,166) (2,352,973)
Financing Activities      
Net increase (decrease) in deposits (531,490) 2,735,705 8,284,519
Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements (117,545) 36,211 62,232
Net increase (decrease) in other short-term borrowings 603,184 (7,520) (1,745,843)
Repayments and redemption of long-term debt (700,000) 0 (2,408,939)
Proceeds from long-term debt, net 3,622,892 0 1,445,492
Dividends paid to common shareholders (196,148) (194,677) (189,967)
Dividends paid to preferred shareholders (33,163) (33,163) (33,163)
Issuances, net of taxes paid, under equity compensation plans (2,823) 11,566 5,407
Repurchase of common stock (12,987) (199,932) (16,246)
Other 0 (1,104) (1,552)
Net cash provided by financing activities 2,631,920 2,347,086 5,401,940
Increase (decrease) in cash and cash equivalents including restricted cash (1,032,073) (1,243,064) 3,065,999
Cash, cash equivalents, and restricted cash at beginning of year 3,009,853 4,252,917 1,186,918
Cash, cash equivalents, and restricted cash at end of year 1,977,780 3,009,853 4,252,917
Supplemental Disclosures:      
Income taxes paid 175,680 204,214 110,828
Interest paid 242,040 132,923 319,282
Non-cash Activities:      
Loans foreclosed and transferred to other real estate 0 12,408 2,163
Loans transferred to (from) loans held for sale at fair value (14,480) (859) 49,821
Premises and equipment transferred to other assets held for sale $ 24,163 $ 33,379 $ 7,014