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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net income $ 95,289 $ 75,109
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 21,795 48,773
Depreciation, amortization, and accretion, net 26,342 32,520
Deferred income tax expense 49,891 40,456
Decrease in interest receivable 4,263 4,476
Decrease in interest payable (1,515) (2,880)
(Increase) decrease in trading account assets (14,205) 33
Originations of mortgage loans held for sale (347,327) (539,281)
Proceeds from sales of mortgage loans held for sale 323,940 627,950
Gains on sales of mortgage loans held for sale (5,493) (11,168)
(Increase) decrease in fair value of mortgage loans held for sale (1,782) 7,930
(Increase) decrease in other assets (13,247) 26,014
Decrease in accrued salaries and benefits (5,210) (15,480)
Increase (decrease) in other liabilities 7,928 (12,635)
Investment securities gains, net (1,331) (1,448)
Losses on sales of other loans held for sale, net 2,226 79
Losses and write-downs on other real estate, net 8,229 14,314
Decrease in fair value of private equity investments, net 369 1,140
Increase in accrual for Visa indemnification 752 801
Share-based compensation expense 4,698 3,350
Write-downs on other assets held for sale 7,508 170
Gain on sale of Memphis branches, net (5,789) 0
Gain on sale of branch property (3,116) 0
Other, net 0 (581)
Net cash provided by operating activities 154,215 299,642
Investing Activities    
Net cash (used) received in dispositions/acquisitions (90,571) 56,328
Net decrease in interest earning deposits with banks 16,664 1,377
Net decrease in federal funds sold and securities purchased under resale agreements 1,422 24,881
Net (increase) decrease in interest bearing funds with Federal Reserve Bank (44,756) 39,139
Proceeds from maturities and principal collections of investment securities available for sale 245,108 392,737
Proceeds from sales of investment securities available for sale 20,815 347,386
Purchases of investment securities available for sale (111,505) (925,603)
Proceeds from sales of loans 36,530 82,753
Proceeds from sale of other real estate 28,147 49,535
Principal repayments by borrowers on other loans held for sale 770 334
Net increase in loans (594,896) (276,715)
Purchases of premises and equipment (28,776) (15,798)
Proceeds from disposals of premises and equipment 4,838 21
Proceeds from sale of other assets held for sale 241 918
Net cash used in investing activities (515,969) (222,707)
Financing Activities    
Net increase (decrease) in demand and savings deposits 208,039 (416,596)
Net increase in certificates of deposit 100,011 13,428
Net (decrease) increase in federal funds purchased and securities sold under repurchase agreements (20,292) 21,690
Principal repayments on long-term debt (625) (150,807)
Proceeds from issuance of long-term debt 224,958 311,732
Dividends paid to common shareholders (19,460) (16,981)
Dividends paid to preferred shareholders (5,119) (24,197)
Stock options exercised 1,304 134
Excess tax benefit from share-based compensation 201 0
Restricted stock activity (468) (1,481)
Net cash provided by (used in) financing activities 488,549 (263,078)
Increase (decrease) in cash and cash equivalents 126,795 (186,143)
Cash and cash equivalents at beginning of period 469,630 614,630
Cash and cash equivalents at end of period 596,425 428,487
Supplemental Cash Flow Information    
Income tax payments, net 4,530 1,437
Interest paid 56,657 62,763
Non-cash Investing Activities:    
Mortgage loans held for sale transferred to loans at fair value 89 14,471
Premises and equipment transferred to other assets held for sale 13,037 0
Loans foreclosed and transferred to other real estate 25,280 51,835
Loans transferred to other loans held for sale at fair value 31,605 87,189
Other loans held for sale transferred to loans at fair value 0 1,235
Other loans held for sale foreclosed and transferred to other real estate at fair value 0 1,395
Securities sold during the period but settled after period-end 0 (13,198)
Dispositions/Acquisitions:    
Fair value of non-cash assets (sold) acquired (100,982) 536
Fair value of liabilities (sold) assumed $ (191,553) $ 56,864