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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income $ 167,684 $ 142,077
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 13,990 25,638
Depreciation, amortization, and accretion, net 42,725 39,524
Deferred income tax expense 93,198 74,940
Decrease (increase) in trading account assets 8,019 (6,592)
Originations of mortgage loans held for sale (656,987) (579,139)
Proceeds from sales of mortgage loans held for sale 658,787 561,796
Gain on sales of mortgage loans held for sale, net (12,531) (8,971)
(Increase) decrease in other assets (12,534) 816
(Decrease) increase in other liabilities (11,679) 20,131
Investment securities gains, net (2,710) (1,331)
Losses and write-downs on other real estate, net 14,864 16,734
Share-based compensation expense 9,462 7,453
Write-downs on other assets held for sale 1,043 7,608
Gain on sale of Memphis branches, net 0 (5,789)
Net cash provided by operating activities 313,331 294,895
Investing Activities    
Net cash used in dispositions 0 (90,571)
Net (increase) decrease in interest earning deposits with banks (9,360) 10,713
Net decrease in federal funds sold and securities purchased under resale agreements 3,378 10,057
Net increase in interest bearing funds with Federal Reserve Bank (116,278) (105,918)
Proceeds from maturities and principal collections of investment securities available for sale 517,077 417,704
Proceeds from sales of investment securities available for sale 82,156 20,815
Purchases of investment securities available for sale (1,048,048) (277,375)
Proceeds from sales of loans and principal repayments on other loans held for sale 28,045 44,771
Proceeds from sale of other real estate 30,124 49,754
Net increase in loans (839,971) (754,930)
Purchases of BOLI policies (45,000) 0
Net increase in premises and equipment (21,667) (31,221)
Proceeds from sale of other assets held for sale 2,304 507
Net cash used in investing activities (1,417,240) (705,694)
Financing Activities    
Net increase in demand and savings deposits 1,500,506 8,677
Net (decrease) increase in certificates of deposit (254,793) 295,687
Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements 8,559 (40,972)
Principal repayments on long-term debt (525,000) (800,667)
Proceeds from issuance of long-term debt 425,000 900,000
Dividends paid to common shareholders (39,736) (29,194)
Dividends paid to preferred shareholders (7,678) (7,678)
Stock options exercised 4,897 1,985
Repurchases of common stock (162,138) 0
Excess tax benefit from share-based compensation 2,660 201
Restricted stock activity (4,461) (468)
Net cash provided by financing activities 947,816 327,571
Decrease in cash and cash equivalents (156,093) (83,228)
Cash and cash equivalents at beginning of period 485,489 469,630
Cash and cash equivalents at end of period 329,396 386,402
Supplemental Cash Flow Information    
Income tax payments (refunds), net 9,109 4,693
Interest paid 86,451 83,861
Non-cash Investing Activities:    
Premises and equipment transferred to other assets held for sale 1,477 16,613
Loans foreclosed and transferred to other real estate 23,862 35,495
Dispositions:    
Fair value of non-cash assets sold 0 (100,982)
Fair value of liabilities sold $ 0 $ (191,553)