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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 53,816 $ 73,449
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 96,943 10,122
Share-based compensation expense 5,647 224
Depreciation and amortization 99,541 56,284
Provision (benefit) for deferred income taxes (3,016) (1,011)
Net gains on sales of assets (28,573) (14,918)
Proceeds from sales of loans and leases held-for-sale 268,133 80,877
Originations of loans and leases held-for-sale, net of repayments (362,680) (72,125)
Impairment of loan servicing rights 8,236 0
Net change in other assets (218,094) (95,861)
Net change in other liabilities (405,718) 113,978
Other, net (14,106) (11,089)
Net cash provided by (used in) operating activities (499,871) 139,930
Cash flows from investing activities    
Proceeds from sales of investment securities available-for-sale 0 205,862
Proceeds from maturities of and principal collected on investment securities available-for-sale 311,531 50,425
Purchases of investment securities available-for-sale (412,011) (597,054)
Proceeds from maturities of and principal collected on investment securities held-to-maturity 4,152 2,469
Purchases of investment securities held-to-maturity 0 (821)
Redemption of Federal Home Loan Bank stock 144,000 26,000
Purchases of Federal Home Loan Bank stock (186,000) (38,000)
Proceeds from sales of loans and leases 287,050 194,109
Loan and lease originations and purchases, net of principal collected (1,717,733) (521,907)
Proceeds from sales of other assets 16,494 19,644
Purchases of premises and equipment and lease equipment (23,846) (41,121)
Other, net 15,177 2,937
Net cash provided by (used in) investing activities (1,561,186) (697,457)
Cash flows from financing activities    
Net change in deposits 1,143,905 141,885
Net change in short-term borrowings 813,425 355,947
Proceeds from long-term borrowings 4,150,000 621,328
Payments on long-term borrowings (3,912,310) (662,097)
Payments on liabilities related to acquisition and portfolio purchase 0 (1,000)
Repurchases of common stock (33,098) 0
Dividends paid on preferred stock (2,493) (2,493)
Dividends paid on common stock (53,578) (24,294)
Exercise of stock options 63 0
Payments related to tax-withholding upon conversion of share-based awards (2,289) (3,022)
Net investment by non-controlling interest 7,932 8,038
Net cash provided by (used in) financing activities 2,111,557 434,292
Net change in cash and due from banks 50,500 (123,235)
Cash and cash equivalents at beginning of period 1,228,371 587,057
Cash and cash equivalents at end of period 1,278,871 463,822
Cash paid (received) for:    
Interest on deposits and borrowings 76,688 48,276
Income taxes, net 1,838 (140)
Noncash activities:    
Transfer of loans and leases to other assets 15,983 27,280
Transfer of loans and leases from held-for-investment to held for sale, net $ 251,855 $ 170,537