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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 80,049 $ 167,492
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 175,669 23,691
Share-based compensation expense 17,353 3,507
Depreciation and amortization 204,393 111,022
Provision for deferred income taxes 18,606 28,693
Net gains on sales of assets (66,664) (34,648)
Proceeds from sales of loans and leases held-for-sale 640,607 178,802
Originations of loans and leases held-for-sale, net of repayments (961,255) (185,848)
Impairment of loan servicing rights 17,094 0
Net change in other assets (570,337) 6,550
Net change in other liabilities (60,568) (57,840)
Other, net (21,345) (23,289)
Net cash provided by (used in) operating activities (526,398) 218,132
Cash flows from investing activities    
Proceeds from sales of investment securities available-for-sale 0 408,230
Proceeds from maturities of and principal collected on investment securities available-for-sale 920,147 143,890
Purchases of investment securities available-for-sale (896,547) (1,146,821)
Proceeds from maturities of and principal collected on investment securities held-to-maturity 10,417 5,708
Purchases of investment securities held-to-maturity 0 (821)
Redemption of Federal Home Loan Bank stock 258,014 68,000
Purchases of Federal Home Loan Bank stock (202,000) (82,000)
Proceeds from sales of loans and leases 493,779 414,974
Loan and lease originations and purchases, net of principal collected (1,562,372) (556,311)
Proceeds from sales of other assets 34,311 49,996
Purchases of premises and equipment and lease equipment (42,606) (68,284)
Other, net 15,758 3,034
Net cash provided by (used in) investing activities (971,099) (760,405)
Cash flows from financing activities    
Net change in deposits 4,811,953 230,161
Net change in short-term borrowings 103,914 350,765
Proceeds from long-term borrowings 4,950,000 1,737,159
Payments on long-term borrowings (6,365,249) (1,724,630)
Payments on liabilities related to acquisition and portfolio purchase 0 (1,000)
Repurchases of common stock (33,098) (22,962)
Dividends paid on preferred stock (4,987) (4,987)
Dividends paid on common stock (107,300) (48,620)
Exercise of stock options (110) 0
Payments related to tax-withholding upon conversion of share-based awards (3,934) (5,227)
Net investment by non-controlling interest (1,386) (172)
Net cash provided by (used in) financing activities 3,349,803 510,487
Net change in cash and due from banks 1,852,306 (31,786)
Cash and cash equivalents at beginning of period 1,228,371 587,057
Cash and cash equivalents at end of period 3,080,677 555,271
Cash paid (received) for:    
Interest on deposits and borrowings 151,791 103,413
Income taxes, net 5,483 7,374
Noncash activities:    
Transfer of loans and leases to other assets 24,483 48,025
Transfer of loans and leases from held-for-investment to held for sale, net $ 444,905 $ 375,084