XML 24 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 230,041 $ 306,926 $ 315,628
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Provision for credit losses 257,151 65,282 46,768
Share-based compensation expense 35,438 28,351 17,824
Depreciation and amortization 437,585 308,638 204,778
Provision (benefit) for deferred income taxes (74,841) 30,410 58,986
Net gains on sales of assets (90,299) (66,298) (39,881)
Proceeds from sales of loans and leases held-for-sale 2,001,489 966,352 372,354
Originations of loans and leases held-for-sale, net of repayments (2,011,048) (835,047) (375,622)
Impairment of loan servicing rights 17,605 3,882 0
Net change in other assets (484,298) (263,351) (35,154)
Net change in other liabilities (119,586) 162,533 39,898
Other, net (78,131) (65,921) (41,949)
Net cash provided by (used in) operating activities 121,106 641,757 563,630
Cash flows from investing activities      
Proceeds from sales of investment securities available-for-sale 50,797 1,986,386 254,146
Proceeds from maturities of and principal collected on investment securities available-for-sale 2,404,269 735,861 169,622
Purchases of investment securities available-for-sale (3,587,494) (2,806,598) (1,230,430)
Proceeds from maturities of and principal collected on investment securities held-to-maturity 37,389 17,632 15,407
Purchases of investment securities held-to-maturity (80,533) (6,844) (2,188)
Redemption of Federal Home Loan Bank stock 428,016 256,021 269,002
Purchases of Federal Home Loan Bank stock (306,000) (370,000) (278,000)
Proceeds from sales of loans and leases 554,532 1,985,093 903,606
Loan and lease originations and purchases, net of principal collected (639,089) (2,037,489) (957,672)
Proceeds from sales of other assets 70,936 113,771 88,942
Proceeds from sales of other assets (188,378) (154,540) (155,664)
Net cash acquired (paid) in business combinations 0 975,014 0
Other, net 17,626 (27,431) 20,935
Net cash provided by (used in) investing activities (1,237,929) 666,876 (902,294)
Cash flows from financing activities      
Net change in deposits 4,457,400 (901,522) 549,157
Net change in short-term borrowings (2,051,721) 45,584 160
Proceeds from long-term borrowings 7,870,577 5,957,492 9,380,950
Payments on long-term borrowings (8,855,775) (5,499,669) (9,182,536)
Payments on liabilities related to acquisition and portfolio purchase 0 (1,000) (2,000)
Redemption of Series B preferred stock 0 0 (100,000)
Repurchases of common stock (33,098) (86,309) (212,929)
Common shares sold to TCF employee benefit plans 0 0 715
Dividends paid on preferred stock (9,975) (9,975) (11,588)
Dividends paid on common stock (214,687) (156,060) (99,490)
Exercise of stock options (23) 29 (997)
Payments related to tax-withholding upon conversion of share-based awards (4,553) (6,198) (6,865)
Net investment by (distribution to) non-controlling interest (9,098) (9,691) (10,638)
Net cash provided by (used in) financing activities 1,149,047 (667,319) 303,939
Net change in cash and due from banks 32,224 641,314 (34,725)
Cash and cash equivalents at beginning of period 1,228,371 587,057 621,782
Cash and cash equivalents at end of period 1,260,595 1,228,371 587,057
Cash paid (received) for:      
Interest on deposits and borrowings 230,110 269,474 139,026
Income taxes, net 128,691 12,177 (26,308)
Noncash activities:      
Transfer of loans and leases to other assets 45,394 88,716 105,247
Transfer of loans and leases from held-for-investment to held-for-sale, net $ 448,721 $ 2,184,134 $ 848,941