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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Income after income tax expense $ 125,109 $ 53,816
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 20,556 96,943
Share-based compensation expense 7,277 5,647
Depreciation and amortization 106,381 99,541
Provision (benefit) for deferred income taxes 46,452 (3,016)
Net gains on sales of assets (24,365) (28,573)
Proceeds from sales of loans and leases held-for-sale 525,556 268,133
Originations of loans and leases held-for-sale, net of repayments (399,628) (362,680)
Loan servicing rights (recovery) impairment (7,637) 8,236
Net change in other assets (138,828) (218,094)
Net change in other liabilities (143,062) (405,718)
Other, net (1,073) (14,106)
Net cash provided by (used in) operating activities 116,738 (499,871)
Cash flows from investing activities    
Proceeds from maturities of and principal collected on investment securities available-for-sale 704,304 311,531
Purchases of investment securities available-for-sale (858,934) (412,011)
Proceeds from maturities of and principal collected on investment securities held-to-maturity 9,865 4,152
Purchases of investment securities held-to-maturity (20,051) 0
Redemption of Federal Home Loan Bank stock 136,002 144,000
Purchases of Federal Home Loan Bank stock (174,000) (186,000)
Proceeds from sales of loans and leases 67,791 287,050
Loan and lease originations and purchases, net of principal collected (961,317) (1,717,733)
Proceeds from sales of other assets 28,114 16,494
Purchases of premises and equipment and lease equipment (25,304) (23,846)
Net cash paid in business combination (1,069,830) 0
Other, net (1,732) 15,177
Net cash used in investing activities (2,165,092) (1,561,186)
Cash flows from financing activities    
Net change in deposits 930,495 1,143,905
Net change in short-term borrowings 808,720 813,425
Proceeds from long-term borrowings 2,857,651 4,150,000
Payments on long-term borrowings (2,710,221) (3,912,310)
Repurchases of common stock 0 (33,098)
Dividends paid on preferred stock (2,493) (2,493)
Dividends paid on common stock (53,704) (53,578)
Exercise of stock options (327) 63
Payments related to tax-withholding upon conversion of share-based awards (738) (2,289)
Net investment by (distribution to) non-controlling interest 7,680 7,932
Net cash provided by financing activities 1,837,063 2,111,557
Net change in cash and due from banks (211,291) 50,500
Cash and cash equivalents at beginning of period 1,260,595 1,228,371
Cash and cash equivalents at end of period 1,049,304 1,278,871
Cash paid for:    
Interest on deposits and borrowings 34,454 76,688
Income taxes, net 4,971 1,838
Noncash activities:    
Transfer of loans and leases to other assets 8,143 15,983
Transfer of loans and leases from held-for-investment to held for sale, net $ 48,210 $ 251,855