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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 579,696 $ 905,318
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 312,000 (40,000)
Depreciation and amortization of premises and equipment 134,949 113,459
Amortization of capitalized servicing rights 50,998 40,147
Amortization of core deposit and other intangible assets 19,640 5,475
Provision for deferred income taxes (77,346) 55,153
Asset write-downs 3,469 3,243
Net gain on sales of assets (10,856) (12,845)
Net change in accrued interest receivable, payable 10,834 (1,048)
Net change in other accrued income and expense (32,412) (50,200)
Net change in loans originated for sale 571,879 172,617
Net change in trading account and non-hedging derivative assets and liabilities 920,288 340,392
Net cash provided by operating activities 2,483,139 1,531,711
Cash flows from investing activities    
Proceeds from sales of investment securities equity and other 26,286 5,268
Proceeds from maturities of investment securities Available for sale 467,788 811,795
Proceeds from maturities of investment securities Held to maturity 572,192 335,976
Purchases of investment securities Available for sale (4,588,013) (2,137)
Purchases of investment securities Held to maturity (796,312) (305,633)
Purchases of investment securities equity and other (26,505) (19,299)
Net (increase) decrease in loans and leases (265,684) 1,172,249
Net (increase) decrease in interest-bearing deposits at banks 17,628,196 (10,201,014)
Capital expenditures, net (87,742) (44,459)
Net (increase) decrease in loan servicing advances 1,039,029 (417,629)
Acquisition, net of cash consideration, Bank and bank holding company 393,923  
Other, net (324,594) (317,489)
Net cash provided (used) by investing activities 14,038,564 (8,982,372)
Cash flows from financing activities    
Net increase (decrease) in deposits (14,151,849) 8,463,034
Net increase (decrease) in short-term borrowings (72,595) 31,753
Payments on long-term borrowings (900,096) (852,992)
Purchases of treasury stock (600,000)  
Dividends paid — common (369,822) (283,791)
Dividends paid — preferred (47,046) (34,100)
Other, net (29,598) (15,518)
Net cash provided (used) by financing activities (16,171,006) 7,308,386
Net increase (decrease) in cash, cash equivalents and restricted cash 350,697 (142,275)
Cash, cash equivalents and restricted cash at beginning of period 1,337,577 1,552,743
Cash, cash equivalents and restricted cash at end of period 1,688,274 1,410,468
Supplemental disclosure of cash flow information    
Interest received during the period 2,416,362 1,976,059
Interest paid during the period 86,713 79,841
Income taxes paid during the period 231,687 204,259
Supplemental schedule of noncash investing and financing activities    
Real estate acquired in settlement of loans 8,800 3,968
Additions to right-of-use assets under operating leases 31,013 $ 18,182
Acquisition of bank and bank holding company, Common stock issued 8,286,515  
Acquisition of bank and bank holding company, Common stock awards converted 104,810  
Fair value of Assets acquired (noncash) 63,757,316  
Fair value of Liabilities assumed 55,499,314  
Fair value of Preferred stock converted $ 260,600