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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 216,556 $ 204,399
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 9,550 16,430
Depreciation, amortization and accretion, net 49,976 41,893
Deferred income taxes 19,124 2,208
Stock-based compensation 4,707 4,884
Other losses (gains) 18 (897)
Originations of loans held for sale (12,960) (28,472)
Proceeds from sales of loans held for sale 11,856 28,614
Net losses (gains) on sales of loans originated for investment and held for sale 1,156 (148)
Net losses on investment securities 2,592  
Change in assets and liabilities:    
Net (increase) decrease in other assets (46,083) 5,573
Net decrease in other liabilities (85,425) (8,973)
Net cash provided by operating activities 171,067 265,511
Available-for-sale securities:    
Proceeds from maturities and principal repayments 536,058 637,538
Proceeds from calls and sales 943,630  
Purchases (999,490) (130,251)
Other investments:    
Proceeds from sales 9,238 10,333
Purchases (19,429) (45,432)
Loans:    
Net decrease (increase) in loans and leases resulting from originations and principal repayments 55,138 (171,306)
Proceeds from sales of loans originated for investment 407,698 562
Purchases of loans (247,711) (158,616)
Proceeds from bank-owned life insurance 5,612 1,154
Purchases of premises, equipment and software (22,370) (13,495)
Purchases of mortgage servicing rights   (6,444)
Proceeds from sales of other real estate owned 759 332
Other (2,023) (2,054)
Net cash provided by investing activities 667,110 122,321
Cash flows from financing activities    
Net decrease in deposits (292,822) (922,849)
Net increase in short-term borrowings   30,000
Proceeds from long-term borrowings   400,000
Repayment of long-term borrowings (10) (10)
Dividends paid (104,392) (98,666)
Stock tendered for payment of withholding taxes (1,764)  
Proceeds from employee stock purchase plan   342
Common stock repurchased (98,809) (131,800)
Net cash used in financing activities (497,797) (722,983)
Net increase (decrease) in cash and cash equivalents 340,380 (335,151)
Cash and cash equivalents at beginning of period 1,003,637 1,034,644
Cash and cash equivalents at end of period 1,344,017 699,493
Supplemental disclosures    
Interest paid 80,886 56,430
Income taxes paid, net of income tax refunds 69,173 29,204
Noncash investing and financing activities:    
Transfers from loans and leases to other real estate owned 75 $ 143
Operating lease right-of-use assets obtained in exchange for new lease obligations 1,401  
Transfers from loans and leases to loans held for sale $ 408,912