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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 186,097 $ 208,713
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (1,564) (39,000)
Depreciation, amortization and accretion, net 44,142 41,835
Deferred income tax provision 13,807 7,321
Stock-based compensation 7,718 10,158
Other losses (gains) 2,780 (1,438)
Originations of loans held for sale (14,243) (83,050)
Proceeds from sales of loans held for sale 13,452 94,907
Net gains on sales of loans originated for investment and held for sale   (2,691)
Net gains on investment securities   (102)
Change in assets and liabilities:    
Net decrease (increase) in other assets 7,348 (38,108)
Net increase in other liabilities 62,054 98,108
Net cash provided by operating activities 321,591 296,653
Available-for-sale securities:    
Proceeds from maturities and principal repayments 752,306 1,371,213
Proceeds from calls and sales 1,080 3,555
Purchases (938,268) (3,403,074)
Held-to-maturity securities:    
Proceeds from maturities and principal repayments 254,157  
Proceeds from calls 395  
Purchases (79,470)  
Other investments:    
Proceeds from sales 5,496 16,790
Purchases (29,514) (70,797)
Loans:    
Net (increase) decrease in loans and leases resulting from originations and principal repayments (521,025) 652,354
Proceeds from sales of loans originated for investment   2,200
Purchases of loans (225,844) (238,445)
Proceeds from bank-owned life insurance   7,903
Purchases of premises, equipment and software (10,747) (15,174)
Proceeds from sales of premises and equipment   3,861
Proceeds from sales of other real estate owned 176  
Other (3,170) (3,701)
Net cash used in investing activities (794,428) (1,673,315)
Cash flows from financing activities    
Net increase in deposits 275,592 2,892,280
Repayment of long-term borrowings   (10)
Dividends paid (99,475) (100,889)
Stock tendered for payment of withholding taxes (3,561) (3,086)
Proceeds from employee stock purchase plan 224  
Common stock repurchased (9,478) (53,495)
Net cash provided by financing activities 163,302 2,734,800
Net (decrease) increase in cash and cash equivalents (309,535) 1,358,138
Cash and cash equivalents at beginning of period 1,258,469 1,040,944
Cash and cash equivalents at end of period 948,934 2,399,082
Supplemental disclosures    
Interest paid 21,006 18,879
Income taxes paid, net of income tax refunds 23,471 53,742
Noncash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for new lease obligations 5,603 29,632
Transfers (to) from loans and leases (from) to loans held for sale   1,839
Transfers to loans and leases from loans held for sale (834)  
Obligation to fund low-income housing partnerships 3,569 $ 15,314
Transfers of securities from available-for-sale to held-to-maturity $ 4,550,748