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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income/(loss) $ 94,994 $ 58,388
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:    
Provision/(provision credit) for loan losses (1,000) (1,000)
Provision/(benefit) for deferred income taxes 20,309 6,920
Depreciation and amortization of premises and equipment 11,978 8,151
Amortization of intangible assets 6,474 1,232
Net other amortization and accretion (1,613) 6,207
Net (increase)/decrease in derivatives (14,549) (16,864)
Fair value adjustment on interest-only strips (1,592) 0
Repurchase and foreclosure provision/(provision credit) 0 (238)
(Gains)/losses and write-downs on OREO, net 216 156
Litigation and regulatory matters 671 (294)
Stock-based compensation expense 5,906 5,029
Equity securities (gains)/losses, net (34) 0
Debt securities (gains)/losses, net (52) (44)
Net (gains)/losses on sale/disposal of fixed assets (3,202) 36
Loans held-for-sale:    
Purchases and originations (574,735) (47,445)
Gross proceeds from settlements and sales 152,209 54,046
(Gain)/loss due to fair value adjustments and other 3,651 (809)
Net (increase)/decrease in:    
Trading securities (9,843) (270,495)
Fixed income receivables (25,343) (110,904)
Interest receivable (2,990) 1,055
Other assets 44,468 16,592
Net increase/(decrease) in:    
Trading liabilities 188,847 286,342
Fixed income payables (42,829) 114
Interest payable 10,030 7,360
Other liabilities (66,349) (75,014)
Total adjustments (299,372) (129,867)
Net cash provided/(used) by operating activities (204,378) (71,479)
Available-for-sale securities:    
Sales 13,104 44
Maturities 152,800 135,046
Purchases (159,951) (135,676)
Premises and equipment:    
Sales 2,619 18
Purchases (18,020) (9,318)
Proceeds from sales of OREO 10,527 2,135
Proceeds from BOLI 494 281
Net (increase)/decrease in:    
Loans 418,174 499,796
Interests retained from securitizations classified as trading securities 241 256
Interest-bearing cash 876,249 (1,046,563)
Cash paid related to divestitures (27,599) 0
Net cash provided/(used) by investing activities 1,268,638 (553,981)
Common stock:    
Stock options exercised 4,327 2,045
Cash dividends paid (21,353) (16,465)
Repurchase of shares (2,184) (2,016)
Equity acquisition adjustment (18) 0
Cash dividends paid - preferred stock - noncontrolling interest (2,883) (2,852)
Cash dividends paid - Series A preferred stock (1,550) (1,550)
Term borrowings:    
Payments/maturities (2,625) (3,306)
Increases in restricted and secured term borrowings 159 0
Net increase/(decrease) in:    
Deposits 228,478 807,641
Short-term borrowings (1,285,626) 40,176
Net cash provided/(used) by financing activities (1,083,275) 823,673
Net increase/(decrease) in cash and cash equivalents (19,015) 198,213
Cash and cash equivalents at beginning of period 1,452,046 1,037,794
Cash and cash equivalents at end of period 1,433,031 1,236,007
Supplemental Disclosures    
Total interest paid 51,418 21,478
Total taxes paid 4,066 951
Total taxes refunded 90 8,166
Transfer from loans to OREO 3,076 1,198
Transfer from loans HFS to trading securities $ 333,483 $ 0