XML 29 R8.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income/(loss) $ 103,405 $ 94,994
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:    
Provision/(provision credit) for loan losses 9,000 (1,000)
Provision/(benefit) for deferred income taxes 7,238 20,309
Depreciation and amortization of premises and equipment 11,400 11,978
Amortization of intangible assets 6,217 6,474
Net other amortization and accretion 1,257 (1,613)
Net (increase)/decrease in derivatives (51,821) (14,549)
Fair value adjustment on interest-only strips 1,258 (1,592)
(Gains)/losses and write-downs on OREO, net (290) 216
Litigation and regulatory matters 0 671
Stock-based compensation expense 5,432 5,906
Equity securities (gains)/losses, net (31) (34)
Debt securities (gains)/losses, net 0 (52)
Net (gains)/losses on sale/disposal of fixed assets (42) (3,202)
(Gain)/loss on BOLI (1,032) 0
Loans held-for-sale:    
Purchases and originations (513,788) (574,735)
Gross proceeds from settlements and sales 135,855 152,209
(Gain)/loss due to fair value adjustments and other 19,291 3,651
Net (increase)/decrease in:    
Trading securities 192,101 (9,843)
Fixed income receivables (7,921) (25,343)
Interest receivable (5,970) (2,990)
Other assets 56,984 44,468
Net increase/(decrease) in:    
Trading liabilities 94,289 188,847
Fixed income payables 90,718 (42,829)
Interest payable 16,570 10,030
Other liabilities (47,631) (66,349)
Total adjustments 19,084 (299,372)
Net cash provided/(used) by operating activities 122,489 (204,378)
Available-for-sale securities:    
Sales 13,012 13,104
Maturities 157,502 152,800
Purchases (83,512) (159,951)
Premises and equipment:    
Sales 4,080 2,619
Purchases (6,995) (18,020)
Proceeds from sales of OREO 3,791 10,527
Proceeds from BOLI 3,208 494
Net (increase)/decrease in:    
Loans (448,321)  
Loans   418,174
Interests retained from securitizations classified as trading securities 148 241
Interest-bearing cash 264,357 876,249
Cash paid related to divestitures 0 (27,599)
Cash paid/(received) for acquisitions, net 0 (18)
Net cash provided/(used) by investing activities (92,730) 1,268,620
Common stock:    
Stock options exercised 520 4,327
Cash dividends paid (38,759) (21,353)
Repurchase of shares (a) [1] (53,436) (2,184)
Cash dividends paid - preferred stock - noncontrolling interest (2,883) (2,883)
Cash dividends paid - Series A preferred stock (1,550) (1,550)
Term borrowings:    
Payments/maturities (1,179) (2,625)
Increases in restricted and secured term borrowings 3,120 159
Net increase/(decrease) in:    
Deposits (220,104) 228,478
Short-term borrowings 92,057  
Short-term borrowings   (1,285,626)
Net cash provided/(used) by financing activities (222,214) (1,083,257)
Net increase/(decrease) in cash and cash equivalents (192,455) (19,015)
Cash and cash equivalents at beginning of period 1,405,325 1,452,046
Cash and cash equivalents at end of period 1,212,870 1,433,031
Supplemental Disclosures    
Total interest paid 88,774 51,418
Total taxes paid 1,008 4,066
Total taxes refunded 27,522 90
Transfer from loans to OREO 1,607 3,076
Transfer from loans HFS to trading securities $ 425,808 $ 333,483
[1] 2019 includes $51.5 million repurchased under share repurchase programs.