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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 178,040 $ 226,339 $ 208,393
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 76,920 32,825 46,907
Depreciation and amortization of premises and equipment 28,803 28,200 28,156
Amortization of TCI 30,800 32,810 38,606
Net amortization of investment securities premiums 12,222 9,387 9,297
Deferred income tax benefit (21,591) (165) (15,749)
Re-measurement of net DTA 0 0 (809)
Investment securities gains, net (3,053) (4,733) (37)
Gain on sales of mortgage loans held for sale (53,599) (17,882) (13,021)
Proceeds from sales of mortgage loans held for sale 1,536,174 916,725 795,756
Originations of mortgage loans held for sale (1,528,633) (909,572) (778,304)
Intangible amortization 529 1,427 0
Amortization of issuance costs and discounts on long-term borrowings 1,128 842 813
Stock-based compensation 7,529 7,413 7,965
Other changes, net (110,781) (195,903) (31,153)
Total adjustments (23,552) (98,626) 88,427
Net cash provided by operating activities 154,488 127,713 296,820
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of AFS securities 215,150 710,739 54,638
Proceeds from principal repayments and maturities of AFS securities 430,845 234,702 290,681
Proceeds from principal repayments and maturities of HTM securities 93,823 83,121 35,900
Purchase of AFS securities (1,134,380) (1,138,070) (558,949)
Sale (purchase) of FRB and FHLB stock 5,293 (18,139) (18,522)
Net increase in loans (2,072,831) (708,048) (447,849)
Net purchases of premises and equipment (20,237) (33,717) (39,883)
Net cash paid for acquisition (1,884) (5,174) 0
Net change in tax credit investments (15,259) (18,760) (56,733)
Net cash used in investing activities (2,499,480) (893,346) (740,717)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in demand and savings deposits 3,951,905 849,437 435,872
Net increase in time deposits (506,611) 168,317 142,755
Increase in short-term borrowings (253,175) 128,464 137,253
Proceeds from long-term borrowings 495,898 485,000 50,000
Repayments of long-term debt (82,533) (596,056) (100,165)
Net proceeds from issuance of preferred stock 192,878 0 0
Net proceeds from issuance of common stock 7,375 6,362 6,735
Dividends paid (90,957) (92,330) (89,654)
Acquisition of treasury stock (39,748) (111,457) (95,308)
Net cash provided by financing activities 3,675,033 837,737 487,488
Net Increase in Cash and Cash Equivalents 1,330,041 72,104 43,591
Cash and Cash Equivalents at Beginning of Year 517,791 445,687 402,096
Cash and Cash Equivalents at End of Year 1,847,832 517,791 445,687
Cash paid during period for:      
Interest 112,140 178,612 126,846
Income taxes 16,190 9,193 13,547
Supplemental schedule of certain noncash activities      
Transfer of available for sale securities to held to maturity securities 0 0 641,672
Transfer of available for sale securities to held to maturity securities $ 0 $ 158,898 $ 0