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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 275,497 $ 178,040 $ 226,339
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (14,600) 76,920 32,825
Depreciation and amortization of premises and equipment 28,802 28,803 28,200
Amortization of TCI 28,003 30,800 32,810
Net amortization of investment securities premiums 16,031 12,222 9,387
Deferred income tax benefit 12,410 (21,591) (165)
Investment securities gains, net (33,516) (3,053) (4,733)
Gain on sales of mortgage loans held for sale (24,379) (53,599) (17,882)
Proceeds from sales of mortgage loans held for sale 1,050,943 1,536,174 916,725
Originations of mortgage loans held for sale (978,446) (1,528,633) (909,572)
Intangible amortization 589 529 1,427
Amortization of issuance costs and discounts on long-term borrowings 1,846 1,128 842
Debt extinguishment costs 33,249 2,877 0
Stock-based compensation 8,402 7,529 7,413
Other changes, net (62,559) (110,781) (195,903)
Total adjustments 66,775 (20,675) (98,626)
Net cash provided by operating activities 342,272 157,365 127,713
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of AFS securities 359,137 215,150 710,739
Proceeds from principal repayments and maturities of AFS securities 469,393 430,845 234,702
Proceeds from principal repayments and maturities of HTM securities 117,958 93,823 83,121
Purchase of AFS securities (1,309,470) (1,134,380) (1,138,070)
Purchase of HTM securities (443,081) 0 0
Sale of Visa Shares 33,962 0 0
Sale (purchase) of FRB and FHLB stock 34,494 5,293 (18,139)
Net decrease (increase) in loans 561,664 (2,072,831) (708,048)
Net purchases of premises and equipment (17,679) (20,237) (33,717)
Net cash paid for acquisition (1,982) (1,884) (5,174)
Net change in tax credit investments (18,363) (15,259) (18,760)
Net cash used in investing activities (213,967) (2,499,480) (893,346)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in demand and savings deposits 1,315,139 3,951,905 849,437
Net (decrease) increase in time deposits (580,847) (506,611) 168,317
Net (decrease) increase in short-term borrowings (213,302) (253,175) 128,464
Proceeds from long-term borrowings 620 495,898 485,000
Repayments of long-term borrowings (710,633) (85,410) (596,056)
Net proceeds from issuance of preferred stock 0 192,878 0
Net proceeds from issuance of common stock 7,437 7,375 6,362
Dividends paid (112,028) (90,956) (92,330)
Acquisition of treasury stock (43,909) (39,748) (111,457)
Net cash (used in) provided by financing activities (337,523) 3,672,156 837,737
Net Increase in Cash and Cash Equivalents (209,218) 1,330,041 72,104
Cash and Cash Equivalents at Beginning of Year 1,847,832 517,791 445,687
Cash and Cash Equivalents at End of Year 1,638,614 1,847,832 517,791
Cash paid during period for:      
Interest 63,047 112,140 178,612
Income taxes 27,870 16,190 9,193
Supplemental schedule of certain noncash activities      
Transfer of AFS securities to HTM securities 376,165 0 0
Transfer of HTM securities to AFS securities $ 0 $ 0 $ 158,898