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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 189,798 $ 114,767
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,240 13,783
Stock-based compensation 8,282 12,153
Provision for credit losses 10,100 18,090
Net amortization of premiums and accretion of discounts on securities and borrowings 14,287 17,212
Amortization of other intangible assets 8,481 8,910
Losses on securities transactions, net 21 801
Proceeds from sales of loans held for sale 421,730 437,876
Gains on sales of loans, net (8,506) (14,395)
Net impairment losses on securities, recognized in earnings 2,928 0
Originations of loans held for sale (200,877) (446,849)
(Gains) losses on sales of assets, net (77,156) 222
Net change in:    
Cash surrender value of bank owned life insurance (4,092) (4,415)
Accrued interest receivable (3,769) (2,042)
Other assets (186,674) (55,464)
Accrued expenses and other liabilities 65,970 (16,281)
Net cash provided by operating activities 265,763 84,368
Cash flows from investing activities:    
Net loan originations and purchases (992,236) (1,158,514)
Investment securities held to maturity:    
Purchases (261,446) (100,160)
Maturities, calls and principal repayments 155,002 120,876
Investment securities available for sale:    
Purchases 0 (239,226)
Sales 0 38,625
Maturities, calls and principal repayments 109,045 124,635
Death benefit proceeds from bank owned life insurance 1,350 2,652
Proceeds from sales of real estate property and equipment 102,500 9,773
Purchases of real estate property and equipment (9,336) (12,811)
Cash and cash equivalents acquired in acquisition 0 156,612
Net cash used in investing activities (895,121) (1,057,538)
Cash flows from financing activities:    
Net change in deposits 320,955 (77,533)
Net change in short-term borrowings 268,870 1,479,305
Advances of long-term borrowings 400,000 0
Repayments of long-term borrowings (255,000) (300,027)
Cash dividends paid to preferred shareholders (3,172) (6,344)
Cash dividends paid to common shareholders (73,546) (65,989)
Purchase of common shares to treasury (1,462) (2,598)
Common stock issued, net (480) 2,512
Other, net (240) 0
Net cash provided by financing activities 655,925 1,029,326
Net change in cash and cash equivalents 26,567 56,156
Cash and cash equivalents at beginning of year 428,629 416,110
Cash and cash equivalents at end of period 455,196 472,266
Cash payments for:    
Interest on deposits and borrowings 198,815 124,816
Federal and state income taxes 80,116 29,280
Supplemental schedule of non-cash investing activities:    
Transfer of loans to other real estate owned 1,016 672
Transfer of loans to loans held for sale 216,211 263,324
Lease right of use assets obtained in exchange for operating lease liabilities 296,064  
Non-cash assets acquired:    
Loans 0 3,736,984
Premises and equipment 0 62,066
Bank owned life insurance 0 49,052
Accrued interest receivable 0 12,123
Goodwill 0 394,028
Other intangible assets 0 45,906
Other assets 0 100,059
Total non-cash assets acquired 0 4,922,820
Liabilities assumed:    
Deposits 0 3,564,843
Short-term borrowings 0 649,979
Long-term borrowings 0 87,283
Junior subordinated debentures issued to capital trusts 0 13,249
Accrued expenses and other liabilities 0 26,848
Total liabilities assumed 0 4,342,202
Net non-cash assets acquired 0 580,618
Net cash and cash equivalents acquired in acquisition 0 156,612
Common stock issued in acquisition 0 737,230
Investment securities held to maturity    
Non-cash assets acquired:    
Investment securities 0 214,217
Investment securities available for sale    
Non-cash assets acquired:    
Investment securities $ 0 $ 308,385