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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income $ 366,313 $ 379,627 $ 367,738
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 31,153 18,822 (23,970)
Amortization and accretion 5,915 5,433 (8,672)
Loss on sales of bank premises, OREO, leases and equipment 345 457 460
Write-downs on bank premises, OREO, leases and equipment 945 2,007 5,100
Depreciation 17,191 18,237 16,583
Loss (gain) on securities 7,646 (776) (2,676)
Loans originated for sale (860,901) (1,903,981) (6,190,675)
Proceeds from sales of loans 887,398 2,238,093 6,566,304
Gain on sales of loans (25,879) (41,274) (161,108)
Mortgage repurchase loan losses paid, net of recoveries (304) (69) (59)
Stock-based compensation 12,463 9,881 8,018
Excess tax benefits from stock-based compensation arrangements 128 1,040 303
Deferred income tax (benefit) expense (2,921) 6,887 3,015
Amortization of tax credit investments 15,238 13,567 12,718
Originations of mortgage servicing rights (715) (1,417) (10,584)
Impairment of mortgage servicing rights 0 0 629
Recoveries of impairment on mortgage servicing rights 0 (883) (1,129)
Gain on sale of mortgage servicing rights (8,306) 0 0
Increase in cash surrender value of bank-owned life insurance policies (9,267) (14,064) (6,836)
Accretion (amortization) of net periodic pension costs 159 (1,640) 2,073
Changes in:      
Interest receivable (16,530) (30,370) 2,562
Other assets (3,618) 57,380 42,704
Accrued expenses and other liabilities 18,784 3,865 (12,959)
NET CASH PROVIDED BY OPERATING ACTIVITIES 435,237 760,822 609,539
INVESTING ACTIVITIES      
Proceeds from maturities and calls of held to maturity securities 0 0 215
Proceeds from sales of securities available for sale 181,824 410 52,820
Proceeds from maturities and calls of securities available for sale 770,389 575,338 679,082
Purchases of securities available for sale (107,866) (1,572,482) (1,522,076)
Proceeds from sales of equity securities 344 6,782 1,250
Purchases of equity securities (1,647) (2,596) (2,266)
Proceeds from sales and redemptions of other investment securities 155,299 4,829 11,790
Purchases of other investment securities (178,476) (99,435) (34,755)
Purchases of bank-owned life insurance policies 0 0 (85,000)
Redemption of bank-owned life insurance policies 2,556 11,947 1,114
Purchases of bank premises and equipment (11,687) (16,862) (15,380)
Proceeds from sales of bank premises and equipment 2,542 902 1,618
Proceeds from sales of mortgage servicing rights 23,450 0 0
Acquisition of subsidiaries, net of cash paid 0 0 39,420
Proceeds from sales of OREO properties 3,240 10,571 5,675
Net change in loans and leases (800,974) (2,367,060) 882,147
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 38,994 (3,447,656) 15,654
FINANCING ACTIVITIES      
Cash dividends paid (194,727) (193,041) (181,277)
Acquisition of treasury stock (1,382) (79,460) (11,211)
Proceeds from exercise of stock options 1,750 10,295 5,206
Repayment of long-term Federal Home Loan Bank borrowings (1,900,000) (520,000) (597,791)
Proceeds from issuance of long-term Federal Home Loan Bank borrowings 1,500,000 1,900,000 500,000
Redemption of subordinated debt (10,250) 0 0
Changes in:      
Time deposits 1,318,577 (623,254) (275,900)
Other deposits (801,305) (421,078) 1,525,093
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings 35,397 31,854 (40,211)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (51,940) 105,316 923,909
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 422,291 (2,581,518) 1,549,102
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,176,652 3,758,170 2,209,068
CASH AND CASH EQUIVALENTS AT END OF YEAR 1,598,943 1,176,652 3,758,170
Supplemental information      
Cash paid for interest on deposits and borrowed funds 468,123 98,161 54,591
Cash paid for income taxes 106,083 93,680 101,227
Cash paid for amounts in the measurement of lease liabilities 21,581 21,240 22,153
Noncash investing activities:      
Transfers of loans held for sale to loans 0 154,699 0
Transfers of loans to OREO 4,941 1,546 2,769
Right-of-use assets obtained in the exchange for lease liabilities 33,403 9,184 22,179
Subsidiaries [Member]      
Acquisition of subsidiaries and purchase price adjustments:      
Assets acquired, net of cash 0 (345) 1,763,843
Liabilities assumed 0 2,050 1,619,438
Goodwill $ 0 $ 2,395 $ 76,454