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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities              
Net income $ 83,248 $ 103,360 $ 96,275 $ 74,262 $ 273,762 $ 257,360  
Adjustments to reconcile net income to net cash provided by operating activities:              
Provision for credit losses 21,943   16,998   62,014 13,006  
Depreciation and amortization         34,703 33,743  
Change in MSRs valuation         (14,658) (22,348)  
Amortization of other intangible assets 2,203   2,203   6,608 6,608  
Amortization and accretion on earning assets, funding, and other, net         27,394 13,280  
Net amortization of tax credit investments         25,830 25,916  
(Gains) on sales of investment securities, net         0 (260)  
Asset (gains), net (625)   (18)   (590) (1,883)  
Loss on mortgage banking activities, net         2,154 5,712  
Mortgage loans originated and acquired for sale         (283,469) (535,694)  
Proceeds from sales of mortgage loans held for sale         254,619 620,352  
Changes in certain assets and liabilities:              
(Increase) in interest receivable         (26,670) (35,254)  
Increase in interest payable         69,461 1,795  
(Decrease) in expense payable         (22,632) (17,994)  
Increase in net derivative position         3,721 320,972  
Net change in other assets and other liabilities         (34,137) 37,018  
Net cash provided by operating activities         378,110 722,330  
Cash flows from investing activities              
Net (increase) in loans         (1,436,901) (3,595,331)  
Purchases of:              
AFS securities         (1,109,501) (510,301)  
HTM securities         (41,524) (245,826)  
FHLB and Federal Reserve Bank stocks and equity securities         (114,985) (112,157)  
Proceeds from:              
Sales of AFS securities         0 1,061  
Sale of FHLB and Federal Reserve Bank stocks and equity securities         131,272 259  
Prepayments, calls, and maturities of AFS securities         288,313 392,275  
Prepayments, calls, and maturities of HTM securities         101,847 153,163  
Sales, prepayments, calls, and maturities of other assets         20,224 31,732  
Premises, equipment, and software, net of disposals         (43,541) (45,441)  
Net change in tax credit and alternative investments         (19,615) (50,386)  
Net cash (used in) investing activities         (2,224,411) (3,980,951)  
Cash flows from financing activities              
Net increase in deposits         2,487,225 732,347  
Net (decrease) in short-term funding         (154,292) (69,902)  
Net increase (decrease) in short-term FHLB advances         (580,000) 2,583,000  
Repayment of long-term FHLB advances         (568) (413,523)  
Proceeds from long-term FHLB advances         1,369 1,356  
Proceeds from issuance of long-term funding         292,740 0  
(Repayment) proceeds of finance lease principal         (64) 327  
Proceeds from issuance of common stock for stock-based compensation plans         2,362 8,059  
Cash dividends on common stock         (96,005) (91,256)  
Cash dividends on preferred stock         (8,625) (8,625)  
Net cash provided by financing activities         1,937,635 2,735,525  
Net increase (decrease) in cash and cash equivalents         91,334 (523,096)  
Cash and cash equivalents at beginning of period   621,455   1,025,515 621,455 1,025,515 $ 1,025,515
Cash and cash equivalents at end of period(a) 712,789   502,419   712,789 502,419 621,455
Supplemental disclosures of cash flow information              
Cash paid for interest         576,221 83,337  
Cash paid for income and franchise taxes         68,382 6,087  
Loans and bank premises transferred to OREO         5,917 5,052  
Capitalized mortgage servicing rights         2,477 6,316 $ 7,279
Loans transferred into held for sale from portfolio, net         6,833 1,789  
Transfer of AFS securities to HTM securities         0 1,621,990  
Unsettled trades to purchase securities         0 4,130  
Gain on sale and net write-up (down) of equity securities         0 5,690  
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (6,762)   0   (19,391) 0  
Other Assets [Member]              
Supplemental disclosures of cash flow information              
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge         3,308 10,610  
Other Liabilities [Member]              
Supplemental disclosures of cash flow information              
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge         18,652 14,703  
Performance/Service Based RSAs, RSA,              
Cash flows from financing activities              
Purchase of treasury stock, open market purchases         (6,507) (6,259)  
Retained Earnings [Member]              
Cash flows from operating activities              
Net income $ 83,248 $ 103,360 $ 96,275 $ 74,262 $ 273,762 $ 257,360