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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 230,718 $ 193,522
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (credit) for loan and lease losses 16,948 16,043
Deferred tax expense (benefit) 5,126 (2,835)
Net change in current taxes (23,826) (16,609)
Depreciation 50,574 47,343
Net (decrease) increase in accrued interest payable 10,485 (2,043)
Net (increase) decrease in income earned not collected (1,747) (1,601)
Securities gains, net (5,719) 0
Marketable equity securities gain (loss), net (14,472) (5,411)
Gain on extinguishment of debt 0 (25,814)
Origination of loans held for sale (328,481) (304,580)
Proceeds from sale of loans held for sale 326,640 302,766
Gain on sale of loans held for sale (6,096) (5,610)
Gain on sale of portfolio loans (299) 0
Net writedowns/losses on other real estate 1,417 2,698
(Gain) loss on sales of premises and equipment 716 991
Net accretion of premiums and discounts (19,765) (17,240)
Amortization of intangible assets 12,019 11,562
Net change in FDIC payable for shared-loss agreements 3,274 2,145
Net change in mortgage servicing rights (2,283) (2,630)
Net change in other assets (13,091) 313,265
Net change in other liabilities (22,373) 14,998
Net cash provided by operating activities 219,765 520,960
INVESTING ACTIVITIES    
Net increase in loans outstanding (168,572) (360,764)
Purchases of investment securities available for sale (1,553,876) (920,357)
Purchases of investment securities held to maturity (183,288) 0
Purchases of marketable equity securities (14,108) (2,818)
Proceeds from maturities/calls of investment securities held to maturity 190,644 78,384
Proceeds from maturities/calls of investment securities available for sale 1,061,895 797,739
Proceeds from sales of investment securities available for sale 610,787 119,273
Proceeds from sales of marketable equity securities 10,694 8,493
Net decrease (increase) in overnight investments (840,371) 175,009
Proceeds from sales of portfolio loans 24,247 0
Proceeds from sales of other real estate 11,884 15,769
Proceeds from sales of premises and equipment 75 198
Purchases of premises and equipment (54,873) (60,594)
Business acquisitions, net of cash acquired (73,792) (106,298)
Net cash used in investing activities (978,654) (255,966)
FINANCING ACTIVITIES    
Net decrease in time deposits 291,930 (181,889)
Net increase in demand and other interest-bearing deposits 762,021 704,909
Net decrease in short-term borrowings (109,109) (201,303)
Repayment of long-term obligations (33,008) (653,929)
Repurchase of common stock (186,995) 0
Cash dividends paid (9,243) (8,407)
Net cash (used in) provided by financing activities 715,596 (340,619)
Change in cash and due from banks (43,293) (75,625)
Cash and due from banks at beginning of period 327,440 336,150
Cash and due from banks at end of period 284,147 260,525
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of loans to other real estate 5,710 11,868
Dividends declared but not paid 4,410 4,204
Unsettled maturities of investment securities 150,122 0
Unsettled purchases of investment securities 1,126 0
Reclassification of portfolio loans to loans held for sale (23,948) 0
Reclassification of loans held for sale to portfolio 605 0
Transfers of premises and equipment to other real estate 2,184 0
Transfer of investment securities available for sale to held to maturity 0 2,486,761
Unsettled common stock repurchases 3,535 0
Initial recognition of operating lease assets 70,652 0
Initial recognition of operating lease liabilities $ 71,793 $ 0