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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net income $ 457,371 $ 400,313 $ 323,752
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for loan and lease losses 31,441 28,468 25,692
Deferred tax expense (benefit) 54,598 (13,377) 125,838
Change in current taxes payable (19,564) 23,353 (10,616)
Depreciation 103,828 96,781 90,804
Change in accrued interest payable 14,412 (240) 155
Change in income earned not collected (4,151) (10,785) (8,899)
Gain on acquisitions 0 0 (134,745)
Realized gains on investment securities available for sale, net (7,115) (351) (4,293)
Marketable equity securities (gains) losses, net (20,625) 7,610 0
Gain on extinguishment of debt 0 (26,553) (919)
Origination of loans held for sale (736,015) (593,307) (622,503)
Proceeds from sale of loans held for sale 731,803 608,549 660,808
Gain on sale of loans (14,884) (11,210) (14,843)
Gain (Loss) on Sale of Loans and Leases (299) 0 (1,007)
Loss on sale of other real estate 2,664 4,390 4,460
Gain (Loss) on Disposition of Property Plant Equipment 4,115 2,452 (524)
Net amortization of premiums and discounts (34,040) (36,567) (40,028)
Amortization of intangible assets 23,861 23,648 22,842
FDIC payable for loss share agreements 6,777 4,276 4,334
Net change in other liabilities (5,927) (5,258) (7,178)
Net change in other assets (28,097) (3,961) (31,933)
Net change in other liabilities (19,584) (40,895) (25,939)
Net cash provided by operating activities 540,569 457,336 355,258
INVESTING ACTIVITIES      
Net change in loans outstanding (1,282,880) (1,023,885) (1,213,686)
Payments to Acquire Available-for-sale Securities (4,705,038) (1,451,287) (3,648,312)
Purchases of investment securities held to maturity (223,598) (97,827) 0
Purchases of marketable equity securities (26,166) (2,818) 0
Proceeds from maturities of investment securities held to maturity 341,077 296,632 22
Proceeds from maturities of investment securities available for sale 2,345,512 1,664,730 1,842,563
Proceeds from Sale of Available-for-sale Securities 2,308,856 360,218 1,345,746
Proceeds from sales of marketable equity securities 56,749 9,528 0
Net change in overnight investments (65,181) 601,979 586,279
Net Payment to the FDIC for Termination of Loss Share Agreements (292) (3,567) (7,725)
Proceeds from Sale of Other Real Estate Held-for-investment 25,918 28,128 40,709
Proceeds from Sale of Property, Plant, and Equipment 132 1,721 3,061
Proceeds from sale of portfolio loans 24,247 9,591 162,649
Additions to premises and equipment (121,077) (140,444) (84,798)
Business acquisitions, net of cash acquired (236,728) (155,126) 304,820
Net cash (used) provided by investing activities (1,558,469) 97,573 (668,672)
FINANCING ACTIVITIES      
Net change in time deposits 284,611 33,023 (538,250)
Net change in demand and other interest-bearing deposits 1,154,815 457,196 539,120
Net change in short-term borrowings (27,703) (246,517) (44,680)
Proceeds from (Repayments of) Long-term Debt and Capital Securities (73,284) (752,447) (6,955)
Origination of long-term obligations 200,000 125,000 175,000
Repurchase of common stock (453,123) (163,095) 0
Cash dividends paid (18,137) (16,779) (14,412)
Net cash provided (used) by financing activities 1,067,179 (563,619) 109,823
Change in cash and due from banks 49,279 (8,710) (203,591)
Cash and due from banks at beginning of period 327,440 336,150 539,741
Cash and due from banks at end of period 376,719 327,440 336,150
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Interest 78,230 37,097 43,639
Income taxes 83,038 73,806 88,565
Premises and equipment acquired through capital leases and other financing arrangements 14,639 23,375 34,980
Dividends declared but not paid 4,256 4,668 4,204
Unsettled maturities of investment securities 0 0 100,000
Unsettled sales of investment securities 0 0 208,464
Net reclassification of portfolio loans to (from) loans held for sale 22,034 (2,433) 161,719
Transfer of investment securities available for sale (from) to held to maturity (2,080,617)    
Transfer of investment securities available for sale (from) to held to maturity   2,485,761 0
Transfer of investment securities available for sale to marketable equity securities 0 107,578 0
Transfers of premises and equipment to other real estate 7,045 1,622 0
Transfers of premises and equipment to other real estate 0 12,196 5,327
Initial recognition of operating lease liabilities 0 $ (2,243) $ 0
Initial recognition of operating lease assets 70,652    
Initial recognition of operating lease liabilities $ 71,793