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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income $ 210,955 $ 230,718
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (credit) for loan and lease losses 48,907 16,948
Deferred tax expense (benefit) 17,774 5,126
Net change in current taxes 12,122 (23,826)
Depreciation 53,806 50,574
Net (decrease) increase in accrued interest payable (4,012) 10,485
Net (increase) decrease in income earned not collected (51,784) (1,747)
Contribution to pension plans (100,000) 0
Contribution to pension plans (33,547) (5,719)
Marketable equity securities gain (loss), net (13,162) (14,472)
Origination of loans held for sale (503,190) (328,481)
Origination of loans held for sale 474,153 326,640
Gain on sale of loans held for sale (15,578) (6,395)
Net writedowns/losses on other real estate 2,475 1,417
Net accretion of premiums and discounts 20,889 (16,491)
Amortization of intangible assets 12,464 12,019
Net change in mortgage servicing rights 357 (2,283)
Net change in other assets (17,459) (12,375)
Net change in other liabilities (14,380) (22,373)
Net cash provided by operating activities 100,790 219,765
INVESTING ACTIVITIES    
Net increase in loans outstanding (3,488,854) (168,572)
Purchases of investment securities available for sale (5,659,704) (1,553,876)
Purchases of investment securities held to maturity (803,307) (183,288)
Purchases of marketable equity securities (331,952) (14,108)
Proceeds from maturities/calls of investment securities held to maturity 57,057 190,644
Proceeds from maturities/calls of investment securities available for sale 1,139,291 1,061,895
Proceeds from sales of investment securities available for sale 3,122,454 610,787
Proceeds from sales of marketable equity securities 313,131 10,694
Net increase in overnight investments (1,964,602) (840,371)
Proceeds from sales of portfolio loans 0 24,247
Repayment of FDIC Shared-Loss Payable (99,468) 0
Proceeds from sales of other real estate 9,263 11,884
Proceeds from sales of premises and equipment 37 75
Purchases of premises and equipment (62,721) (54,873)
Business acquisitions, net of cash acquired (59,999) (73,792)
Net cash used in investing activities (7,829,374) (978,654)
FINANCING ACTIVITIES    
Net decrease in time deposits (623,833) 291,930
Net increase in demand and other interest-bearing deposits 7,649,120 762,021
Net decrease in short-term borrowings 2,043 (109,109)
Repayments of Other Long-term Debt (75,908) (33,008)
Origination of long-term obligations 400,000 0
Proceeds from Debt, Net of Issuance Costs 345,850 0
Proceeds from issuance of preferred stock, net of issuance costs 339,937  
Proceeds from Issuance of Preferred Stock and Preference Stock 345,000 0
Repurchase of common stock (282,923) (186,995)
Cash dividends paid (13,188) (9,243)
Net cash (used in) provided by financing activities 7,741,098 715,596
Change in cash and due from banks 12,514 (43,293)
Cash and due from banks at beginning of period 376,719 327,440
Cash and due from banks at end of period 389,233 284,147
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of loans to other real estate 7,138 5,710
Dividends declared but not paid 4,007 4,410
Unsettled maturities of investment securities 0 150,122
Unsettled purchases of investment securities 0 1,126
Net reclassification of portfolio loans (to) from loans held for sale (3,027) 23,343
Transfers of premises and equipment to other real estate 2,046 2,184
Unsettled common stock repurchases $ 3,772 $ 3,535