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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net income $ 491,723 $ 457,371 $ 400,313
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for credit losses 58,352 31,441 28,468
Deferred tax expense (benefit) (25,535) 54,598 (13,377)
Change in current taxes payable (5,894) (19,564) 23,353
Depreciation 108,641 103,828 96,781
Change in accrued interest payable (8,683) 14,412 (240)
Change in income earned not collected (21,982) (4,151) (10,785)
Gain on acquisitions (100,000) (3,592) (50,000)
Realized gains on investment securities available for sale, net (60,253) (7,115) (351)
Marketable equity securities (gains) losses, net (29,395) (20,625) 7,610
Gain on extinguishment of debt 0 0 (26,553)
Origination of loans held for sale (1,078,096) (736,015) (593,307)
Proceeds from sale of loans held for sale 1,045,937 731,803 608,549
Gain on sale of loans (37,594) (15,183) (11,210)
Loss on sale of other real estate 4,056 2,664 4,390
Net amortization of premiums and discounts (8,513) (27,263) (32,291)
Amortization of intangible assets 32,801 23,861 23,648
Net change in other liabilities (12,149) (5,927) (5,258)
Net change in other assets (7,286) (24,274) (5,076)
Net change in other liabilities (6,115) (15,992) 9,105
Net cash provided by operating activities 340,015 540,277 453,769
INVESTING ACTIVITIES      
Net change in loans outstanding (3,803,188) (1,282,880) (1,023,885)
Payments to Acquire Available-for-sale Securities (8,678,543) (4,705,038) (1,451,287)
Purchases of investment securities held to maturity (1,633,165) (223,598) (97,827)
Purchases of marketable equity securities (333,140) (26,166) (2,818)
Proceeds from maturities of investment securities held to maturity 301,347 341,077 296,632
Proceeds from maturities of investment securities available for sale 2,791,291 2,345,512 1,664,730
Proceeds from Sale of Available-for-sale Securities 4,585,002 2,308,856 360,218
Proceeds from sales of marketable equity securities 352,835 56,749 9,528
Net change in overnight investments (3,204,363) (65,181) 601,979
Proceeds from sale of portfolio loans 13,368 24,247 9,591
Net Payment to the FDIC for Termination of Loss Share Agreements (99,468) 0 0
Proceeds from Sale of Other Real Estate Held-for-investment 28,280 25,918 28,128
Proceeds from Sale of Property, Plant, and Equipment 1,369 132 1,721
Additions to premises and equipment (133,384) (121,077) (140,444)
Business acquisitions, net of cash acquired (59,999) (236,728) (155,126)
Net cash (used) provided by investing activities (9,871,758) (1,558,177) 101,140
FINANCING ACTIVITIES      
Net change in time deposits (1,010,190) 284,611 33,023
Net change in demand and other interest-bearing deposits 9,989,107 1,154,815 457,196
Net change in short-term borrowings (96,746) (27,703) (246,517)
Repayment of long-term obligations (86,737) (73,284) (752,447)
Origination of long-term obligations 400,000 200,000 125,000
Net proceeds from subordinated notes issuance 345,849 0 0
Net proceeds from preferred stock issuance 339,937 0 0
Repurchase of common stock (333,755) (453,123) (163,095)
Cash dividends paid (30,393) (18,137) (16,779)
Net cash provided (used) by financing activities 9,517,072 1,067,179 (563,619)
Change in cash and due from banks (14,671) 49,279 (8,710)
Cash and due from banks at beginning of period 376,719 327,440 336,150
Cash and due from banks at end of period 362,048 376,719 327,440
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Interest 104,567 78,230 37,097
Income taxes 116,583 83,038 73,806
Premises and equipment acquired through finance leases and other financing arrangements 11,635 14,639 23,375
Dividends declared but not paid 4,613 4,256 4,668
Net reclassification of portfolio loans from (to) loans held for sale 1,687 22,034 (2,433)
Transfer of investment securities available for sale to (from) held to maturity   (2,080,617)  
Transfer of investment securities available for sale to (from) held to maturity 1,460,745   2,485,761
Transfer of investment securities available for sale to marketable equity securities 0 0 107,578
Transfers of premises and equipment to other real estate 15,187 7,045 1,622
Transfers of premises and equipment to other real estate 0 0 12,196
Common Stock Repurchases, Unsettled $ 0 $ 0 $ 2,243