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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 424,177 $ 353,639
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (credit) for loan and lease losses (31,697) 52,949
Deferred tax expense (benefit) 9,266 16,227
Net change in current taxes (774,212) (38,878)
Depreciation and amortization 80,293 81,169
Net (decrease) increase in accrued interest payable (2,855) (7,620)
Net decrease (increase) in income earned not collected 12,783 (28,025)
Contribution to pension plans 0 (100,000)
Realized gains on investment securities available for sale, net (33,119) (54,972)
Marketable equity securities gains, net (31,015) (10,461)
Origination of loans held for sale (911,995) (775,900)
Proceeds from Sale of Loans Held-for-sale 808,172 743,508
Gain on sale of loans (26,789) (25,728)
Net (gains) losses on other real estate owned (2,971) 2,360
Net accretion of premiums and discounts 5,017 4,599
Amortization of intangible assets 16,408 18,589
Origination of mortgage servicing rights, net of change in valuation allowance (9,775) (1,332)
Net change in other assets 14,233 (6,394)
Net change in other liabilities (7,692) (7,472)
Net cash provided by operating activities (461,771) 216,258
INVESTING ACTIVITIES    
Net increase in loans outstanding 325,209 (3,876,578)
Purchases of investment securities available for sale (3,620,680) (7,608,380)
Purchases of investment securities held to maturity (1,199,419) (856,047)
Purchases of marketable equity securities (1,563) (333,126)
Proceeds from maturities/calls of investment securities held to maturity 605,664 134,736
Proceeds from maturities/calls of investment securities available for sale 1,968,339 1,909,462
Proceeds from sales of investment securities available for sale 1,366,909 3,889,386
Proceeds from sales of marketable equity securities 1,111 332,762
Net increase in overnight investments (5,527,727) (1,994,972)
Cash paid to FDIC for settlement of shared-loss agreement (16,103) (99,468)
Proceeds from sales of other real estate 29,666 19,683
Proceeds from sales of premises and equipment 1,194 46
Purchases of premises and equipment (72,463) (98,490)
Business acquisitions, net of cash acquired 0 (59,999)
Other investing activities (18,940) 0
Net cash used in investing activities (6,158,803) (8,640,985)
FINANCING ACTIVITIES    
Net decrease in time deposits (314,004) (759,491)
Net increase in demand and other interest-bearing deposits 6,949,598 8,556,808
Net decrease in short-term borrowings 22,088 (44,344)
Repayments of Other Long-term Debt (29,343) (82,747)
Origination of long-term obligations 0 745,849
Net proceeds from preferred stock issuance 0 339,937
Repurchase of common stock 0 (333,755)
Cash dividends paid (32,363) (21,830)
Net cash (used in) provided by financing activities 6,595,976 8,400,427
Change in cash and due from banks (24,598) (24,300)
Cash and due from banks at beginning of period 362,048 376,719
Cash and due from banks at end of period 337,450 352,419
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Interest 48,926 85,344
Income taxes 871,327 117,716
Transfers of loans to other real estate 7,861 10,295
Dividends declared but not paid 0 3,926
Unsettled call of investment securities 15,000 0
Loans held for sale exchanged for investment securities 177,301 0
Reclassification of portfolio loans to loans held for sale 22,655 (3,464)
Transfers of premises and equipment to other real estate $ 8,593 $ 8,133