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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income $ 370,249 $ 142,413 $ 186,777
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and accretion, including amortization of purchase accounting adjustments and market value adjustments (7,534) (4,113) 10,633
Provision for credit losses 40,385 51,708 41,521
Share-based compensation cost - equity awards 20,278 16,436 14,523
Loss (gain) on sale of OREO and long-lived assets, net of impairment 4,429 1,581 (3,298)
Loss (gain) on sale of available for sale securities 49,900 148 (2,001)
(Gain) loss on early termination of FDIC loss share agreements (2,708) 0 17,798
Cash paid for early termination of FDIC loss share agreements (5,637) 0 (6,502)
Deferred income tax expense (benefit) 153,518 71,257 (16,654)
Originations of mortgage loans held for sale (1,469,847) (1,844,358) (2,460,033)
Proceeds from sales of mortgage loans held for sale 1,543,724 1,922,003 2,525,945
Realized and unrealized (gain) on mortgage loans held for sale, net (45,338) (62,438) (74,486)
Other operating activities, net (204,998) (30,991) 73,865
Net Cash Provided by Operating Activities 446,421 263,646 308,088
Cash Flows from Investing Activities      
Proceeds from sales of available for sale securities 1,035,482 682,349 197,733
Proceeds from maturities, prepayments and calls of available for sale securities 635,183 568,250 484,138
Purchases of available for sale securities, net of available for sale securities acquired (1,959,952) (1,475,008) (1,384,525)
Proceeds from maturities, prepayments and calls of held to maturity securities 16,841 8,687 8,791
Purchases of held to maturity securities 0 (148,234) 0
Purchases of equity securities, net of equity securities acquired (30,904) (71,684) (31,530)
Proceeds from sales of equity securities 88,200 21,532 0
Increase in loans, net of loans acquired (949,953) (976,488) (704,025)
Proceeds from sale of premises and equipment 6,374 354 1,941
Purchases of premises and equipment, net of premises and equipment acquired (13,730) (37,763) (12,840)
Proceeds from dispositions of OREO 15,810 25,624 33,236
Cash paid for additional investment in tax credit entities (18,818) (16,401) (19,208)
Cash received (paid) for acquisition of a business, net of cash paid 99,318 (490,435) 0
Purchase of bank owned life insurance policies (50,000) 0 (24,058)
Other investing activities, net 343 636 25,950
Net Cash Used in Investing Activities (1,125,806) (1,908,581) (1,424,397)
Cash Flows from Financing Activities      
Increase (decrease) in deposits, net of deposits acquired 1,232,603 (323,257) 1,230,008
Net change in short-term borrowings, net of borrowings acquired 491,585 (38,377) 182,518
Proceeds from long-term debt, net of long-term debt acquired 937,917 964,974 304,728
Repayments of long-term debt (1,672,033) (97,259) (15,025)
Cash dividends paid on common stock (84,782) (72,772) (56,793)
Cash dividends paid on preferred stock (9,095) (9,095) (7,028)
Proceeds (Payments) for Stock Transactions Related to Treasury Stock Purchased and Stock Options Exercised (3,226) (832) 6,899
Payments to repurchase common stock (148,855) 0 (11,666)
Net proceeds from issuance of common stock 0 485,151 279,242
Net proceeds from issuance of preferred stock 0 0 55,285
Net Cash Provided by Financing Activities 744,114 908,533 1,968,168
Net Increase (Decrease) In Cash and Cash Equivalents 64,729 (736,402) 851,859
Cash and Cash Equivalents at Beginning of Period 625,724 1,362,126 510,267
Cash and Cash Equivalents at End of Period 690,453 625,724 1,362,126
Supplemental Schedule of Non-cash Activities      
Acquisition of real estate in settlement of loans 12,557 18,170 9,743
Common stock issued in acquisitions 214,659 211,043 0
Cash paid for:      
Interest on deposits and borrowings, net of acquired 198,905 102,558 70,084
Income taxes, net $ 34,313 $ 77,034 $ 79,784