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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net income $ 301,579 $ 240,210
Depreciation, amortization, and accretion, including amortization of purchase accounting adjustments, and market value adjustments 5,638 (1,644)
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 33,504 27,290
Share-based compensation expense - equity awards 17,300 15,144
(Gain) loss on sale of OREO and long-lived assets, net of impairment (1,657) 6,831
Securities losses, net 987 56
(Gain) loss on early termination of FDIC loss share agreements 0 (2,708)
Cash paid for early termination of FDIC loss share agreements 0 (5,637)
Deferred income tax expense 29,407 31,348
Originations of mortgage loans held for sale (1,443,094) (1,139,117)
Proceeds from sales of mortgage loans held for sale 1,347,850 1,260,962
Realized and unrealized (gain) on mortgage loans held for sale, net (52,873) (35,244)
Other operating activities, net 200,074 (36,390)
Net Cash Provided by Operating Activities 438,715 361,101
Cash Flows from Investing Activities    
Proceeds from sales of securities available for sale 299,513 18,867
Proceeds from maturities, prepayments and calls of securities available for sale 549,747 493,095
Purchases of securities available for sale, net of securities available for sale acquired (199,321) (711,258)
Proceeds from maturities, prepayments and calls of securities held to maturity 20,353 11,464
Purchases of equity securities, net of equity securities acquired (15,154) (21,090)
Proceeds from sales of equity securities 25,741 70,371
Increase in loans, net of loans acquired (1,135,759) (767,715)
Proceeds from sales of premises and equipment 1,149 5,698
Purchases of premises and equipment, net of premises and equipment acquired (17,030) (11,575)
Proceeds from dispositions of OREO 9,471 12,166
Cash paid for additional investment in tax credit entities (6,060) (6,059)
Cash received for acquisition of a business, net of cash paid 0 99,318
Purchase of bank owned life insurance policies 0 (50,000)
Other investing activities, net 999 595
Net Cash Used in Investing Activities 268,116 345,233
Net Cash Provided by (Used in) Investing Activities (466,351) (856,123)
Cash Flows from Financing Activities    
Increase in deposits, net of deposits acquired 1,213,854 662,680
Net change in short-term borrowings (984,833) 251,422
Proceeds from long-term debt, net of long-term debt acquired 500,000 927,884
Repayments of long-term debt (271,562) (1,361,482)
Cash dividends paid on common stock (68,667) (62,937)
Cash dividends paid on preferred stock (8,146) (8,146)
Net share-based compensation stock transactions (4,178) (3,142)
Payments to repurchase common stock (204,740) (61,046)
Net proceeds from issuance of preferred stock 96,388 0
Net Increase (Decrease) In Cash and Cash Equivalents 240,480 (149,789)
Cash and Cash Equivalents at Beginning of Period 690,453 625,724
Cash and Cash Equivalents at End of Period 930,933 475,935
Supplemental Schedule of Non-cash Activities    
Acquisition of real estate in settlement of loans 6,023 13,066
Common stock issued in acquisitions 0 214,659
Supplemental Disclosures    
Cash paid for interest on deposits and borrowings, net of acquired 235,888 137,727
Cash paid for income taxes 57,287 34,968
Cash received from income tax refunds $ 178,288 $ 364