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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income $ 36,425 $ 100,131
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 8,427 4,018
Provision for expected credit losses 68,971 13,763
Share-based compensation expense - equity awards 7,032 5,572
(Gain) loss on sale of OREO and long-lived assets, net of impairment (956) 278
Deferred income tax expense 8,529 17,861
Originations of mortgage loans held for sale (533,032) (326,244)
Proceeds from sales of mortgage loans held for sale 563,199 320,853
Realized and unrealized gain on mortgage loans held for sale, net (24,656) (11,593)
Other operating activities, net (43,782) 152,430
Net Cash Provided by Operating Activities 90,157 277,069
Cash Flows from Investing Activities    
Proceeds from maturities, prepayments and calls of securities available for sale 242,074 136,627
Purchases of securities available for sale (156,706) (179,565)
Proceeds from maturities, prepayments and calls of securities held to maturity 4,316 7,787
Purchases of equity securities 0 (14,753)
Proceeds from sales of equity securities 0 3,637
Increase in loans (517,085) (446,284)
Proceeds from sales of premises and equipment 402 91
Purchases of premises and equipment (7,065) (3,182)
Proceeds from dispositions of OREO 12,237 1,980
Cash paid for additional investment in tax credit entities (673) (2,828)
Other investing activities, net (100) 0
Net Cash Used in Investing Activities (422,600) (496,490)
Cash Flows from Financing Activities    
Increase in deposits 306,888 328,631
Net change in short-term borrowings 186,539 (376,751)
Proceeds from long-term debt 0 400,000
Repayments of long-term debt (55,430) (90,560)
Cash dividends paid on common stock (48,042) (22,466)
Cash dividends paid on preferred stock (3,598) (3,598)
Net share-based compensation stock transactions (3,575) (4,445)
Payments to repurchase common stock 0 (29,946)
Net Cash Provided by Financing Activities 382,782 200,865
Net Increase (Decrease) In Cash and Cash Equivalents 50,339 (18,556)
Cash and Cash Equivalents at Beginning of Period 894,723 690,453
Cash and Cash Equivalents at End of Period 945,062 671,897
Supplemental Schedule of Non-cash Activities    
Acquisition of real estate in settlement of loans 524 2,727
Supplemental Disclosures    
Interest on deposits and borrowings $ 76,890 $ 71,010