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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 107,516 $ 100,027
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,613 17,422
(Accretion) of discount and amortization of premiums, net (15,855) (18,600)
Changes in FDIC indemnification asset and receivable/payable 0 8,422
Stock compensation costs 4,575 3,954
Deferred tax expenses 3,718 3
Tax benefit from stock compensation plans, net (986) (3,145)
Provision for credit losses 1,440 4,987
Net gains on sales of loans (1,927) (9,551)
Net gains on sales of available-for-sale investment securities (3,842) (4,404)
Net gains on sales of OREO and premises and equipment (193) (3,833)
Originations and purchases of loans held for sale (1,403) 0
Proceeds from sales and paydowns/payoffs in loans held for sale 2,229 457
Net payments to FDIC shared-loss agreements 0 (1,810)
Net change in accrued interest receivable and other assets 2,057 5,980
Net change in accrued expenses and other liabilities 57,957 26,413
Other net operating activities (349) (784)
Total adjustments 76,034 25,511
Net cash provided by operating activities 183,550 125,538
Net (increase) decrease in:    
Loans receivable (29,342) (273,715)
Short-term investments (3,531) 13,364
Investments in qualified affordable housing partnerships, tax credit and other investments (8,390) (20,861)
Purchases of:    
Resale agreements (1,000,000) (725,000)
Available-for-sale investment securities (223,873) (517,477)
Loans receivable (including loan participations) (375,783) (182,088)
Proceeds from sales of:    
Available-for-sale investment securities 652,753 180,501
Loans receivable 151,832 679,775
Paydowns and maturities of resale agreements 1,000,000 300,000
Repayments, maturities and redemptions of available-for-sale investment securities 158,268 138,422
Redemption of FHLB stock 10,614 2,636
Other net investing activities (2,022) 7,168
Net cash provided by (used in) investing activities 330,526 (397,275)
Net increase in:    
Deposits 1,116,272 1,154,059
Short-term borrowings 9,962 0
Proceeds from:    
Issuance of common stock pursuant to various stock plans and agreements 0 833
Payments for:    
Repayment of FHLB advances (700,000) 0
Repayment of long-term debt (5,000) (5,000)
Repurchase of vested shares due to employee tax liability (3,054) (5,691)
Cash dividends (29,325) (29,295)
Tax benefit from stock compensation plans, net 986 3,145
Net cash provided by financing activities 389,841 1,118,051
Effect of exchange rate changes on cash and cash equivalents 493 0
NET INCREASE IN CASH AND CASH EQUIVALENTS 904,410 846,314
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,360,887 1,039,885
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,265,297 1,886,199
Cash paid during the period for:    
Interest 24,309 26,707
Income tax (refunds) payments (28,509) 18,458
Noncash investing and financing activities:    
Loans transferred to loans held for sale, net 308,722 820,473
Transfers to OREO 51 3,828
Held-to-maturity investment security retained from securitization of loans 160,135 0
Dividends payable $ 250 $ 361