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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 120,632 $ 186,483 $ 178,871
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 46,367 33,121 35,696
Provision for credit losses 235,989 12,777 13,783
Deferred income taxes (44,282) (1,492) 15,176
Other-than-temporary impairment on securities 0   (991)
(Gains) losses on sale of securities, net (50) (2,711) 655
Trading securities revenue (486)    
Purchases of trading securities (201,095)    
Proceeds from sale of trading securities 190,907    
Share-based compensation expense 23,318 8,839 8,783
Accretion of discount related to acquired loans (56,170) (12,986) (27,756)
Losses on disposal of premises and equipment 5,010 3,617 1,568
(Gains) losses on sale of bank premises and other repossessed real estate (546) 178 (1,969)
Net amortization of premiums on investment securities 22,231 7,260 7,567
Bank premises and other repossessed real estate write downs 1,085 1,193 1,420
Fair value adjustment for loans held for sale 4,705 (1,057) (521)
Originations and purchases of loans held for sale (2,959,310) (847,684) (622,589)
Proceeds from sales of loans held for sale 3,297,155 824,712 679,811
Gains on sales of loans held for sale (120,077) (12,408) (8,739)
Bank owned life insurance income (10,170) (5,567) (5,556)
Net change in:      
Accrued interest receivable (19,362) (777) (3,269)
Prepaid assets (8,945) (2,411) 1,951
Operating leases 6,434 1,457  
Bank owned life insurance (1,231) 1,105 583
Derivative assets 98,807 (10,373) (5,157)
Miscellaneous other assets 27,365 (29,932) 8,962
Accrued interest payable (3,683) 197 1,930
Accrued income taxes (77,946) (8,536) 143
Derivative liabilities (113,788) 26,064 4,545
Miscellaneous other liabilities 74,079 9,959 (1,186)
Net cash provided by operating activities 536,943 181,028 283,711
Cash flows from investing activities:      
Proceeds from sales of investment securities available-for-sale 100,754 242,733 73,054
Proceeds from maturities and calls of investment securities held-to-maturity 2,534   2,530
Proceeds from maturities and calls of investment securities available-for-sale 957,250 308,109 224,713
Proceeds from sales of other investment securities 71,788 45 15,938
Purchases of investment securities available-for-sale (1,309,450) (955,505) (191,313)
Purchases of investment securities held-to-maturity (958,391)    
Purchases of other investment securities (85,511) (23,566) (18,494)
Net increase in loans (156,360) (363,446) (391,428)
Net cash received from acquisitions 2,566,376    
Recoveries of loans previously charged off 11,776 3,914 3,300
Purchases of premises and equipment (16,930) (15,798) (14,538)
Proceeds from redemption and payout of bank owned life insurance policies 19,655    
Proceeds from sale of bank premises and other repossessed real estate 19,156 8,450 13,943
Proceeds from sale of premises and equipment 7,131 11 146
Net cash provided by (used in) investing activities 1,229,778 (795,053) (282,149)
Cash flows from financing activities:      
Net increase in deposits 2,902,023 530,163 114,779
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings 79,379 28,092 (16,208)
Proceeds from borrowings 500,000 700,001 590,001
Repayment of borrowings (1,200,103) (150,007) (540,007)
Common stock issuance 1,537 1,394 1,331
Common stock repurchases (32,431) (159,431) (70,577)
Dividends paid on common stock (98,256) (57,696) (50,557)
Stock options exercised 1,681 1,230 1,032
Net cash provided by financing activities 2,153,830 893,746 29,794
Net increase in cash and cash equivalents 3,920,551 279,721 31,356
Cash and cash equivalents at beginning of period 688,704 408,983 377,627
Cash and cash equivalents at end of period 4,609,255 688,704 408,983
Cash paid for:      
Interest 87,246 86,355 52,062
Income taxes 103,801 55,674 31,941
Initial measurement and recognition of operating lease assets in exchange for lease liabilities per ASU 2016-02   82,160  
Recognition of operating lease assets in exchange for lease liabilities 9,426 10,239  
Acquisitions:      
Fair value of tangible assets acquired 18,825,354   (7,247)
Other intangible assets acquired 140,862   3,321
Liabilities assumed 17,270,550   (612)
Net identifiable assets acquired over liabilities assumed 561,042   (3,314)
Common stock issued in acquisition 2,246,327    
Real estate acquired in full or in partial settlement of loans $ 4,660 $ 8,666 $ 13,391