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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net Income $ 511,755 $ 209,835
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for loan losses 185,504 253,936
Amortization of intangibles 6,973 7,034
Depreciation and amortization of premises and equipment 39,083 35,966
Net accretion of discounts and amortization of premiums and deferred fees (43,533) (17,371)
Share-based compensation 5,962 0
Impairment losses on long-lived assets 272 11,286
Other-than-temporary impairment on debt securities 0 8,299
Fair value adjustments on mortgage servicing rights 13,123 24,262
FDIC loss share (income) expense (94,725) 12,680
Adjustments (expense) to indemnity reserves on loans sold 6,482 11,302
Earnings from investments under the equity method, net of dividends or distributions (14,772) (11,514)
Deferred income tax (benefit) expense (97,708) 30,471
Loss (gain) on:    
Disposition of premises and equipment and other productive assets 17,694 5,018
Proceeds from insurance claims (14,411) 0
Sale and valuation adjustments of debt securities 0 (83)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (6,734) (16,455)
Sale of foreclosed assets, including write-downs (638) 19,228
Acquisitions of loans held-for-sale (173,644) (204,813)
Proceeds from sale of loans held-for-sale 51,131 68,326
Net originations on loans held-for-sale (186,063) (283,709)
Net decrease (increase) in:    
Trading debt securities 346,455 499,714
Equity securities (2,480) (613)
Accrued income receivable 51,868 (8,297)
Other assets 234,836 (1,882)
Net (decrease) increase in:    
Interest payable (9,933) (9,299)
Pension and other postretirement benefits obligation 3,392 (13,760)
Other liabilities (197,035) 15,178
Total adjustments 121,099 434,904
Net cash provided by operating activities 632,854 644,739
Cash flows from investing activities:    
Net increase in money market investments 647,519 (2,600,853)
Purchases of investment securities:    
Available-for-sale (6,968,920) (2,356,385)
Equity (11,304) (23,822)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 3,925,362 1,225,915
Held-to-maturity 7,184 6,229
Proceeds from sale of investment securities:    
Available-for-sale 0 14,423
Equity 20,925 17,675
Net disbursements on loans (15,604) (77,400)
Proceeds from sale of loans 1,354 415
Acquisition of loan portfolios (461,117) (448,121)
Net payments (to) from FDIC under loss sharing agreements (25,012) (11,520)
Net cash received and acquired from business combination (1,830,050) 0
Return of capital from equity method investments 2,501 8,056
Acquisition of premises and equipment (53,144) (40,158)
Proceeds from insurance claims 14,411 0
Proceeds from sale of:    
Premises and equipment and other productive assets 6,991 6,982
Foreclosed assets 85,622 85,705
Net cash used in investing activities (4,653,282) (4,192,859)
Net increase (decrease) in:    
Deposits 4,193,859 3,751,367
Assets sold under agreements to repurchase (90,805) (105,020)
Other short-term borrowings (95,008) 239,398
Payments of notes payable (226,976) (89,375)
Proceeds from issuance of notes payable 434,706 45,000
Proceeds from issuance of common stock 10,852 5,515
Dividends paid (79,115) (69,162)
Net payments for repurchase of common stock (125,326) (75,662)
Payments related to tax witholding for share-based compensation (2,205) (1,756)
Net cash provided by financing activities 4,019,982 3,700,305
Net (decrease) increase in cash and due from banks, and restricted cash (446) 152,185
Cash and due from banks and restricted cash at beginning of period 412,629 374,196
Cash and due from banks and restricted cash at end of period [1] $ 412,183 $ 526,381
[1]
Refer to Note 5 - Restrictions on cash and due from banks and certain securities for nature of restrictions.