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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net Income $ 339,031 $ 371,107
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for loan losses 82,016 131,117
Amortization of intangibles 4,683 4,649
Depreciation and amortization of premises and equipment 28,724 25,575
Net accretion of discounts and amortization of premiums and deferred fees (82,053) (15,246)
Share-based compensation 10,408 5,445
Impairment losses on long-lived assets 0 272
Fair value adjustments on mortgage servicing rights 21,011 8,929
FDIC loss share expense 0 (94,725)
Adjustments (expense) to indemnity reserves on loans sold (1,747) 3,453
Earnings from investments under the equity method, net of dividends or distributions (7,257) (5,400)
Deferred income tax expense 75,083 (141,066)
Gain on:    
Disposition of premises and equipment and other productive assets (4,141) (680)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (5,939) (3,602)
Sale of foreclosed assets, including write-downs (9,826) 566
Acquisitions of loans held-for-sale (103,233) (112,687)
Proceeds from sale of loans held-for-sale 31,063 29,519
Net originations on loans held-for-sale (125,707) (112,975)
Net decrease (increase) in:    
Trading debt securities 215,569 218,904
Equity securities (5,911) (1,124)
Accrued income receivable (4,864) 48,252
Other assets (3,563) 189,540
Net (decrease) increase in:    
Interest payable 913 50
Pension and other postretirement benefits obligation 10,399 2,363
Other liabilities (125,317) (181,094)
Total adjustments 311 35
Net cash provided by operating activities 339,342 371,142
Cash flows from investing activities:    
Net decrease in money market investments 997,694 (3,371,774)
Purchases of investment securities:    
Available-for-sale (9,684,912) (2,767,257)
Equity (12,706) (11,176)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 6,789,265 2,291,230
Held-to-maturity 2,980 3,030
Proceeds from sale of investment securities:    
Equity 6,047 18,387
Net (disbursements) repayments on loans (324,067) 61,890
Proceeds from sale of loans 29,943 0
Acquisition of loan portfolios (312,752) (326,503)
Payments to acquire other intangible (793) 0
Net payments (to) from FDIC under loss sharing agreements 0 (25,012)
Return of capital from equity method investments 1,397 1,519
Acquisition of premises and equipment (37,926) (31,690)
Proceeds from insurance claims 0 720
Proceeds from sale of:    
Premises and equipment and other productive assets 14,815 5,222
Foreclosed assets 59,304 59,497
Net cash used in investing activities (2,471,711) (4,091,917)
Net increase (decrease) in:    
Deposits 2,348,495 3,921,033
Assets sold under agreements to repurchase (48,439) (84,010)
Other short-term borrowings 159,959 (95,008)
Payments of notes payable (99,758) (115,749)
Principal payments of finance leases (837) 0
Proceeds from issuance of notes payable 75,000 140,000
Proceeds from issuance of common stock 4,650 8,818
Dividends paid (55,631) (52,617)
Net payments for repurchase of common stock (250,410) (270)
Payments related to tax witholding for share-based compensation (4,229) (2,162)
Net cash provided by financing activities 2,128,800 3,720,035
Net (decrease) increase in cash and due from banks, and restricted cash (3,569) (740)
Cash and due from banks and restricted cash at beginning of period 403,251 412,629
Cash and due from banks and restricted cash at end of period $ 399,682 $ 411,889