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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 211,686 $ 262,632
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (benefit) (15,500) (82,226)
Amortization of intangibles 891 1,051
Depreciation and amortization of premises and equipment 13,630 14,738
Net accretion of discounts and amortization of premiums and deferred fees 15,843 (12,361)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives (3,416) (2,855)
Share-based compensation 8,276 8,905
Impairment losses on right-of-use and long-lived assets 0 303
Fair value adjustments on mortgage servicing rights (1,017) (512)
Adjustments to indemnity reserves on loans sold 745 698
Earnings from investments under the equity method, net of dividends or distributions (15,099) (12,088)
Deferred income tax expense 22,129 69,633
(Loss) gain on:    
Disposition of premises and equipment and other productive assets (2,363) (4,443)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities 1,534 (4,977)
Sale of foreclosed assets, including write-downs (7,566) (6,090)
Acquisitions of loans held-for-sale (55,134) (63,261)
Proceeds from sale of loans held-for-sale 19,739 218,483
Net originations on loans held-for-sale (98,356) (327,742)
Net decrease (increase) in:    
Trading debt securities 136,941 182,659
Equity securities (111) (3,197)
Accrued income receivable (1,379) (6,728)
Other assets 4,068 (4,942)
Net decrease in:    
Interest payable (7,106) (8,498)
Pension and other postretirement benefits obligation (196) (1,071)
Other liabilities (31,053) (27,714)
Total adjustments (14,500) (72,235)
Net cash provided by operating activities 197,186 190,397
Cash flows from investing activities:    
Net decrease in money market investments 7,467,248 72,284
Purchases of investment securities:    
Available-for-sale (5,747,659) (6,828,725)
Equity (845) (1,296)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 3,109,090 4,492,494
Held-to-maturity 4,114 3,339
Proceeds from sale of investment securities:    
Equity 4,585 64
Net (disbursements) repayments on loans (236,365) 290,232
Proceeds from sale of loans 752 48,156
Acquisition of loan portfolios (119,479) (86,071)
Return of capital from equity method investments 0 682
Acquisition of premises and equipment (15,205) (17,850)
Proceeds from sale of:    
Premises and equipment and other productive assets 578 8,497
Foreclosed assets 23,631 24,968
Net cash provided by (used in) investing activities 4,490,445 (1,993,226)
Net (decrease) increase in:    
Deposits (4,141,068) 1,881,314
Assets sold under agreements to repurchase (18,784) (34,469)
Other short-term borrowings (75,000) 0
Payment of notes payable (1,000) (1,075)
Principal payments of finance leases (833) (1,133)
Proceeds from issuance of common stock 1,199 1,118
Dividends paid (36,289) (34,053)
Net payments for repurchase of common stock (400,604) (279)
Payments related to tax witholding for share-based compensation (4,316) (3,663)
Net cash (used in) provided by financing activities (4,676,695) 1,807,760
Net increase in cash and due from banks, and restricted cash 10,936 4,931
Cash and due from banks and restricted cash at beginning of period 434,512 497,094
Cash and due from banks and restricted cash at end of period $ 445,448 $ 502,025