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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES:      
Net income $ 353,885 $ 422,712 $ 438,214
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 137,190 50,438 42,694
Provision for depreciation and amortization 43,769 41,145 38,679
Amortization of investment security premiums, net 59,863 27,631 26,224
Deferred income tax (benefit) expense (19,540) 14,195 5,336
Investment securities (gains) losses, net [1] (11,032) (3,626) 488
Net gains on sales of loans held for sale (16,406) (10,127) (6,370)
Proceeds from sales of loans held for sale 297,267 259,153 208,431
Origination Of Loans Held For Sale (313,329) (244,976) (203,775)
Net (increase) decrease in trading securities (770) 3,863 (14,277)
Stock-based compensation 14,915 13,854 12,841
(Increase) decrease in interest receivable (13,399) 3,316 (4,258)
Increase (decrease) in interest payable (9,444) 5,586 2,137
Increase (decrease) in income taxes payable 12,345 14,465 12,288
Gain on sale of Corporate Trust business 0 (11,472) 0
Proceeds From the Termination of Interest Rate Floors 156,740 0 0
Other changes, net (68,062) (73,363) (5,992)
Net cash provided by (used in) operating activities 623,992 512,794 552,660
INVESTING ACTIVITIES      
Proceeds from sales of available for sale securities [1] 602,477 413,203 708,864
Proceeds from maturities/pay downs of available for sale securities [1] 2,673,510 1,558,244 1,510,985
Purchases of available for sale securities [1] (6,991,460) (1,863,180) (2,090,333)
Net (increase) decrease in loans (1,643,775) (647,890) (200,673)
Repayments of long-term securities purchased under agreements to resell 0 (150,000) (100,000)
Proceeds from Securities Purchased under Agreements to Resell 0 0 100,000
Purchases of land, buildings and equipment (33,134) (42,575) (33,294)
Sales of land, buildings and equipment 1,878 2,033 13,427
Net cash provided by (used in) investing activities (5,390,504) (730,165) (91,024)
FINANCING ACTIVITIES      
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits 6,316,100 85,438 60,278
Net increase (decrease) in time open and C.D.’s (163,321) 349,890 (108,742)
Net increase (decrease) in short-term federal funds purchased and securities sold under agreements to repurchase 247,611 (105,617) 449,251
Net Increase (Decrease) in Short-Term Borrowings (1,616) (6,394) 6,944
Payments for Repurchase of Redeemable Preferred Stock (150,000) 0 0
Purchases of treasury stock (54,163) (134,904) (75,231)
Accelerated stock repurchase agreement 0 (150,000) 0
Issuance of stock under equity compensation plans (11) (8) (10)
Cash dividends paid on common stock (120,818) (113,466) (100,238)
Cash dividends paid on preferred stock (6,750) (9,000) (9,000)
Net cash provided by (used in) financing activities 6,067,032 (84,061) 223,252
Increase (decrease) in cash and cash equivalents 1,300,520 (301,432) 684,888
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Year 907,808 1,209,240 524,352
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Year 2,208,328 907,808 1,209,240
Supplemental Cash Flow Information:      
Income tax payments, net 90,066 76,168 84,172
Interest paid on deposits and borrowings 52,245 97,806 63,239
Loans transferred to foreclosed real estate $ 93 $ 581 $ 1,551
[1] Available for sale debt securities, equity securities, and other securities.