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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net income $ 527,323 $ 312,321 $ 400,881
Net amortization/accretion of premium/discount on securities 59,066 38,051 20,294
Depreciation, amortization and accretion 53,256 45,203 8,342
Provision for credit losses 16,126 203,815 27,283
Gains on mortgage loans sold, net (32,424) (60,042) (24,335)
Investment losses (gains) on sales, net (759) (986) 5,941
Gain on other equity investments, net (23,109) (1,071) (2,789)
Stock-based compensation expense 24,952 18,737 21,226
Deferred tax expense (benefit) (12,232) (58,315) 14,696
Losses (gains) on disposition of other real estate and other investments (1,168) 7,604 2,927
Income from equity method investment 122,274 83,539 90,111
Dividends received from equity method investment 69,996 53,020 51,312
Excess tax benefit from stock compensation 2,475 417 1,011
Gains on commercial loans sold, net 4,143 2,620 3,624
Decrease (increase) in other assets (73,527) 157,294 57,499
Increase (decrease) in other liabilities (60,315) 69,241 79,264
Net cash provided by operating activities 657,444 426,754 431,499
Payments to Acquire Debt Securities, Available-for-sale 2,107,794 1,412,210 1,455,073
Proceeds from Sale of Debt Securities, Available-for-sale 37,457 145,631 737,717
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale 617,054 469,337 372,300
Payments to Acquire Held-to-maturity Securities 186,260 0 3,822
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 40,442 20,473 8,300
Increase in securities purchased under agreements to resell (1,000,000) 0 0
Increase in loans, net 1,027,185 2,661,316 1,927,811
Purchases of premises and equipment and software 23,178 38,761 42,153
Purchase of bank owned life insurance 0 75,000 110,000
Proceeds from bank owned life insurance settlement 1,656 6,486 321
Proceeds from sales of software, premises, and equipment 281 0 66
Acquisitions, net of cash acquired 0 0 44,594
Proceeds from sale of other real estate 6,090 13,272 8,446
Proceeds from (payments for) derivative instruments 99,710 35,680 (106,832)
Proceeds from sale of Federal Home Loan Bank stock 12,602 0 0
Purchase of trade name 0 1,000 0
Increase in other investments 83,830 70,183 53,137
Net cash used in investing activities (3,612,955) (3,567,591) (2,616,272)
Net increase in deposits 3,599,084 7,524,867 1,332,491
Net increase in securities sold under agreements to repurchase 24,395 1,810 21,613
Federal Home Loan Bank: Advances 0 762,473 2,672,500
Federal Home Loan Bank: Repayments/maturities 200,001 1,737,521 2,053,555
Proceeds from subordinated debt and other borrowings, net of issuance costs 0 56,568 316,078
Repayments of Notes Payable (250,000) (136,661) (184,175)
Principal payments of finance lease obligation 261 243 226
Issuance of preferred stock, net of issuance costs 0 217,126 0
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes (3,790) (2,488) 0
Proceeds From Stock Options Exercised, Net of Repurchase of Restricted Shares 3,130 2,577 3,694
Repurchase of common stock 0 50,790 61,416
Common dividends paid 55,504 49,389 49,828
Preferred stock dividends paid 15,192 7,596 0
Net cash provided by financing activities 3,095,601 6,575,579 1,989,788
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 140,090 3,434,742 (194,985)
Cash, cash equivalents and restricted cash, beginning of year 3,961,449 526,707 721,692
Cash, cash equivalents and restricted cash, end of year 4,101,539 3,961,449 526,707
Commercial Loan [Member]      
Payments for Origination and Purchases of Loans Held-for-sale 564,647 407,578 402,623
Proceeds from Sale of Loans Held-for-sale 582,305 396,584 404,615
Consumer Loan [Member]      
Payments for Origination and Purchases of Loans Held-for-sale 2,037,897 2,122,796 1,396,968
Proceeds from Sale of Loans Held-for-sale $ 2,112,336 $ 2,176,836 $ 1,373,678