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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income $ 422,895 $ 393,795
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 50,794 41,415
Depreciation, amortization and accretion 44,686 39,630
Provision for credit losses 43,120 13,451
Gain on mortgage loans sold, net (7,333) (28,180)
Investment gains on sales, net (156) (366)
Gain on other equity investments, net 9,104 19,000
Stock-based compensation expense 30,882 17,834
Deferred tax expense 1,263 2,317
Gains on dispositions of other real estate and other investments (179) (986)
Gain on remeasurement of previously held noncontrolling interest (5,500)  
Income from equity method investment (124,461) (91,430)
Dividends received from equity method investment 59,401 66,221
Excess tax benefit from stock compensation (2,921) (2,201)
Gain on commercial loans sold, net (2,274) (3,136)
Decrease (increase) in other assets (56,223) 22,093
Increase (decrease) in other liabilities 43,140 (58,720)
Net cash provided by operating activities 500,207 438,680
Activities in securities available-for-sale:    
Purchases (668,860) (1,607,533)
Sales 29,501 2,240
Maturities, prepayments and calls 336,933 456,547
Activities in securities held-to-maturity:    
Purchases (804,841) (8,710)
Maturities, prepayments and calls 59,038 33,864
Proceeds from Securities Purchased under Agreements to Resell 471,001  
Net decrease (increase) in securities purchased under agreements to resell   (500,000)
Increase in loans, net (4,290,474) (662,490)
Purchases of software, premises and equipment (47,468) (16,616)
Proceeds from sales of software, premises and equipment 656 281
Proceeds from sale of other real estate 994 5,728
Purchase of bank owned life insurance policies (100,000) 0
Proceeds from bank owned life insurance settlements 1,002 954
Proceeds from derivative instruments 0 99,710
Proceeds from sale (purchase) of FHLB stock, net (12,389)  
Proceeds from sale (purchase) of FHLB stock, net   12,602
Acquisition, net of cash acquired (30,415) 0
Increase in other investments (68,945) (44,568)
Net cash used in investing activities (5,124,267) (2,227,991)
Financing activities:    
Net increase in deposits 2,390,200 1,664,344
Net increase in securities sold under agreements to repurchase 37,995 20,076
Federal Home Loan Bank: Advances 400,000 0
Federal Home Loan Bank: Repayments/maturities (400,000) (200,000)
Repayments of other borrowings (29,547) (130,000)
Principal payments of finance lease obligation (207) (194)
Issuance of common stock pursuant to RSU and PSU agreements, net of shares withheld for taxes (5,462) (3,790)
Exercise of common stock options, net of shares surrendered for taxes (4,425) (3,042)
Common stock dividends paid (51,115) (41,633)
Preferred stock dividends paid (11,394) (11,394)
Net cash provided by financing activities 2,326,045 1,294,367
Net decrease in cash, cash equivalents, and restricted cash (2,298,015) (494,944)
Cash, cash equivalents, and restricted cash, beginning of period 4,101,539 3,961,449
Cash, cash equivalents, and restricted cash, end of period 1,803,524 3,466,505
Commercial Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loans held-for-sale originated (411,833) (433,555)
Loans held-for-sale sold 416,380 418,770
Consumer Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loans held-for-sale originated (1,263,024) (1,579,745)
Loans held-for-sale sold $ 1,270,654 $ 1,640,473