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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ 560,065 $ 223,286
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Reversal of) provision for credit losses (51,041) 343,956
Depreciation, amortization, and accretion, net 124,065 77,385
Deferred income tax expense (benefit) 36,213 (60,433)
Originations of loans held for sale (2,872,628) (2,221,302)
Proceeds from sales and payments on loans held for sale 3,117,269 1,657,738
Gain on sales of loans held for sale, net (36,930) (50,001)
Increase in other assets (27,443) (397,220)
(Decrease) increase in other liabilities (28,741) 234,018
Investment securities losses (gains), net 1,028 (76,594)
Goodwill impairment 0 44,877
Share-based compensation expense 21,485 13,873
Other 0 2,057
Net cash provided by (used in) operating activities 843,342 (208,360)
Investing Activities    
Proceeds from maturities and principal collections of investment securities available for sale 2,279,073 1,567,889
Proceeds from sales of investment securities available for sale 223,977 2,529,722
Purchases of investment securities available for sale (5,447,210) (4,778,166)
Proceeds from sales of loans 105,753 1,293,366
Purchases of loans (1,494,924) 0
Net decrease (increase) in loans 1,238,658 (3,703,203)
Net (purchases) redemptions of Federal Home Loan Bank stock (1,200) 96,772
Net purchases of Federal Reserve Bank stock (1,210) (454)
Net proceeds from settlement (purchases) of bank-owned life insurance policies 7,094 (248,023)
Net increase in premises, equipment and software (19,996) (22,786)
Other 8,852 41,345
Net cash used in investing activities (3,101,133) (3,223,538)
Financing Activities    
Net increase in deposits 996,848 6,259,108
Net increase in federal funds purchased and securities sold under repurchase agreements 34,626 36,655
Net decrease in other short-term borrowings (7,717) (1,353,560)
Repayments and redemption of long-term debt 0 (1,776,913)
Proceeds from issuance of long-term debt, net 0 1,248,441
Dividends paid to common shareholders (146,578) (141,353)
Dividends paid to preferred shareholders (24,872) (24,872)
Repurchases of common stock (167,142) (16,246)
Issuances, net of taxes paid, under equity compensation plans 8,233 (917)
Other (1,104) 0
Net cash provided by financing activities 692,294 4,230,343
(Decrease) increase in cash and cash equivalents including restricted cash (1,565,497) 798,445
Cash, cash equivalents, and restricted cash, at beginning of period 4,252,917 1,186,918
Cash, cash equivalents, and restricted cash at end of period 2,687,420 1,985,363
Supplemental Disclosures:    
Income taxes paid 150,722 68,253
Interest paid 108,889 267,582
Non-cash Activities    
Securities sold during the period but settled after period end 196,289 0
Premises and equipment transferred to other assets held for sale 22,725 0
Loans foreclosed and transferred to other real estate 964 2,163
Loans transferred (from) to other loans held for sale at fair value (1,462) 46,178
Dividends declared on common stock during the period but paid after period-end 48,099 48,614
Dividends declared on preferred stock during the period but paid after period-end $ 5,141 $ 5,141