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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 97,577 $ 106,552
Adjustments to reconcile net income to net cash provided by operating activities:    
(Recovery of) provision for loan losses (1,222) 9,571
Depreciation 6,950 8,382
Amortization of discounts and premiums, net 1,195 (2,044)
Net gain on sales of securities (5,409)  
Gain on trading securities activity (35) (172)
Net loss (gain) on sales of loans 10 (37)
Stock-based compensation 7,910 9,762
Deferred tax expense 2,811 3,175
Changes in operating assets and liabilities:    
Increase in other assets [1] 15,797 18,868
Increase (decrease) in other liabilities [2] 32,818 (5,960)
Purchases of securities held for trading (22,500) (110,000)
Proceeds from sales of securities held for trading 22,535 110,172
Net cash provided by operating activities 158,437 148,269
Cash Flows from Investing Activities:    
Proceeds from repayment of securities available for sale 316,103 346,614
Proceeds from sales of securities available for sale 272,849 0
Purchase of securities available for sale (655,425) (292,927)
Redemption of Federal Home Loan Bank stock 58,643 12,330
Purchases of Federal Home Loan Bank stock (2,250) (31,500)
Proceeds from bank-owned life insurance 2,664 7,785
Proceeds from sales of loans 29,326 31,528
Other changes in loans, net (391,409) (535,564)
Dispositions (purchase) of premises and equipment, net 1,946 (4,039)
Net cash used in investing activities (367,553) (465,773)
Cash Flows from Financing Activities:    
Net increase in deposits 836,695 133,271
Proceeds from long-term borrowed funds 749,820 1,950,000
Repayments of long-term borrowed funds (1,700,000) (1,520,000)
Cash dividends paid on common stock (79,340) (83,242)
Cash dividends paid on preferred stock (8,207) (8,207)
Treasury stock repurchased (67,125)  
Payments relating to treasury shares received for restricted stock award tax payments (7,663) (1,715)
Net cash (used in) provided by financing activities (275,820) 470,107
Net decrease in cash, cash equivalents, and restricted cash (484,936) 152,603
Cash, cash equivalents, and restricted cash at beginning of period 1,474,955 2,528,169
Cash, cash equivalents, and restricted cash at end of period 990,019 2,680,772
Supplemental information:    
Cash paid for interest 187,890 131,160
Cash paid for income taxes 5,908 5,236
Non-cash investing and financing activities:    
Transfers to repossessed assets from loans 2,840 800
Operating lease liabilities arising from obtaining right-of-use assets 324,360  
Transfer of loans from held for investment to held for sale 29,336 31,491
Dispositions of premises and equipment 1,245  
Shares issued for restricted stock awards $ 15,058 $ 8,566
[1] Includes $11.7 million of amortization of operating lease right-of-use assets for the three months ended March 31, 2019.
[2] Includes $11.7 million of amortization of operating lease liability for the three months ended March 31, 2019.