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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 293,869 $ 320,678
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 5,403 15,486
Depreciation 20,471 24,388
Amortization of discounts and premiums, net 3,690 (3,868)
Net gain on securities (7,755)  
Gain on trading activity (66) (222)
Net loss (gain) on sales of loans 43 (124)
Stock-based compensation 23,937 28,069
Deferred tax expense 41,655 35,105
Changes in operating assets and liabilities:    
Decrease in other assets [1] (30,826) (214,040)
Decrease in other liabilities [2] (11,527) (21,101)
Purchases of securities held for trading (42,500) (141,615)
Proceeds from sales of securities held for trading 42,566 141,837
Proceeds from sales of loans originated for sale   35,258
Net cash provided by operating activities 338,960 219,851
Cash Flows from Investing Activities:    
Proceeds from repayment of securities available for sale 1,579,297 725,328
Proceeds from sales of securities available for sale 363,621  
Purchase of securities available for sale (2,103,973) (2,095,742)
Redemption of Federal Home Loan Bank stock 114,097 57,101
Purchases of Federal Home Loan Bank stock (75,878) (108,221)
Purchases of (proceeds from) bank-owned life insurance, net (29,332) 10,968
Proceeds from sales of loans 91,074 180,377
Purchases of loans (20,206)  
Other changes in loans, net (765,013) (1,644,430)
Dispositions (purchase) of premises and equipment, net (646) (8,251)
Net cash used in investing activities (846,959) (2,882,870)
Cash Flows from Financing Activities:    
Net increase in deposits 807,746 1,217,121
Proceeds from long-term borrowed funds 3,285,812 3,700,000
Repayments of long-term borrowed funds (3,868,000) (2,773,500)
Cash dividends paid on common stock (238,043) (249,968)
Cash dividends paid on preferred stock (24,621) (24,621)
Treasury stock repurchased (67,125)  
Payments relating to treasury shares received for restricted stock award tax payments (8,047) (2,428)
Net cash (used in) provided by financing activities (112,278) 1,866,604
Net decrease in cash, cash equivalents, and restricted cash (620,277) (796,415)
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 854,678 1,731,754
Supplemental information:    
Cash paid for interest 622,027 444,444
Cash paid for income taxes 75,280 23,384
Non-cash investing and financing activities:    
Transfers to repossessed assets from loans 3,027 3,124
Operating lease liabilities arising from obtaining right-of-use assets as of January 1, 2019 324,360  
Securitization of residential mortgage loans to mortgage-backed securities available for sale 20,206  
Transfer of loans from held for investment to held for sale 91,117 180,253
Dispositions of premises and equipment 1,245  
Shares issued for restricted stock awards $ 16,501 $ 8,879
[1] Includes $23.8 million of amortization of operating lease right-of-use assets for the nine months ended September 30, 2019.
[2] Includes $23.8 million of amortization of operating lease liability for the nine months ended September 30, 2019.