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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 205,675 $ 194,823
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 38,176 622
Depreciation 12,667 13,771
Amortization of discounts and premiums, net 9,614 2,403
Net gain on sales of securities (1,421) (7,480)
Gain on trading activity   (35)
Net loss on sales of loans 4 31
Stock-based compensation 16,308 15,813
Deferred tax expense 76,963 19,362
Changes in operating assets and liabilities:    
Increase in other assets [1] (98,462) (31,751)
(Decrease) increase in other liabilities [2] (9,213) 51,381
Purchases of securities held for trading   (22,500)
Proceeds from sales of securities held for trading   22,535
Held for sale originations (103,362)  
Net cash provided by operating activities 146,949 258,975
Cash Flows from Investing Activities:    
Proceeds from repayment of securities available for sale 959,743 507,198
Proceeds from sales of securities available for sale 442,075 363,346
Purchase of securities available for sale (734,650) (912,974)
Redemption of Federal Home Loan Bank stock 126,726 85,349
Purchases of Federal Home Loan Bank stock (147,862) (23,107)
Proceeds from bank-owned life insurance, net 1,772 2,664
Proceeds from sales of loans 3,124 70,387
Purchases of loans (47,766)  
Other changes in loans, net (379,463) (790,541)
Dispositions of premises and equipment, net 2,779 58
Net cash provided by (used in) investing activities 226,478 (697,620)
Cash Flows from Financing Activities:    
Net increase in deposits 72,449 1,568,096
Net increase in short-term borrowed funds 1,450,000  
Proceeds from long-term borrowed funds 3,125,000 1,504,820
Repayments of long-term borrowed funds (4,125,000) (2,631,000)
Cash dividends paid on common stock (158,092) (158,690)
Cash dividends paid on preferred stock (16,414) (16,414)
Treasury stock repurchased (50,190) (67,125)
Payments relating to treasury shares received for restricted stock award tax payments (8,523) (7,702)
Net cash provided by financing activities 289,230 191,985
Net increase (decrease) in cash, cash equivalents, and restricted cash 662,657 (246,660)
Cash, cash equivalents, and restricted cash at beginning of period 741,870 1,474,955
Cash, cash equivalents, and restricted cash at end of period 1,404,527 1,228,295
Supplemental information:    
Cash paid for interest 369,460 380,540
Cash paid for income taxes 10,386 75,280
Non-cash investing and financing activities:    
Transfers to repossessed assets from loans 120 3,027
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 41,871  
Transfer of loans from held for investment to held for sale   70,418
Dispositions of premises and equipment   1,245
Shares issued for restricted stock awards $ 22,198 $ 16,279
[1]

Includes $8.6 million and $16.3 million of amortization of operating lease right-of-use assets for the six months ended June 30, 2020 and June 30, 2019, respectively.

[2]

Includes $8.6 million and $16.3 million of amortization of operating lease liability for the six months ended June 30, 2020 and June 30, 2019, respectively.