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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 145,596 $ 100,328
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 3,569 20,601
Depreciation 5,357 6,407
Amortization of discounts and premiums, net 1,344 6,384
Net loss (gain) on securities 483 (534)
Gain on trading activity (94) 0
Net (gain) loss on sales of loans (744) 4
Stock-based compensation 8,612 8,251
Deferred tax expense 31,279 44,465
Changes in operating assets and liabilities:    
Decrease (increase) in other assets [1] 7,891 (34,397)
Decrease in other liabilities [2] (28,007) (20,813)
Purchases of securities held for trading (60,000) 0
Proceeds from sales of securities held for trading 60,094 0
Held for sale originations (51,766) 0
Net cash provided by operating activities 123,614 130,696
Cash Flows from Investing Activities:    
Proceeds from repayment of securities available for sale 495,342 428,098
Proceeds from sales of securities available for sale   369,972
Purchase of securities available for sale (985,594) (483,789)
Redemption of Federal Home Loan Bank stock 15,601 72,567
Purchases of Federal Home Loan Bank stock (580) (88,875)
Proceeds from bank-owned life insurance, net 7,182 1,772
Proceeds from sales of loans 32,929 3,124
Purchases of loans (20,723) (26,300)
Other changes in loans, net (225,019) (380,427)
Purchases of premises and equipment, net (317) (438)
Net cash used in investing activities (681,179) (104,296)
Cash Flows from Financing Activities:    
Net increase in deposits 1,760,323 315,634
Net increase in short-term borrowed funds   1,350,000
Proceeds from long-term borrowed funds 325,000 2,150,000
Repayments of long-term borrowed funds (650,000) (3,125,000)
Cash dividends paid on common stock (79,052) (79,332)
Cash dividends paid on preferred stock (8,207) (8,207)
Treasury stock repurchased   (28,924)
Payments relating to treasury shares received for restricted stock award tax payments (15,515) (8,235)
Net cash provided by financing activities 1,332,549 565,936
Net increase (decrease) in cash, cash equivalents, and restricted cash 774,984 592,336
Cash, cash equivalents, and restricted cash at beginning of period 1,947,931 741,870
Cash, cash equivalents, and restricted cash at end of period 2,722,915 1,334,206
Supplemental information:    
Cash paid for interest 113,189 202,459
Cash paid for income taxes 14,005 10,000
Non-cash investing and financing activities:    
Transfers to repossessed assets from loans   120
Securitization of residential mortgage loans to mortgage-backed securities available for sale 20,723 26,300
Transfer of loans from held for investment to held for sale 47,745 3,124
Shares issued for restricted stock awards $ 28,051 $ 22,198
[1] Includes $4.7 million and $4.1 million of amortization of operating lease right-of-use assets for the three months ended March 31, 2021 and 2020, respectively.
[2] Includes $4.7 million and $4.1 million of amortization of operating lease liability for the three months ended March 31, 2021 and 2020, respectively.