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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 $ 73,063 $ 26,047
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (5,500) 44,030
Depreciation and amortization of premises and equipment 6,870 7,161
Amortization of TCI 6,935 7,619
Net amortization of investment securities premiums 3,716 2,707
Investment securities gains, net (33,475) (46)
Gain on sales of mortgage loans held for sale (8,656) (6,181)
Proceeds from sales of mortgage loans held for sale 294,478 195,649
Originations of mortgage loans held for sale (236,028) (192,285)
Amortization of intangible assets 115 132
Amortization of issuance costs and discounts on long-term borrowings 1,146 250
Debt extinguishment costs 32,163 0
Stock-based compensation 1,902 1,619
Other changes, net 66,683 (133,579)
Total adjustments 130,349 (72,924)
Net cash provided by (used in) operating activities 203,412 (46,877)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 59,342 59,894
Proceeds from principal repayments and maturities of AFS securities 134,684 61,408
Proceeds from principal repayments and maturities of HTM securities 29,066 19,758
Purchase of AFS securities (304,493) (390,936)
Purchase of HTM securities (227,687) 0
Sale of Visa Shares 33,962 0
Sale (purchase) of FRB and FHLB stock 25,920 (21,567)
Net increase in loans (96,347) (250,993)
Net change in tax credit investments (4,425) (4,023)
Net change in tax credit investments (977) (128)
Net cash used in investing activities (350,955) (526,587)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand and savings deposits 971,180 (34,866)
Net (decrease) increase in time deposits (176,549) 5,979
Net (decrease) increase in short-term borrowings (109,077) 503,567
Proceeds from long-term borrowings 0 496,461
Repayments of long-term borrowings (703,165) (13)
Net proceeds from issuance of common stock 2,468 2,001
Dividends paid (23,270) (21,348)
Acquisition of treasury stock 0 (39,748)
Net cash (used in) provided by financing activities (38,413) 912,033
Net (Decrease) Increase in Cash and Cash Equivalents (185,956) 338,569
Cash and Cash Equivalents at Beginning of Period 1,847,832 517,791
Cash and Cash Equivalents at End of Period 1,661,876 856,360
Cash paid during the period for:    
Interest 25,235 36,576
Income taxes 477 1,072
Supplemental schedule of certain noncash activities:    
Transfer of AFS securities to HTM securities $ 376,165 $ 0