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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 213,611 $ 127,213
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (9,600) 70,680
Depreciation and amortization of premises and equipment 20,647 21,653
Amortization of TCI 21,001 22,883
Net amortization of investment securities premiums 11,816 8,722
Investment securities gains, net (33,511) (3,053)
Gain on sales of mortgage loans held for sale (20,038) (42,208)
Proceeds from sales of mortgage loans held for sale 818,432 1,113,671
Originations of mortgage loans held for sale (757,631) (1,127,256)
Intangible amortization 443 397
Amortization of issuance costs and discounts on long-term borrowings 1,608 836
Debt extinguishment costs 32,575 2,878
Stock-based compensation 6,192 5,403
Other changes, net 16,627 (169,447)
Total adjustments 108,561 (94,841)
Net cash provided by (used in) operating activities 322,172 32,372
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 125,811 215,150
Proceeds from principal repayments and maturities of AFS securities 366,788 282,832
Proceeds from principal repayments and maturities of HTM securities 89,349 67,268
Purchase of AFS securities (901,400) (728,937)
Purchase of HTM securities (310,699) 0
Sale of Visa Shares 33,962 0
Sale of FRB and FHLB stock 30,836 3,458
Net decrease (increase) in loans 620,583 (2,203,974)
Net purchases of premises and equipment (17,346) (18,550)
Net cash paid for acquisition 292 0
Net change in tax credit investments (12,439) (9,585)
Net cash provided by (used in) investing activities 25,737 (2,392,338)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand and savings deposits 1,743,512 3,669,990
Net decrease in time deposits (508,678) (333,852)
Net decrease in short-term borrowings (161,099) (271,514)
Proceeds from long-term borrowings 620 495,898
Repayments of long-term borrowings (703,681) (82,491)
Net proceeds from issuance of common stock 4,682 5,046
Dividends paid (73,962) (63,387)
Acquisition of treasury stock (26,126) (39,748)
Net cash provided by financing activities 275,268 3,379,942
Net Increase in Cash and Cash Equivalents 623,177 1,019,976
Cash and Cash Equivalents at Beginning of Period 1,847,832 517,791
Cash and Cash Equivalents at End of Period 2,471,009 1,537,767
Cash paid during the period for:    
Interest 52,733 91,328
Income taxes 8,329 12,118
Supplemental Schedule of Certain Noncash Activities:    
Transfer of AFS securities to HTM securities $ 376,165 $ 0