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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 220,017 $ 205,148
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 44,228 13,508
Depreciation and amortization of premises and equipment 22,212 22,627
Net amortization of investment securities premiums 8,650 9,823
Investment securities (gains) losses, net (19) 26
Gain on sales of mortgage loans held for sale (4,150) (7,974)
Proceeds from sales of mortgage loans held for sale 260,494 400,797
Originations of mortgage loans held for sale (269,448) (371,466)
Intangible amortization 2,347 1,043
Amortization of issuance costs and discounts on long-term borrowings 540 551
Stock-based compensation 7,971 10,166
Net change in deferred federal income tax (10,773) (148,952)
Net change in accrued salaries and benefits (11,232) (5,658)
Net change in life insurance cash surrender value (23,655) (90,234)
Other changes, net 173,206 476,961
Total adjustments 200,371 311,218
Net cash provided by operating activities 420,388 516,366
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 80,666 196,407
Proceeds from principal repayments and maturities of AFS securities 77,905 546,770
Proceeds from principal repayments and maturities of HTM securities 46,301 90,044
Purchase of AFS securities (72,252) (822,216)
Purchase of HTM securities 0 (30,959)
Net change in FRB and FHLB stock 23,823 (24,279)
Net change in loans (919,231) (819,164)
Net purchases of premises and equipment (17,860) (10,023)
Proceeds from Life Insurance Policy 100 2,853
Net cash paid for acquisition 0 (21,796)
Net change in tax credit investments (17,945) (33,178)
Net cash used in investing activities (798,493) (925,541)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in demand and savings deposits (811,325) (420,622)
Net change in time deposits and brokered deposits 1,583,376 (308,503)
Net change in other borrowings (501,635) 183,518
Repayments of senior debt and subordinated debt 0 (81,496)
Net proceeds from issuance of common stock 2,491 4,792
Dividends paid (85,323) (78,413)
Acquisition of treasury stock (70,940) 0
Net cash provided by (used in) financing activities 116,644 (700,724)
Net decrease in Cash and Cash Equivalents (261,461) (1,109,899)
Cash and Cash Equivalents at Beginning of Period 681,921 1,638,614
Cash and Cash Equivalents at End of Period 420,460 528,715
Cash paid during the period for:    
Interest 276,159 42,529
Income taxes 23,416 22,416
Supplemental Schedule of Certain Noncash Activities:    
Transfer of AFS securities to HTM securities $ 0 $ 479,008