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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 $ 208,713 $ 124,015
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (39,000) 101,718
Depreciation, amortization and accretion, net 41,835 49,598
Deferred income tax provision (benefits) 7,321 (11,022)
Stock-based compensation 10,158 8,175
Other gains (1,438) (29)
Originations of loans held for sale (83,050) (232,682)
Proceeds from sales of loans held for sale 94,907 220,217
Net gains on sales of loans originated for investment and held for sale (2,691) (7,883)
Net (gains) losses on investment securities (102) 102
Change in assets and liabilities:    
Net increase in other assets (38,108) (25,094)
Net increase (decrease) in other liabilities 98,108 (126,178)
Net cash provided by operating activities 296,653 100,937
Available-for-sale securities:    
Proceeds from maturities and principal repayments 1,371,213 1,022,539
Proceeds from calls and sales 3,555 644,703
Purchases (3,403,074) (3,187,042)
Other investments:    
Proceeds from sales 16,790 26,348
Purchases (70,797) (48,603)
Loans:    
Net decrease (increase) in loans and leases resulting from originations and principal repayments 652,354 (445,652)
Proceeds from sales of loans originated for investment 2,200 132,011
Purchases of loans (238,445) (40,611)
Proceeds from bank-owned life insurance 7,903 3,046
Purchases of premises, equipment and software (15,174) (27,717)
Proceeds from sales of premises and equipment 3,861  
Proceeds from sales of other real estate owned   787
Other (3,701) (3,126)
Net cash used in investing activities (1,673,315) (1,923,317)
Cash flows from financing activities    
Net increase in deposits 2,892,280 2,452,768
Repayment of short-term borrowings   (400,000)
Repayment of long-term borrowings (10) (9)
Dividends paid (100,889) (101,322)
Stock tendered for payment of withholding taxes (3,086) (1,745)
Common stock repurchased (53,495) (5,000)
Net cash provided by financing activities 2,734,800 1,944,692
Net increase in cash and cash equivalents 1,358,138 122,312
Cash and cash equivalents at beginning of period 1,040,944 694,017
Cash and cash equivalents at end of period 2,399,082 816,329
Supplemental disclosures    
Interest paid 18,879 45,432
Income taxes paid, net of income tax refunds 53,742 48,271
Noncash investing and financing activities:    
Transfers from loans and leases to other real estate owned   437
Operating lease right-of-use assets obtained in exchange for new lease obligations 29,632 1,965
Transfers from loans and leases to loans held for sale 1,839 145,428
Obligation to fund low-income housing partnerships $ 15,314 $ 17,906