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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings (loss) $ 61,185 $ (1,392,838)
Adjustments to reconcile net earnings (loss) to net cash (used in) provided by operating activities:    
Goodwill, Impairment Loss 0 1,376,736
Depreciation and amortization 27,687 27,622
Amortization of net premiums on investment securities 12,496 19,281
Decrease in deferred loan fees and discounts, net (63,017) (59,823)
Amortization of intangible assets 16,888 4,800
Amortization of operating lease ROU assets 17,842 14,580
Provision for credit losses 21,000 5,000
Gain on sale of foreclosed assets (568) (210)
Provision for losses on foreclosed assets 813 685
(Gain) loss on sale of loans and leases (687) 155,919
Loss (gain) on sale of premises and equipment 81 (5)
Gain on BOLI death benefit (52) (416)
Unrealized loss (gain) on derivatives, foreign currencies, and credit-linked notes, net 3,169 (1,682)
LOCOM HFS adjustment (292) 11,943
Earned stock compensation 8,568 13,917
Acquisition, integration, and reorganization costs 0 70
Decrease (increase) in other assets 82,733 (181,990)
(Decrease) increase in accrued interest payable and other liabilities (237,139) 30,548
Net cash (used in) provided by operating activities (49,293) 24,137
Cash flows from investing activities:    
Net (increase) decrease in loans and leases (101,402) 497,408
Proceeds from sales of loans and leases 530,292 5,283,557
Proceeds from maturities and paydowns of securities available-for-sale 84,629 131,475
Purchases of securities available-for-sale (5,558) (5,836)
Proceeds from maturities and paydowns of securities held-to-maturity 586 568
Purchases of FHLB and FRB stock (7,816) (194,918)
Redemptions of FHLB and FRB stock 1,782 211,958
Proceeds from sales of foreclosed assets 8,622 5,346
Purchases of premises and equipment, net (6,639) (9,245)
Proceeds from sales of premises and equipment 2 13
Proceeds from BOLI death benefit 1,519 3,567
Net (increase) decrease in equipment leased to others under operating leases (6,674) 5,770
Net cash provided by investing activities 499,343 5,929,663
Cash flows from financing activities:    
Net increase (decrease) in noninterest-bearing deposits 50,753 (5,156,999)
Net decrease in interest-bearing deposits (1,648,072) (882,252)
Repayments of borrowings (2,075,372) (1,523,382)
Proceeds from borrowings 600,000 6,122,273
Shares purchased under the Dividend Reinvestment Plan 148 0
Restricted stock surrendered (2,392) (5,072)
Preferred stock dividends paid (19,894) (19,894)
Common stock dividends paid (33,987) (30,549)
Net cash used in financing activities (3,128,816) (1,495,875)
Net (decrease) increase in cash, cash equivalents, and restricted cash (2,678,766) 4,457,925
Cash, cash equivalents, and restricted cash, beginning of period 5,377,576 2,240,222
Cash, cash equivalents, and restricted cash, end of period 2,698,810 6,698,147
Supplemental disclosures of cash flow information:    
Cash paid for interest 607,769 467,830
Cash (received) paid for income taxes (7,175) 1,143
Loans transferred to foreclosed assets 14,776 9,225
Transfers from loans held for investment to loans held for sale 1,915,180 3,076,427
Transfers to loans held for investment from loans held for sale $ 1,179 $ 370,375