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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings (loss) $ 69,969 $ (1,416,182)
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 41,199 40,295
Amortization of net premiums on investment securities 18,468 28,981
Decrease in deferred loan fees and discounts, net (87,108) (62,420)
Amortization of intangible assets 25,373 7,189
Amortization of operating lease ROU assets 27,614 20,937
Provision for credit losses 30,000 5,000
Gain on sale of foreclosed assets (947) (793)
Provision for losses on foreclosed assets 1,020 701
(Gain) loss on sale of loans and leases (625) 157,820
Loss (gain) on sale of premises and equipment 24 (647)
Gain on BOLI death benefit (52) (416)
Unrealized (gain) loss on derivatives, foreign currencies, and credit-linked notes, net (825) 4,026
LOCOM HFS adjustment (218) 11,636
Earned stock compensation 14,013 14,174
Acquisition, integration, and reorganization costs 0 70
Decrease (increase) in other assets 124,162 (166,765)
(Decrease) increase in accrued interest payable and other liabilities (324,435) 33,857
Net cash (used in) provided by operating activities (2,422) 54,199
Cash flows from investing activities:    
Net (increase) decrease in loans and leases (399,666) 450,455
Proceeds from sales of loans and leases 2,455,794 5,946,033
Proceeds from maturities and paydowns of securities available-for-sale 151,634 203,958
Purchases of securities available-for-sale (729,612) (12,752)
Proceeds from maturities and paydowns of securities held-to-maturity 1,095 1,061
Purchases of FHLB and FRB stock (20,790) (194,918)
Redemptions of FHLB and FRB stock 2,013 211,958
Proceeds from sales of foreclosed assets 14,561 14,235
Purchases of premises and equipment, net (8,913) (12,106)
Proceeds from sales of premises and equipment 136 9,018
Proceeds from BOLI death benefit 2,074 3,567
Net decrease in equipment leased to others under operating leases 7,152 25,151
Net cash provided by investing activities 2,157,366 6,645,660
Cash flows from financing activities:    
Net increase (decrease) in noninterest-bearing deposits 37,542 (5,633,324)
Net decrease in interest-bearing deposits (3,611,042) (1,704,329)
Repayments of borrowings (2,422,278) (1,525,037)
Proceeds from borrowings 1,100,000 6,058,743
Shares purchased under the Dividend Reinvestment Plan 243 0
Restricted stock surrendered (2,550) (5,266)
Preferred stock dividends paid (29,841) (29,841)
Common stock dividends paid (50,367) (31,360)
Net cash used in financing activities (4,978,293) (2,870,414)
Net (decrease) increase in cash, cash equivalents, and restricted cash (2,823,349) 3,829,445
Cash, cash equivalents, and restricted cash, beginning of period 5,377,576 2,240,222
Cash, cash equivalents, and restricted cash, end of period 2,554,227 6,069,667
Supplemental disclosures of cash flow information:    
Cash paid for interest 819,859 715,421
Cash (received) paid for income taxes (7,160) 1,095
Loans transferred to foreclosed assets 15,564 15,950
Transfers from loans held for investment to loans held for sale 1,930,285 3,076,427
Transfers to loans held for investment from loans held for sale 1,179 394,716
Loss on sale of securities 59,946 0
Proceeds from sales of securities available-for-sale $ 681,888 $ 0