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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 160,316 $ 157,364 $ 151,505
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 21,217 17,347 15,774
Cash received from FDIC under loss share 720 2,502 13,421
Stock option compensation expense 232 324 473
Provision (reversal) for loan losses (11,162) (15,401) 1,350
(Gain) loss on investment securities and real estate held for sale, net (28,528) (2,510) (8,011)
Loss on extinguishment of debt 10,554 0 0
Decrease (increase) in accrued interest receivable 11,608 (2,819) (330)
Decrease (increase) in FDIC loss share receivable 1,795 (1,795) (1,482)
Increase in cash surrender value of bank owned life insurance (2,496) 0 0
Decrease (increase) in income taxes receivable 13,829 18,890 (17,462)
(Increase) decrease in other assets (29,220) (17,799) 36,350
(Decrease) increase in accrued expenses and other liabilities (5,994) 17,612 (10,166)
Net cash provided by operating activities 142,871 173,715 181,422
CASH FLOWS FROM INVESTING ACTIVITIES      
Net (loan originations) principal collections (554,350) (261,401) 343,771
Loans purchased (279,936) (218,544) 0
FHLB & FRB stock purchase (4,067) 0 (23,981)
FHLB & FRB stock redeemed 55,708 14,017 5,894
Available-for-sale securities purchased (315,114) (1,280,477) (889,595)
Principal payments and maturities of available-for-sale securities 721,951 609,395 275,726
Available-for-sale securities sold 246,826 0 43,198
Held-to-maturity securities purchased (259,489) 0 (787,449)
Principal payments and maturities of held-to-maturity securities 159,947 103,617 331,022
Net cash received from acquisition 0 1,776,660 202,308
Proceeds from sales of real estate held for sale and investment 56,380 73,895 115,615
Proceeds from sales of covered REO 18,515 15,654 20,843
Purchase of bank owned life insurance (100,000)    
Premises and equipment purchased and REO improvements (36,860) (51,794) (29,246)
Net cash provided (used) by investing activities (290,489) 781,022 (391,894)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net (decrease) in customer accounts (85,073) (226,914) (223,515)
Proceeds from long-term borrowings 100,000 0 50,000
Repayments of long-term borrowings (210,554) 0 (22,470)
Proceeds from exercise of common stock options and related tax benefit 2,070 10,252 4,261
Dividends paid on common stock (51,111) (42,065) (37,835)
Treasury stock purchased, net (126,728) (104,291) (110,238)
Increase (decrease) in advance payments by borrowers for taxes and insurance 21,220 (13,439) 2,402
Net cash (used) by financing activities (350,176) (376,457) (337,395)
Increase (decrease) in cash and cash equivalents (497,794) 578,280 (547,867)
Cash and cash equivalents at beginning of period 781,843 203,563 751,430
Cash and cash equivalents at end of period 284,049 781,843 203,563
Non-cash investing activities      
Non-covered real estate acquired through foreclosure 30,024 37,721 91,352
Covered real estate acquired through foreclosure 1,892 8,748 11,196
Cash paid during the period for      
Interest 116,226 128,733 140,409
Income taxes 65,720 64,372 80,417
The following summarizes the non-cash activities related to acquisitions      
Fair value of assets and intangibles acquired, including goodwill 0 80,242 607,193
Fair value of liabilities assumed 0 (1,856,902) (776,009)
Net fair value of acquired assets (liabilities) $ 0 $ (1,776,660) $ (168,816)