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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 83,822 $ 104,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, accretion and other, net 36,608 464
Stock-based compensation expense 3,527 3,498
Provision (release) for credit losses 3,000 4,450
Loss (gain) on sale of investment securities 0 (15,028)
Net realized (gain) loss on sales of premises, equipment, and real estate owned 37 (33,115)
Impairment loss on premises and equipment 0 5,931
Prepayment penalty from repayment of borrowings 13,788 13,809
Gain on early termination of long term borrowing hedge (14,110) 0
Decrease (increase) in accrued interest receivable (274) 2,781
Decrease (increase) in federal and state income tax receivable 5,708 0
Decrease (increase) in cash surrender value of bank owned life insurance (2,771) (2,850)
Decrease (increase) in other assets 156,599 (99,335)
Increase (decrease) in federal and state income tax liabilities (5,760) 60
Increase (decrease) in accrued expenses and other liabilities (75,419) 66,049
Net cash provided by (used in) operating activities 204,755 50,957
CASH FLOWS FROM INVESTING ACTIVITIES    
Origination of loans and principal repayments, net (192,028) (31,259)
Loans purchased (73,208) 0
FHLB & FRB stock purchased (188,001) (201,200)
FHLB & FRB stock redeemed 210,000 169,200
Available-for-sale securities purchased (522,454) (159,884)
Principal payments and maturities of available-for-sale securities 338,869 132,690
Proceeds from sales of available-for-sale securities 0 204,351
Principal payments and maturities of held-to-maturity securities 206,868 147,142
Proceeds from sales of real estate owned 637 2,116
Net cash received (paid) in business combinations 0 (2,777)
Proceeds from sales of premises and equipment 3,376 53,790
Premises and equipment purchased and REO improvements (20,260) (10,868)
Net cash provided by (used in) investing activities (236,201) 303,301
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in customer accounts 1,039,797 97,657
Proceeds from borrowings 4,700,007 5,030,000
Repayments of borrowings (5,263,795) (4,243,809)
Proceeds from the early termination of long term borrowing hedge 14,110 0
Proceeds from stock-based awards 330 115
Proceeds from issuance of preferred stock, net 293,325 0
Dividends paid on common stock (33,913) (33,374)
Treasury stock purchased (89,772) (112,089)
Increase (decrease) in advances payments by borrowers for taxes and insurance (13,173) (16,342)
Net cash provided by (used in) financing activities 646,916 722,158
Increase (decrease) in cash and cash equivalents 615,470 1,076,416
Cash, cash equivalents and restricted cash at beginning of period 1,702,977 419,158
Cash, cash equivalents and restricted cash at end of period 2,318,447 1,495,574
Non-cash investing activities    
Real estate acquired through foreclosure 105 317
Non-cash financing activities    
Preferred stock dividend payable 2,722 0
Cash paid (received) during the period for    
Interest 41,707 87,948
Income taxes $ 14,745 $ 21,000