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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income from continuing operations $ 250,143 $ 228,034 $ 354,268
Adjustments to reconcile net income to net cash provided by (used in) continuing operating activities:      
Provision for credit losses 74,611 60,066 27,426
Depreciation and amortization 31,813 27,157 21,667
Share-based compensation expense 12,585 14,150 13,860
Deferred taxes 22,177 6,907 17,754
Net amortization (accretion) of investment securities premiums and discounts (11,582) 1,482 1,884
Unrealized (gain) loss on investment securities (62) 710 (2,720)
Net (gain) loss on sale of investment securities 574 23,164 (31,392)
Loss on sale of foreign subsidiaries 0 0 2,840
Impairment loss on fixed assets and leases 124 1,362 0
Unrealized (gain) loss on derivatives 0 (2,391) (3,208)
Loss on cash flow hedge derivative terminations 0 0 24,467
Settlement of terminated cash flow hedge derivatives 0 0 (27,156)
Settlement of terminated fair value hedge derivatives 4,630 0 0
Fair value adjustment on loans held for sale 0 0 (1,115)
(Gain) loss on sale of loans 867 (4,232) (12,855)
Loss on sale of capital call lines of credit 5,037 0 0
Loss on sale of consumer installment loans 0 23,465 0
Origination and purchases of loans held for sale (806,582) (366,496) (73,952)
Proceeds from the sales and repayments of loans held for sale 600,488 59,594 65,241
Amortization (accretion) of loan net deferred fees, discounts and premiums (90,581) (53,515) (222,693)
Earnings on investment in bank-owned life insurance (11,777) (15,697) (8,416)
(Increase) decrease in accrued interest receivable and other assets 23,584 (3,591) 46,655
Increase (decrease) in accrued interest payable and other liabilities 18,680 (20,994) 102,985
Net Cash Provided by (Used in) Continuing Operating Activities 124,729 (20,825) 295,540
Cash Flows from Investing Activities      
Proceeds from maturities, calls and principal repayments of investment securities available for sale 323,298 464,060 317,046
Proceeds from maturities, calls and principal repayments of investment securities held to maturity 252,437 59,507 0
Proceeds from sales of foreign subsidiaries 0 0 3,765
Proceeds from sales of investment securities available for sale 297,417 983,575 689,856
Purchases of investment securities available for sale (1,425) (1,357,354) (3,626,377)
Purchases of investment securities held to maturity (73,074) 0 0
Origination of mortgage warehouse loans (20,056,973) (28,966,329) (55,034,537)
Proceeds from repayments of mortgage warehouse loans 20,465,303 29,895,527 56,365,692
Net (increase) decrease in loans and leases, excluding mortgage warehouse loans 2,267,601 (1,933,109) 1,652,994
Proceeds from sales of loans and leases 409,503 136,920 398,015
Purchases of loans (709,197) (483,980) (1,907,222)
Purchases of bank-owned life insurance 0 0 (46,462)
Proceeds from bank-owned life insurance 56,645 11,807 1,999
Net purchases of FHLB, Federal Reserve Bank, and other restricted stock (35,117) (3,174)  
Net proceeds from sales of FHLB, Federal Reserve Bank, and other restricted stock     6,784
Purchases of bank premises and equipment (590) (4,046) (613)
Proceeds from sale of fixed assets 73 0 0
Proceeds from sales of other real estate owned 33 0 45
Proceeds from sales of leased assets under lessor operating leases 2,541 7,485 10,092
Purchases of leased assets under lessor operating leases (40,752) (109,301) (32,338)
Net Cash Provided By (Used in) Investing Activities 3,157,723 (1,298,412) (1,201,261)
Cash Flows from Financing Activities      
Net increase (decrease) in deposits (238,149) 1,379,029 5,467,995
Net increase (decrease) in short-term borrowed funds from the FHLB (300,000) (400,000) (150,000)
Net increase (decrease) in federal funds purchased 0 (75,000) (175,000)
Net increase (decrease) in borrowed funds from PPP Liquidity Facility 0 0 (4,415,016)
Proceeds from long-term borrowed funds from FHLB and FRB 2,565,000 500,000 0
Repayments of long-term borrowed funds from FHLB and FRB (1,865,000) 0 0
Proceeds from issuance of other long-term borrowings 0 0 98,799
Repayments of other borrowings 0 (100,000) 0
Redemption of preferred stock 0 0 (82,497)
Preferred stock dividends paid (14,636) (9,326) (10,833)
Purchases of treasury stock (39,806) (33,162) (27,662)
Payments of employee taxes withheld from share-based awards (2,433) (5,063) (5,568)
Proceeds from issuance of common stock 3,112 533 27,762
Proceeds from sale of non-controlling interest in BMT 0 0 26,795
Net Cash Provided by (Used in) Financing Activities 108,088 1,257,011 754,775
Net Increase (Decrease) in Cash and Cash Equivalents From Continuing Operations 3,390,540 (62,226) (150,946)
Discontinued Operations:      
Net cash provided by (used in) operating activities 0 0 (24,376)
Net Increase (Decrease) in Cash and Cash Equivalents From Discontinued Operations 0 0 (24,376)
Net Increase (Decrease) in Cash and Cash Equivalents 3,390,540 (62,226) (175,322)
Cash and Cash Equivalents – Beginning Balance 455,806 518,032 693,354
Cash and Cash Equivalents – Ending Balance 3,846,346 455,806 518,032
Supplementary Cash Flow Information:      
Interest paid 649,544 226,993 107,916
Income taxes paid 44,972 80,054 94,093
Noncash Investing and Financing Activities:      
Transfer of investment securities available for sale to held to maturity 0 500,174 0
Purchases of investment securities held to maturity upon sale of consumer installment loans 436,841 400,001 0
Distribution of investment in BM Technologies common stock 0 0 32,983
Transfer of loans held for investment to held for sale 309,076 4,079 0
Transfer of loans held for sale to held for investment $ 15,163 $ 0 $ 55,684