| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||||
Net income | |||||||||||
422,712 | 438,214 | 319,900 | 276,854 | 266,975 | 262,784 | 261,117 | 271,439 | 259,623 | 221,875 | 168,375 | 188,655 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Provision for loan losses | |||||||||||
50,438 | 42,694 | 45,244 | 36,318 | 28,727 | 29,531 | 20,353 | 27,287 | 51,515 | 100,000 | 160,697 | 108,900 |
Provision for depreciation and amortization | |||||||||||
41,145 | 38,679 | 39,732 | 40,929 | 42,803 | 42,303 | 41,944 | 43,448 | 46,743 | 48,924 | 51,514 | 50,696 |
Amortization of investment security premiums, net | |||||||||||
-27,631 | -26,224 | -35,423 | -31,493 | -32,618 | -23,211 | -30,419 | -36,238 | -18,972 | -21,635 | -2,348 | -3,946 |
Deferred income tax (benefit) expense | |||||||||||
14,195 | 5,336 | 13,617 | -2,059 | 7,432 | -540 | 9,201 | 16,234 | -2,836 | -9,085 | -7,310 | -2,656 |
Investment securities (gains) losses, net | |||||||||||
3,626 | -488 | 25,051 | -53 | 6,320 | 14,124 | -4,425 | 4,828 | 10,812 | -1,785 | -7,195 | 30,294 |
Gain on sale of branch | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -6,938 |
Gain on sale of held to maturity student loans | |||||||||||
- | - | - | - | - | - | - | - | - | 6,914 | - | 0 |
Impairment losses (reversals) on loans held for sale | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 9,398 |
Net gains on sales of loans held for sale | |||||||||||
10,127 | 6,370 | 8,008 | 5,850 | 3,076 | 0 | 0 | 376 | 2,040 | 10,402 | 12,201 | 3,168 |
Origination of loans held for sale | |||||||||||
244,976 | 203,775 | 216,064 | 163,469 | 103,199 | 0 | 0 | - | 52,995 | 344,360 | 545,380 | -366,873 |
Proceeds from sales and repayments of held for sale | |||||||||||
259,153 | 208,431 | 215,373 | 160,875 | 97,813 | 0 | 0 | 22,720 | 87,732 | 635,743 | 577,726 | 235,305 |
Net (increase) decrease in trading securities | |||||||||||
-3,863 | 14,277 | -7,585 | -73,780 | 86,045 | -16,005 | -1,358 | 9,645 | -2,354 | 928 | 14,014 | -13,281 |
Stock-based compensation | |||||||||||
13,854 | 12,841 | 12,105 | 11,525 | 10,147 | 8,829 | 6,427 | 5,001 | 4,731 | 6,021 | 6,642 | 6,389 |
(Increase) decrease in interest receivable | |||||||||||
-3,316 | 4,258 | 4,459 | 3,642 | 4,992 | 2,185 | -3,234 | -3,149 | 2,010 | -12,041 | -2,943 | 2,908 |
Increase (decrease) in interest payable | |||||||||||
5,586 | 2,137 | 38 | 1,107 | 336 | -230 | -1,569 | -1,272 | -4,598 | -9,462 | -18,574 | -28,351 |
Increase (decrease) in income taxes payable | |||||||||||
14,465 | 12,288 | -27,685 | 4,509 | 11,733 | 344 | -1,663 | -13,395 | 14,519 | 2,714 | -3,067 | -1,204 |
Donation of securities | |||||||||||
0 | 0 | 32,036 | 0 | 0 | - | - | - | - | - | - | - |
Gain on sale of Corporate Trust business | |||||||||||
11,472 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Net tax benefit related to equity compensation plans | |||||||||||
- | - | - | - | - | 1,850 | 1,003 | 2,094 | 1,065 | 1,178 | -557 | -1,928 |
Loss on purchase of auction rate securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 33,266 |
Prepayment of FDIC insurance premiums | |||||||||||
- | - | - | - | - | - | - | - | - | - | -63,739 | 0 |
Other changes, net | |||||||||||
73,363 | 5,992 | 13,259 | 7,460 | 3,757 | 3,242 | 12,494 | 10,026 | 2,472 | -2,768 | 17,310 | 650 |
Net cash provided by (used in) operating activities | |||||||||||
512,794 | 552,660 | 426,527 | 454,963 | 291,195 | 360,836 | 361,749 | 383,880 | 407,361 | 671,177 | 295,288 | 217,294 |
INVESTING ACTIVITIES: | |||||||||||
Proceeds from sales of investment securities (A) | |||||||||||
413,203 | 708,864 | 792,380 | 24,380 | 689,031 | 64,442 | 16,299 | 16,875 | 19,833 | 78,640 | 207,852 | 131,843 |
Cash Acquired from Acquisition | |||||||||||
- | - | - | - | - | - | 47,643 | 0 | 0 | - | - | - |
Cash paid in sales of branches | |||||||||||
- | - | - | - | - | 43,827 | 0 | 0 | - | - | - | - |
Net cash and cash equivalents paid in dispositions | |||||||||||
- | - | - | - | - | - | - | - | - | - | 3,494 | -54,490 |
Cash paid in exchange of investment securities for student loans | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -17,164 |
Proceeds from maturities/pay downs of investment securities (A) | |||||||||||
1,558,244 | 1,510,985 | 1,899,640 | 2,032,397 | 2,515,113 | 1,914,105 | 2,542,123 | 3,080,664 | 2,562,551 | 2,308,323 | 1,332,347 | 1,311,605 |
Purchases of investment securities | |||||||||||
1,863,180 | 2,090,333 | 1,853,817 | 1,988,101 | 3,542,537 | 2,498,090 | 2,411,153 | 3,182,857 | 4,517,463 | 3,217,600 | 4,078,962 | 2,396,109 |
Net (increase) decrease in loans | |||||||||||
647,890 | 200,673 | 614,849 | 1,009,523 | 1,005,657 | 560,890 | 938,223 | 693,193 | -168,983 | -644,314 | -999,086 | 412,593 |
Repayments of long-term securities purchased under agreements to resell | |||||||||||
150,000 | 100,000 | 75,000 | 250,000 | 0 | 450,000 | 125,000 | 575,000 | -100,000 | 0 | - | - |
Proceeds from Securities Purchased under Agreements to Resell | |||||||||||
0 | 100,000 | 100,000 | 400,000 | 175,000 | 550,000 | 175,000 | 225,000 | -500,000 | -450,000 | - | 0 |
Purchases of land, buildings and equipment | |||||||||||
42,575 | 33,294 | 30,824 | 24,478 | 31,897 | 43,658 | 23,841 | 34,969 | 21,332 | 18,528 | 29,247 | 42,563 |
Sales of land, buildings and equipment | |||||||||||
2,033 | 13,427 | 3,190 | 10,112 | 5,545 | 5,236 | 3,492 | 2,643 | 2,593 | 397 | 151 | 495 |
Net cash provided by (used in) investing activities | |||||||||||
-730,165 | -91,024 | 220,720 | -805,213 | -1,195,402 | -1,062,682 | -713,660 | -1,160,837 | -2,184,835 | -654,454 | -1,572,267 | -1,478,976 |
FINANCING ACTIVITIES: | |||||||||||
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits | |||||||||||
85,438 | 60,278 | -15,036 | 782,846 | 545,147 | 282,276 | 801,211 | 1,777,058 | 1,981,201 | 1,300,555 | 2,041,513 | 381,276 |
Net increase (decrease) in certificates of deposit | |||||||||||
349,890 | -108,742 | -474,044 | 243,199 | -124,509 | -57,956 | -82,013 | -257,586 | -255,769 | -469,557 | -693,941 | -36,612 |
Repayment of long-term securities sold under agreements to repurchase | |||||||||||
- | - | - | - | - | -350,000 | -50,000 | - | - | 400,000 | - | 0 |
Repayment of long-term securities sold under agreements to repurchase | |||||||||||
- | - | - | - | - | - | - | 0 | 0 | 500,000 | - | 0 |
Net decrease in federal funds purchased and securities sold under agreements to repurchase | |||||||||||
-105,617 | 449,251 | -216,767 | -239,647 | 101,034 | 865,960 | 313,008 | -172,531 | 273,254 | -20,364 | 76,654 | -212,375 |
Increase (decrease) in other borrowings | |||||||||||
6,394 | -6,944 | 100,291 | 1,769 | - | - | -2,000 | 0 | 0 | - | -800,000 | 799,997 |
Repayment of long-term borrowings | |||||||||||
- | - | - | - | 240 | 3,252 | 1,578 | 8,107 | 456 | 623,789 | 311,719 | 10,855 |
Proceeds from issuance of preferred stock | |||||||||||
- | - | - | - | - | 144,784 | 0 | 0 | - | - | - | - |
Additional long-term borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | 100,000 | 375,000 |
Purchases of treasury stock | |||||||||||
134,904 | 75,231 | 17,771 | 39,381 | 23,176 | 70,974 | 69,353 | 104,909 | 101,154 | 40,984 | 528 | 9,490 |
Accelerated stock repurchase agreement net outflow | |||||||||||
- | - | - | - | 100,000 | 200,000 | 0 | 0 | - | - | - | - |
Accelerated stock repurchase agreement | |||||||||||
150,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Issuance of stock under equity compensation plans | |||||||||||
8 | 10 | 8 | 6 | 1,914 | 8,652 | 9,426 | 14,820 | 15,349 | 11,310 | 103,641 | 15,978 |
Net tax benefit related to equity compensation plans | |||||||||||
- | - | - | - | - | 1,850 | 1,003 | 2,094 | 1,065 | 1,178 | 557 | 1,928 |
Cash dividends paid on common stock | |||||||||||
113,466 | 100,238 | 91,619 | 87,070 | 84,961 | 84,241 | 82,104 | 211,608 | 79,140 | 78,231 | 74,720 | 72,055 |
Cash dividends paid on preferred stock | |||||||||||
9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 4,050 | 0 | 0 | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||||
-84,061 | 223,252 | -924,536 | 649,172 | 306,209 | 533,049 | 841,600 | 1,039,231 | 1,834,350 | -19,882 | 441,457 | 1,232,792 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease) | |||||||||||
-301,432 | 684,888 | -277,289 | 298,922 | -597,998 | -168,797 | 489,689 | 262,274 | 56,876 | -3,159 | -835,522 | -28,890 |
Supplemental Cash Flow Information: | |||||||||||
Income tax payments, net | |||||||||||
76,168 | 84,172 | 120,744 | 119,596 | 95,341 | 120,172 | 114,336 | 119,166 | 106,653 | 100,610 | 82,900 | - |
Interest paid on deposits and borrowings | |||||||||||
97,806 | 63,239 | 43,690 | 31,896 | 27,760 | 28,218 | 32,432 | 39,335 | 56,499 | 93,008 | 172,608 | - |
Loans transferred to foreclosed real estate | |||||||||||
581 | 1,551 | 2,063 | 1,122 | 3,778 | 5,074 | 8,747 | 8,167 | 22,957 | 16,440 | 12,857 | - |
Transfer of Portfolio Loans and Leases to Held-for-sale | |||||||||||
- | - | - | 42,688 | 0 | 0 | 8,941 | 0 | 0 | - | - | - |