| 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 (loss) income | |||||||||||
243,600 | 195,513 | 247,105 | 158,801 | 116,073 | 120,655 | 133,965 | 122,717 | 106,472 | 91,002 | 89,484 | 98,075 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||
Provision for loan losses | |||||||||||
32,850 | 70,750 | 41,000 | 32,500 | 15,500 | 17,000 | 17,500 | 17,500 | 22,200 | 31,510 | 32,100 | 17,850 |
Net (accretion) amortization of premiums and discounts from acquisition | |||||||||||
-215 | 398 | 1,906 | 2,303 | 2,727 | - | - | - | - | - | - | - |
Depreciation and amortization | |||||||||||
56,258 | 53,116 | 54,875 | 54,556 | 52,751 | 46,355 | 44,221 | 40,847 | 42,931 | 39,376 | 38,107 | 37,729 |
Deferred income tax (benefit) expense | |||||||||||
-153 | -20,261 | 59,738 | 2,756 | -4,848 | -11,456 | -5,123 | 3,675 | -197 | -13,226 | -5,966 | -5,023 |
Net (increase) decrease in trading securities and other earning assets | |||||||||||
-16,084 | 9,889 | 10,805 | 12,420 | -10,258 | 2,714 | -8,252 | -2,378 | 15,662 | 4,266 | -266 | -5,403 |
Gains on sales of securities available for sale, net | |||||||||||
3,218 | 578 | 4,192 | 8,509 | 10,402 | 4,127 | 8,542 | 20,232 | 16,125 | 8,315 | 9,737 | 3,334 |
Gains on sales of assets | |||||||||||
374 | 2,721 | 103,346 | 762 | 98 | 3,034 | 1,431 | 904 | -175 | 368 | -458 | -567 |
Amortization of securities premiums, net of discount accretion | |||||||||||
-34,960 | -43,773 | -48,101 | -54,467 | -57,301 | -51,542 | -53,248 | -50,435 | -44,909 | -32,088 | -25,712 | -3,425 |
Originations of loans held for sale | |||||||||||
216,334 | 59,687 | 65,163 | 92,438 | 96,324 | 71,598 | 118,418 | 237,997 | 204,099 | 217,965 | 248,670 | 133,229 |
Gains on sales of loans held for sale, net | |||||||||||
1,370 | 1,183 | 1,561 | 1,774 | 1,331 | 1,137 | 887 | 2,010 | 1,598 | 1,379 | 1,587 | 726 |
Proceeds from sales of loans held for sale | |||||||||||
213,100 | 59,100 | 70,500 | 89,522 | 97,690 | 73,468 | 121,825 | 246,345 | 209,896 | 222,453 | 254,620 | 124,309 |
Issuance of equity awards | |||||||||||
- | - | - | - | - | - | - | - | 240 | 125 | 132 | 140 |
Equity-based compensation | |||||||||||
14,850 | 11,074 | 13,316 | 11,735 | 10,751 | 9,661 | 8,386 | 7,162 | 6,510 | 5,953 | 5,313 | 4,212 |
Net tax benefit related to equity compensation plans | |||||||||||
-766 | -2,364 | -3,612 | -1,073 | -944 | -1,880 | 1,224 | 359 | 79 | 152 | 191 | 367 |
Changes in: | |||||||||||
Accrued income | |||||||||||
14,340 | 11,305 | 9,201 | 8,918 | 7,075 | 1,081 | 8,467 | -6,248 | -656 | 11,704 | 436 | 1,598 |
Accrued expenses and taxes | |||||||||||
76,846 | -13,747 | -40,806 | 14,112 | -4,503 | 40,345 | 61,092 | 8,376 | 16,990 | 246 | 3,996 | -3,669 |
Other assets and liabilities, net | |||||||||||
112,308 | 18,862 | -25,216 | -4,042 | 22,055 | 20,100 | 10,423 | 20,796 | 255 | -14,464 | 37,102 | 10,100 |
Net cash provided by operating activities | |||||||||||
341,425 | 297,097 | 326,526 | 296,440 | 211,905 | 245,659 | 295,198 | 223,744 | 213,043 | 179,994 | 146,690 | 134,031 |
INVESTING ACTIVITIES | |||||||||||
Proceeds from maturities of securities held to maturity | |||||||||||
208,009 | 114,550 | 87,595 | 48,539 | 59,775 | 25,270 | 34,033 | 9,756 | 8,814 | 9,574 | 7,922 | 15,984 |
Proceeds from sales of securities available for sale | |||||||||||
412,000 | 95,500 | 578,500 | 951,264 | 946,045 | 413,955 | 685,031 | 1,016,129 | 1,012,068 | 649,083 | 198,953 | 110,339 |
Proceeds from maturities of securities available for sale | |||||||||||
1,255,025 | 1,017,230 | 1,198,834 | 1,792,357 | 1,200,178 | 1,321,135 | 1,495,867 | 1,691,293 | 1,561,960 | 1,994,810 | 3,141,929 | 3,173,015 |
Purchases of securities held to maturity | |||||||||||
198,748 | 33,158 | 236,832 | 500,682 | 451,350 | 109,308 | 135,598 | 39,642 | 34,788 | 16,193 | 18,105 | 30,657 |
Purchases of securities available for sale | |||||||||||
2,346,999 | 1,486,578 | 1,585,395 | 2,546,028 | 1,923,747 | 1,859,692 | 2,238,238 | 3,561,042 | 3,008,900 | 3,421,255 | 3,421,837 | 4,649,962 |
Net increase in loans | |||||||||||
1,284,818 | 970,399 | 770,727 | 1,129,026 | 988,434 | 963,028 | 844,993 | 738,343 | 407,232 | 215,442 | -66,276 | 427,693 |
Net decrease in fed funds sold and resell agreements | |||||||||||
-951,344 | -435,400 | 132,726 | -150,700 | -45,190 | -31,087 | 2,850 | -23,790 | 169,098 | 94,589 | -94,673 | 476,920 |
Net cash activity from acquisitions and divestitures | |||||||||||
18,498 | 8,907 | -164,561 | - | -95,351 | 18,231 | -26,087 | -17,597 | 8,134 | 159,154 | 48,451 | 47,100 |
Net increase in interest bearing balances due from other financial institutions | |||||||||||
-10,447 | 9,389 | 45,752 | 88,009 | 34,473 | -164,415 | -10,160 | 129,076 | 20,117 | 114,570 | -174,405 | -70,943 |
Purchases of premises and equipment | |||||||||||
72,313 | 57,940 | 36,447 | 50,841 | 53,760 | 44,790 | 38,313 | 44,038 | 35,557 | 32,592 | 23,426 | 20,637 |
Proceeds from sales of premises and equipment | |||||||||||
5,536 | 5,379 | 3,037 | 1,760 | 1,069 | 5,212 | 2,586 | 1,473 | 182 | 2,793 | 2,165 | 712 |
Purchases of bank-owned and company-owned life insurance | |||||||||||
- | - | 62,800 | 7,095 | 204,647 | 6,000 | - | - | - | - | - | - |
Proceeds from bank-owned and company-owned life insurance death benefit | |||||||||||
2,187 | 16 | 2,601 | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||||
-3,000,429 | -1,750,293 | -478,578 | -1,502,443 | -1,330,237 | -1,430,979 | -1,020,848 | -1,541,531 | -722,372 | -979,217 | -363,652 | -1,470,022 |
FINANCING ACTIVITIES | |||||||||||
Net (decrease) increase in demand and savings deposits | |||||||||||
2,242,368 | 1,402,119 | 1,307,843 | 1,598,026 | 894,667 | 174,718 | 1,800,207 | 1,737,072 | 1,286,818 | 655,039 | 415,784 | 1,151,514 |
Net decrease in time deposits | |||||||||||
79,616 | -129,159 | 144,543 | -119,315 | -352,622 | -178,294 | 159,639 | -272,627 | -145,648 | -160,936 | 393,291 | -62,078 |
Net decrease in fed funds purchased and repurchase agreements | |||||||||||
377,588 | 258,216 | -596,233 | 38,875 | -207,070 | 441,914 | -204,052 | -163,557 | -133,515 | 156,735 | -199,746 | 392,604 |
Net decrease in short-term debt | |||||||||||
- | - | - | -5,000 | -112,133 | -107 | -407 | -12,000 | -22,020 | 4,548 | 13,707 | -17,946 |
Proceeds from long-term debt | |||||||||||
18,602 | 4,000 | 3,003 | 1,500 | 2,500 | 5,320 | 1,000 | 1,029 | 500 | - | 2,000 | 4,200 |
Repayment of long-term debt | |||||||||||
4,826 | 1,653 | 1,524 | 11,703 | 10,816 | 1,565 | 1,310 | 1,679 | 4,055 | 15,416 | 12,467 | 4,307 |
Payment of contingent consideration on acquisitions | |||||||||||
- | - | - | 3,031 | 21,494 | 13,725 | 16,172 | 17,371 | 8,316 | - | - | - |
Cash dividends paid | |||||||||||
59,436 | 58,279 | 51,876 | 49,038 | 45,967 | 41,364 | 36,168 | 33,787 | 31,801 | 30,328 | 28,792 | 26,814 |
Proceeds from exercise of stock options and sales of treasury shares | |||||||||||
4,637 | 12,318 | 13,867 | 16,911 | 11,606 | 8,966 | 9,794 | 7,530 | 2,443 | 2,280 | 1,974 | 2,816 |
Common stock issuance | |||||||||||
- | - | - | - | - | - | 231,430 | - | - | - | - | - |
Purchases of treasury stock | |||||||||||
4,496 | 76,507 | 15,276 | 16,367 | 8,457 | 5,741 | 3,501 | 20,419 | 9,142 | 8,879 | 26,894 | 23,406 |
Net cash (used in) provided by financing activities | |||||||||||
2,654,053 | 1,411,055 | 804,347 | 1,450,858 | 150,214 | 390,122 | 1,941,684 | 1,224,550 | 935,343 | 603,195 | 559,048 | 1,416,950 |
Decrease in cash and cash equivalents | |||||||||||
-4,951 | -42,141 | 652,295 | 244,855 | -968,118 | -795,198 | 1,216,034 | -93,237 | 426,014 | -196,028 | 342,086 | 80,959 |
Supplemental disclosures: | |||||||||||
Income tax refunds | |||||||||||
2,245 | 63,127 | 45,749 | 44,076 | 47,086 | 61,228 | 46,445 | 44,074 | 41,041 | 48,116 | 35,202 | 45,516 |
Total interest payments | |||||||||||
189,582 | 115,163 | 56,820 | 27,999 | 17,812 | 13,958 | 15,823 | 20,975 | 28,148 | 40,128 | 53,521 | 122,873 |
Transactions related to Marquette acquisition | |||||||||||
Liabilities assumed | |||||||||||
- | - | - | - | 1,151,025 | - | - | - | - | - | - | - |