| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||
Net income | |||||||||||
210,256 | 203,850 | 173,532 | 164,049 | 160,316 | 157,364 | 151,505 | 138,183 | 111,141 | 118,653 | 48,172 | 62,332 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation, amortization, and accretion expense, net | |||||||||||
31,058 | 46,735 | 41,680 | 19,509 | 17,888 | 17,347 | 15,774 | 34,502 | 20,663 | 21,624 | 4,813 | 2,951 |
Cash received from (paid to) FDIC under loss share | |||||||||||
0 | 1,595 | 584 | 1,730 | 720 | 2,502 | 13,421 | 7,587 | 6,667 | 92,551 | 0 | - |
Stock-based compensation expense | |||||||||||
5,265 | 4,771 | 5,909 | 3,569 | 3,561 | 324 | 473 | 848 | 1,087 | 1,213 | 1,327 | 1,286 |
Depreciation | |||||||||||
- | - | - | - | - | - | - | - | 32,828 | 5,766 | 5,153 | 4,281 |
Decrease in FDIC indemnification asset | |||||||||||
0 | 1,595 | 584 | 1,730 | 720 | - | - | - | - | - | - | - |
Provision (release) for credit losses | |||||||||||
-1,650 | -5,450 | -2,100 | -6,250 | -11,162 | -15,401 | 1,350 | 44,955 | 93,104 | 179,909 | 193,000 | 60,516 |
Loss (gain) on sale of investment securities | |||||||||||
-9 | 0 | 3,499 | 0 | 9,641 | 2,510 | 8,011 | 100,952 | -23,315 | -58,066 | -15,101 | 12,655 |
Gain on bank owned life insurance | |||||||||||
0 | 2,416 | 6,805 | 0 | 0 | - | - | - | - | - | - | - |
Net realized (gain) loss on sales of premises, equipment, and real estate owned | |||||||||||
12,484 | 1,450 | 1,673 | 20,039 | 18,887 | 0 | - | - | - | - | - | - |
Prepayment penalty from repayment of borrowings | |||||||||||
- | - | - | - | -10,554 | 0 | 0 | -95,565 | 0 | 0 | - | - |
Gain on FDIC-assisted transaction | |||||||||||
- | - | - | - | - | - | - | - | - | 85,608 | 0 | - |
Other than temporary impairment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 87,747 |
Decrease (increase) in accrued interest receivable | |||||||||||
1,562 | 5,652 | 3,974 | -2,760 | -11,608 | 2,819 | 330 | -5,726 | 3,312 | -7,999 | -1,077 | -185 |
Decrease (increase) in federal and state income tax receivable | |||||||||||
-1,804 | 1,804 | -16,047 | -5,153 | -13,829 | -18,890 | -17,462 | 18,066 | -11,351 | -23,408 | -45,831 | - |
Decrease (increase) in FDIC loss share receivable | |||||||||||
- | - | - | - | -1,795 | 1,795 | 1,482 | 3,284 | 10,470 | 0 | 0 | - |
Decrease (increase) in cash surrender value of bank owned life insurance | |||||||||||
5,822 | 5,992 | 6,498 | 5,627 | 2,496 | 0 | 0 | - | - | - | - | - |
Decrease (increase) in other assets | |||||||||||
17,416 | 6,876 | -7,974 | 14,204 | 29,220 | 17,799 | -36,350 | 74,889 | -21,600 | 51,641 | 16,156 | 586 |
Increase (decrease) in federal and state income tax liabilities | |||||||||||
3,043 | 0 | 0 | - | - | - | - | - | - | - | - | -48,910 |
Increase (decrease) in accrued expenses and other liabilities | |||||||||||
21,553 | -36,609 | -41,477 | 71,071 | -5,994 | 17,612 | -10,166 | 8,649 | -23,575 | -74,243 | -22,399 | 5,186 |
Net cash provided by (used in) operating activities | |||||||||||
234,054 | 190,702 | 179,700 | 221,721 | 142,871 | 173,715 | 181,422 | 174,956 | 261,697 | 250,881 | 184,242 | 162,230 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||
Origination of loans and principal repayments, net | |||||||||||
-452,334 | -459,183 | -896,450 | -619,046 | -551,168 | -261,401 | 343,771 | 544,240 | 400,054 | 281,826 | -71,509 | 497,939 |
Loans purchased | |||||||||||
0 | 143,605 | 72,856 | 105,420 | 279,936 | 218,544 | 0 | 0 | - | - | - | - |
FHLB & FRB stock purchase | |||||||||||
532,600 | 530,000 | 183,609 | 36,347 | 4,067 | 0 | 23,981 | 0 | 0 | - | - | - |
FHLB & FRB stock redeemed | |||||||||||
535,800 | 525,800 | 177,824 | 26,340 | -55,708 | -14,017 | -5,894 | -1,830 | 0 | 0 | -394 | -748 |
Available-for-sale securities purchased | |||||||||||
358,709 | 272,780 | 76,367 | 137,591 | 315,114 | 1,280,477 | 889,595 | 2,442,184 | 1,585,945 | 1,774,343 | 1,175,321 | 313,950 |
Principal payments and maturities of available-for-sale securities | |||||||||||
224,118 | 199,008 | 367,713 | 537,255 | 721,951 | 609,395 | 275,726 | 1,608,603 | 727,379 | 1,052,545 | 513,218 | 240,368 |
Proceeds from sales of available-for-sale securities | |||||||||||
491 | 0 | 362,829 | - | - | - | - | - | - | - | - | - |
Proceeds from sales of available-for-sale securities | |||||||||||
- | - | - | 50,741 | 246,826 | 0 | 43,198 | 2,257,913 | 131,361 | 496,024 | 18,453 | 72,030 |
Held-to-maturity securities purchased | |||||||||||
0 | 170,836 | 466,058 | 0 | 259,489 | 0 | 787,449 | 1,167,121 | 0 | 0 | - | - |
Principal payments and maturities of held-to-maturity securities | |||||||||||
178,147 | 187,812 | 229,716 | 218,958 | 159,947 | 103,617 | 331,022 | 23,082 | 33,874 | 23,128 | 21,691 | 13,983 |
Net cash received from mergers and acquisitions | |||||||||||
- | - | - | - | - | 1,776,660 | 202,308 | 50,576 | 0 | 111,684 | 0 | - |
Proceeds from sales of real estate owned | |||||||||||
8,659 | 15,192 | 16,248 | 61,132 | 74,895 | 89,549 | 20,843 | 33,579 | 29,383 | 0 | 0 | - |
Proceeds from sales of real estate owned | |||||||||||
- | - | - | - | - | - | 115,615 | 175,832 | 110,400 | 129,447 | 98,822 | 39,193 |
Proceeds from settlements of bank owned life insurance | |||||||||||
0 | 3,484 | 10,096 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of strategic investments | |||||||||||
5,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Purchase of bank owned life insurance | |||||||||||
- | - | - | 100,000 | 100,000 | 0 | - | - | - | - | - | - |
Net cash received (paid) in business combinations | |||||||||||
0 | 2,211 | 3,370 | 0 | 0 | - | - | - | - | - | - | 166,859 |
Cash paid for acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -180,985 |
FHLB stock dividends | |||||||||||
- | - | - | - | - | - | - | - | - | - | -15 | -103 |
Decrease (increase) in intangible assets | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | - | - |
Proceeds from sales of premises and equipment | |||||||||||
15,585 | 1 | 5,209 | 14,685 | 6,397 | 0 | - | - | - | - | - | - |
Premises and equipment purchased and REO improvements | |||||||||||
35,530 | 27,127 | 15,461 | 41,771 | 46,439 | 51,794 | 29,246 | 32,010 | 10,539 | 13,027 | 5,273 | 22,334 |
Net cash provided by (used in) investing activities | |||||||||||
-421,373 | -674,445 | -544,536 | -131,064 | -290,489 | 781,022 | -391,894 | 1,054,340 | -164,033 | 307,284 | -456,507 | -634,760 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||
Net increase (decrease) in customer accounts | |||||||||||
603,846 | 552,445 | 234,460 | -30,775 | -85,073 | -226,914 | -223,515 | -225,068 | -186,637 | 190,702 | 672,771 | 426,000 |
Net decrease in short-term borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | -377,000 | 102,000 |
Proceeds from borrowings | |||||||||||
13,315,000 | 13,250,000 | 4,590,000 | 1,118,000 | 100,000 | 0 | 50,000 | 0 | 200,000 | 200,000 | 100,000 | 436,313 |
Repayments of borrowings | |||||||||||
13,395,000 | 13,145,000 | 4,445,000 | 868,000 | -210,554 | 0 | -22,470 | -995,306 | -100,000 | -539,034 | -19,378 | - |
Proceeds from stock-based awards | |||||||||||
740 | 1,338 | 7,238 | - | - | - | - | - | - | - | - | - |
Repayments of long-term borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 408,821 |
Proceeds from exercise of common stock options and related tax benefit | |||||||||||
- | - | - | 9,283 | 2,070 | 10,252 | 4,261 | 357 | 1,686 | 1,940 | 180 | 2,546 |
Dividends paid on common stock | |||||||||||
63,318 | 55,997 | 74,519 | 49,926 | 51,111 | 42,065 | 37,835 | 32,430 | 25,697 | 22,450 | 18,847 | 73,688 |
Repurchase of warrants | |||||||||||
- | - | - | 7,744 | 0 | 0 | - | - | - | - | - | - |
Dividends paid on preferred stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 5,361 | - |
Net proceeds from follow on stock offering | |||||||||||
- | - | - | - | - | - | - | - | - | - | 333,177 | - |
Proceeds from issuance of preferred stock and warrants | |||||||||||
- | - | - | - | - | - | - | - | - | - | 200,000 | - |
Redemption of preferred stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 200,000 | - |
Proceeds from Employee Stock Ownership Plan | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,341 | 5,771 |
Treasury stock purchased | |||||||||||
123,854 | 164,249 | 98,374 | 87,850 | 126,728 | 104,291 | 110,238 | 41,914 | 59,680 | 0 | 0 | 0 |
Increase (decrease) in borrower advances related to taxes and insurance, net | |||||||||||
413 | 786 | 13,733 | -7,326 | 21,220 | -13,439 | 2,402 | 493 | 44 | 911 | 1,170 | - |
Decrease in advance payments by borrowers for taxes and insurance | |||||||||||
413 | 786 | 13,733 | -7,326 | 21,220 | - | - | - | - | 911 | 1,170 | 3,631 |
Net cash provided by (used in) financing activities | |||||||||||
337,827 | 439,323 | 227,538 | 75,662 | -350,176 | -376,457 | -337,395 | -1,293,868 | -170,284 | -167,931 | 688,053 | 493,752 |
Increase (decrease) in cash and cash equivalents | |||||||||||
150,508 | -44,420 | -137,298 | 166,319 | -497,794 | 578,280 | -547,867 | -64,572 | -72,620 | 390,234 | 415,788 | 21,222 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||||||||||
Non-cash investing activities | |||||||||||
Real estate acquired through foreclosure | |||||||||||
1,839 | 4,032 | 3,266 | 12,697 | 28,735 | 46,469 | 91,352 | 160,971 | 112,693 | 222,057 | 254,742 | - |
Fair value of assets and intangibles acquired, including goodwill | |||||||||||
205 | 3,109 | 0 | 0 | - | 80,242 | 607,193 | 124,594 | 0 | 1,091,629 | 0 | 1,186,754 |
Fair value of liabilities assumed | |||||||||||
- | - | - | - | - | 1,856,902 | 776,009 | 154,493 | 0 | 1,047,981 | 0 | -1,005,769 |
Net fair value of acquired assets (liabilities) | |||||||||||
- | - | - | - | - | -1,776,660 | -168,816 | -29,899 | 0 | 43,648 | 0 | - |
Non-cash financing activities | |||||||||||
Stock issued upon exercise of warrants | |||||||||||
1,082 | 3,914 | 7,632 | 0 | 0 | - | - | - | - | - | - | - |
Covered real estate acquired through foreclosure | |||||||||||
- | - | - | - | - | - | 11,196 | 15,905 | 54,638 | 34,536 | 0 | - |
Cash paid during the period for | |||||||||||
Interest | |||||||||||
194,277 | 133,722 | 111,333 | 114,506 | 116,226 | 128,733 | 140,409 | 199,735 | 228,444 | 269,478 | 325,157 | 391,209 |
Non-covered real estate acquired through foreclosure | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 58,509 |
Income taxes | |||||||||||
33,545 | 44,260 | 54,078 | 68,507 | 65,720 | 64,372 | 80,417 | 59,596 | 73,798 | 27,503 | 77,761 | 83,239 |