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Cash Flow Statement

As-reported financial charting
 2012 Y2013 Y2014 Y2015 Y2016 Q3 YTD
Source Document12/31/201412/31/201512/31/201512/31/20159/30/2016
(in thousands)     
Cash Flows From Operating Activities 
Net income 90,37498,45586,101158,948126,945
Adjustments to reconcile net income to net cash provided by operating activities 
Depreciation of premises and equipment and leased equipment 52,41951,89360,06761,56255,259
Branch exit and facilities impairment charges 2,19002,2708,515(2,709)
Compensation expense for share-based payment plans 4,8065,4568,97414,12312,573
Net (gain) loss on sales of premises and equipment and leased equipment (2,204)362(5,817)2,446(255)
Amortization of other intangibles 5,0106,0845,5016,1154,917
Provision for credit losses (8,900)(5,804)12,05221,38616,941
Deferred income tax expense 15,17721,681(48)39,57326,208
Amortization of premiums and discounts on investment securities, net 44,54347,77145,41348,67034,968
Accretion of discounts on loans, net (13,797)(7,122)(21,262)(36,651)(25,426)
Accretion of FDIC indemnification asset (1,055)(342)(112)(96)0
Net (gain) loss on investment securities (555)12,525176(269)
Proceeds from sale of loans held for sale 96,24386,5052,213,9146,817,3304,601,291
Origination of loans held for sale (96,480)(77,935)(2,266,636)(6,818,125)(4,694,890)
Net gain on sale of loans held for sale (2,325)(1,664)(12,022)(34,075)(41,518)
Change in fair value of mortgage servicing rights 0011,77733,64859,894
Net (gain) loss on other real estate owned 14,503(1,888)1,5541,814(1,823)
Net loss (gain) on other real estate owned related to FDIC-assisted transactions 3,091360446(845)448
Increase in cash surrender value of life insurance (3,570)(3,385)(3,381)(3,391)(2,759)
Gain on extinguishment of debt 00(1,895)0NA
Increase in other assets, net (67,511)17,4859,988(78,334)(162,260)
Increase (decrease) in other liabilities, net 49,861(45,155)18,038(37,513)22,618
Net cash provided by operating activities 181,820192,758167,447205,27630,153
Cash Flows From Investing Activities 
Decrease in federal funds sold 0(42,950)42,9500NA
Proceeds from sales of investment securities available for sale 15,416989512,87828,35619,023
Proceeds from maturities and calls of investment securities available for sale 608,665496,258259,694284,895212,283
Purchases of investment securities available for sale (605,098)(484,113)(216,777)(276,664)(19,905)
Proceeds from maturities and calls of investment securities held to maturity 2,13417,08741,65483,061115,040
Purchases of investment securities held to maturity (2,187)(61,073)(122,859)(339,454)(12,690)
Purchases of non-marketable securities - FHLB and FRB stock (44)(547)(15)(58,664)(15,999)
Redemption of non-marketable securities - FHLB and FRB stock 25,4914,51526,48320,00023
Net increase in loans 219,12538,725155,399(663,235)(780,864)
Purchases of mortgage servicing rights 00(1,096)(823)(3,423)
Proceeds from sale of mortgage servicing rights NA00103,1050
Purchases of premises and equipment and leased equipment (76,675)(65,453)(94,667)(111,124)(125,372)
Proceeds from sales of premises and equipment and leased equipment 14,5878,53222,9245,3745,194
Capital improvements on other real estate owned (2,809)(74)00(96)
Proceeds from sale of other real estate owned 34,31621,8149,3907,4078,081
Proceeds from sale of other real estate owned related to FDIC-assisted transactions 40,29815,19417,04916,0917,105
Life insurance death benefit 02,08300NA
Net cash paid in business acquisition (27,010)025,174(18,935)(9,010)
Purchase of additional investment in subsidiary from minority owners NANANANA(2,336)
Net proceeds from FDIC related covered assets 83,9549,766(3,620)(11,483)(3,182)
Net cash used in investing activities 330,163(39,247)674,561(932,093)(606,128)
Cash Flows From Financing Activities 
Net increase in deposits (104,910)(161,438)(343,530)514,273384,628
Net increase in short-term borrowings 648272,787(597,774)73,716442,277
Proceeds from long-term borrowings 6,7427,72533,816339,590182,247
Principal paid on long-term borrowings (156,956)(61,616)(13,059)(22,232)(286,877)
Redemption of junior subordinated notes issued to capital trusts (6,186)0(45,369)0NA
Repurchase of preferred stock and warrant (197,518)NANANANA
Treasury stock transactions, net (249)(1,672)(2,690)(53,587)(3,792)
Stock options exercised 1541,0141,0344991,062
Excess tax expense from share-based payment arrangements (390)(325)3963310
Dividends paid on preferred stock (3,239)0(2,000)(8,000)(6,004)
Dividends paid on common stock (7,101)(24,070)(34,210)(48,413)(42,748)
Net cash provided by financing activities (469,005)32,405(1,003,386)796,177670,793
Net increase (decrease) in cash and cash equivalents 42,978185,916(161,378)69,36094,818
Cash and cash equivalents 
Beginning of period 244,565287,543473,459312,081381,441
End of period 287,543473,459312,081381,441476,259
Supplemental Disclosures of Cash Flow Information 
Cash payments for 
Interest paid to depositors and on other borrowed funds 44,21226,34525,25829,15126,952
Income tax payments, net 9,88335,37523,0408,1384,576
Supplemental Schedule of Noncash Investing Activities 
Investment securities available for sale sold not settled NANANANA(9,741)
Investment securities held to maturity purchased not settled 03210761440
Transfer of investment securities available for sale to investment securities held to maturity 0656,61700NA
Transfer of investment securities held to maturity to investment securities available for sale 00273,4710NA
Loans held for sale transferred to loans held for investment NA0033,6130
Loans transferred to other real estate owned 4,5356,1642,13321,5763,566
Loans transferred to other real estate owned related to FDIC-assisted transactions 19,70516,02316,3374,6071,145
Loans transferred to repossessed assets 1,4968711,0199282,796
Operating leases rewritten as direct finance leases included as loans 7,7606,9365,8537,666642
Supplemental Schedule of Noncash Investing Activities From Acquisitions 
Noncash assets acquired 
Investment securities available for sale 6350826,6910505,564
Investment securities held to maturity 0022,5990NA
Non-marketable securities - FHLB and FRB stock 0050,620016,000
Loans held for sale 00670,6710NA
Loans 32,93303,532,21101,952,826
Lease investments 0011,8850NA
Premises and equipment 81019,70151939,061
Cash surrender value of life insurance NANANANA59,917
Goodwill 36,3000288,15213,549268,729
Other intangibles 5,028020,0798,838NA
Mortgage servicing rights 00224,4530NA
Core deposit intangible NANANANA25,500
Other real estate owned 004,72004,148
Other assets 27,3230130,47874427,615
Total noncash assets acquired 102,30005,802,26023,6502,899,360
Liabilities assumed 
Deposits 003,953,21302,389,423
Short-term borrowings 001,035,80060648,305
Long-term borrowings NANANANA16,000
Junior subordinated notes issued to capital trusts 0080,843028,075
Other liabilities 75,2900123,0284,10923,477
Total liabilities assumed 75,29005,192,8844,7152,505,280

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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