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Cash Flow Statement

As-reported financial charting
 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
(in thousands)     
Cash Flows From Operating Activities 
Net income 98,45586,101158,948174,13654,537
Adjustments to reconcile net income to net cash provided by operating activities 
Depreciation of premises and equipment and leased equipment 51,89360,06761,56275,01321,797
Branch exit and facilities impairment charges 02,2708,515(2,709)(682)
Compensation expense for share-based payment plans 5,4568,97414,12316,8684,481
Net (gain) loss on sales of premises and equipment and leased equipment 362(5,817)2,446783(576)
Amortization of other intangibles 6,0845,5016,1157,3052,090
Provision for credit losses (5,804)12,05221,38619,5633,734
Deferred income tax expense 21,681(48)39,57345,91718,304
Amortization of premiums and discounts on investment securities, net 47,77145,41348,67047,04210,738
Accretion of discounts on loans, net (7,122)(21,262)(36,651)(29,211)(7,158)
Accretion of FDIC indemnification asset (342)(112)(96)0NA
Net gain on investment securities 12,525176(447)(231)
Proceeds from sale of loans held for sale 86,5052,213,9146,817,3306,687,6701,305,445
Origination of loans held for sale (77,935)(2,266,636)(6,818,125)(6,630,361)(1,073,357)
Net gain on sale of loans held for sale (1,664)(12,022)(34,075)(28,896)(4,052)
Origination of mortgage servicing rights NA(21,217)(68,690)(68,428)NA
Change in fair value of mortgage servicing rights 011,77733,6483,6662,660
Net loss (gain) on other real estate owned (1,888)2,000969(2,358)607
Net loss (gain) on other real estate owned related to FDIC-assisted transactions 360NANANANA
Increase in cash surrender value of life insurance (3,385)(3,381)(3,391)(4,075)(1,288)
Gain on extinguishment of debt 0(1,895)00NA
Decrease (increase) in other assets, net 17,48531,205(9,644)(116,961)52,415
Decrease in other liabilities, net (45,155)18,434(37,182)57,112(97,061)
Net cash provided by operating activities 192,758167,843205,607251,629292,403
Cash Flows From Investing Activities 
Decrease in federal funds sold (42,950)42,95000NA
Proceeds from sales of investment securities available for sale 989512,87828,35628,0249,911
Proceeds from maturities and calls of investment securities available for sale 496,258259,694284,895336,35771,539
Purchases of investment securities available for sale (484,113)(216,777)(276,664)(17,702)(45,791)
Proceeds from maturities and calls of investment securities held to maturity 17,08741,65483,061174,20131,896
Purchases of investment securities held to maturity (61,073)(122,859)(339,454)(31,410)(15,150)
Purchases of non-marketable securities - FHLB and FRB stock (547)(15)(58,664)(60,316)(53,307)
Redemption of non-marketable securities - FHLB and FRB stock 4,51526,48320,00047,27352,156
Net increase in loans 38,725155,399(663,235)(1,023,221)(179,104)
Purchases of mortgage servicing rights 0(1,096)(823)(5,087)(496)
Proceeds from sale of mortgage servicing rights 00103,1050NA
Purchases of premises and equipment and leased equipment (65,453)(94,667)(111,124)(191,922)(28,361)
Proceeds from sales of premises and equipment and leased equipment 8,53222,9245,3746,8195,976
Capital improvements on other real estate owned (74)00(96)NA
Proceeds from sale of other real estate owned 21,8149,3907,40715,91711,324
Proceeds from sale of other real estate owned related to FDIC-assisted transactions 15,19417,04916,0918,9681,420
Life insurance death benefit 2,083NANANANA
Net cash (paid) acquired in business acquisition 025,174(18,935)(9,010)NA
Purchase of additional investment in subsidiary from minority owners NA00(2,336)(827)
Net proceeds from FDIC related covered assets 9,766(3,620)(11,483)(4,113)(434)
Net cash used in investing activities (39,247)674,561(932,093)(727,654)(139,248)
Cash Flows From Financing Activities 
Net (decrease) increase in deposits (161,438)(343,530)514,273215,906(111,065)
Proceeds from short-term borrowings - FHLB advances NA1,050,0001,950,0003,175,0001,000,000
Principal paid on short-term borrowings - FHLB advances NA(1,480,000)(1,875,000)(2,975,000)(1,050,000)
Net increase (decrease) in short-term borrowings - other NA(167,774)(1,284)15,246NA
Net decrease in short-term borrowings 272,787NANANA(43,660)
Proceeds from long-term borrowings 7,72533,816339,590267,35989,060
Principal paid on long-term borrowings (61,616)(13,059)(22,232)(71,845)(10,232)
Redemption of junior subordinated notes issued to capital trusts 0(45,369)00NA
Treasury stock transactions, net (1,672)(2,690)(53,587)(3,837)(2,543)
Stock options exercised 1,0141,0344991,410610
Excess tax expense from share-based payment arrangements (325)NANANANA
Dividends paid on preferred stock 0(2,000)(8,000)(8,009)(2,003)
Dividends paid on common stock (24,070)(34,210)(48,413)(58,177)(16,385)
Net cash used in financing activities 32,405(1,003,782)795,846558,053(146,218)
Net increase in cash and cash equivalents 185,916(161,378)69,36082,0286,937
Cash and cash equivalents 
Beginning of period 287,543473,459312,081381,441463,469
End of period 473,459312,081381,441463,469470,406
Supplemental Disclosures of Cash Flow Information 
Cash payments for 
Interest paid to depositors and on other borrowed funds 26,34525,25829,15138,53812,687
Income tax payments, net 35,37523,0408,13814,1881,700
Supplemental Schedule of Noncash Investing Activities 
Investment securities held to maturity purchased not settled 3210761(761)6,386
Transfer of investment securities available for sale to investment securities held to maturity 656,617NANANANA
Transfer of investment securities held to maturity to investment securities available for sale 0273,47100NA
Loans held for sale transferred to loans held for investment 0033,6130NA
Loans transferred to other real estate owned 6,1642,13321,5764,945350
Loans transferred to other real estate owned related to FDIC-assisted transactions 16,02316,3374,6072,8850
Loans transferred to repossessed assets 8711,0199283,072489
Operating leases rewritten as direct finance leases included as loans 6,9365,8537,6669101,339
Long-term borrowings transferred to short-term borrowings NA00300,00075,000
Supplemental Schedule of Noncash Investing Activities From Acquisitions 
Adjustments to noncash assets previously acquired 
Investment securities available for sale 0826,6910505,564NA
Investment securities held to maturity 022,59900NA
Non-marketable securities -FHLB and FRB stock 050,620016,000NA
Loans held for sale 0670,67100NA
Loans 03,532,21101,940,7021,846
Lease investments 011,88500NA
Premises and equipment 019,70151939,048NA
Cash surrender value of life insurance NA0059,917NA
Goodwill 0288,15213,549275,968(1,113)
Other intangibles 020,0798,83825,452NA
Mortgage servicing rights 0224,45300NA
Other real estate owned 04,72003,960NA
Other assets 0130,47874432,141(733)
Total noncash assets acquired 05,802,26023,6502,898,752NA
Total adjustments to noncash assets previously acquired NANANANA0
Liabilities assumed 
Deposits 03,953,21302,389,327NA
Short-term borrowings 01,035,80060648,305NA
Long-term borrowings NA0016,000NA
Junior subordinated notes issued to capital trusts 080,843028,075NA
Other liabilities 0123,0284,10922,966NA
Total liabilities assumed 05,192,8844,7152,504,673NA

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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