Email pagePDF viewPrint viewRSS FeedsEmail AlertCompany TearsheetSocial Media SharingIR Mobile Site

Cash Flow Statement

As-reported financial charting
 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
(in thousands)    
Cash Flows From Operating Activities 
Net income 98,45586,101158,948174,136
Adjustments to reconcile net income to net cash provided by operating activities 
Depreciation of premises and equipment and leased equipment 51,89360,06761,56275,013
Facilities impairment charges 02,2708,515(2,709)
Compensation expense for share-based payment plans 5,4568,97414,12316,868
Loss (gain) on sales of premises and equipment and leased equipment 362(5,817)2,446783
Amortization of other intangibles 6,0845,5016,1157,305
Provision for credit losses (5,804)12,05221,38619,563
Deferred income tax expense 21,681(48)39,57345,917
Amortization of premiums and discounts on investment securities, net 47,77145,41348,67047,042
Accretion of premiums and discounts on loans, net (7,122)(21,262)(36,651)(29,211)
Accretion of FDIC indemnification asset (342)(112)(96)0
Net (gain) loss on investment securities 12,525176(447)
Proceeds from sale of loans held for sale 86,5052,213,9146,817,3306,687,670
Origination of loans held for sale (77,935)(2,266,636)(6,818,125)(6,630,361)
Net gain on sale of loans held for sale (1,664)(12,022)(34,075)(28,896)
Origination of mortgage servicing rights NA(21,217)(68,690)(68,428)
Change in fair value of mortgage servicing rights 011,77733,6483,666
Net (gain) loss on other real estate owned (1,888)2,000969(2,358)
Net loss (gain) on other real estate owned related to FDIC-assisted transactions 360NANANA
Increase in cash surrender value of life insurance (3,385)(3,381)(3,391)(4,075)
Gain on extinguishment of debt 0(1,895)00
(Increase) decrease in other assets, net 17,48531,205(9,644)(116,961)
Increase (decrease) in other liabilities, net (45,155)18,434(37,182)57,112
Net cash provided by operating activities 192,758167,843205,607251,629
Cash Flows From Investing Activities 
Decrease in federal funds sold (42,950)42,95000
Proceeds from sales of investment securities available for sale 989512,87828,35628,024
Proceeds from maturities and calls of investment securities available for sale 496,258259,694284,895336,357
Purchase of investment securities available for sale (484,113)(216,777)(276,664)(17,702)
Proceeds from maturities and calls of investment securities held to maturity 17,08741,65483,061174,201
Purchase of investment securities held to maturity (61,073)(122,859)(339,454)(31,410)
Purchase of non-marketable securities - FHLB and FRB stock (547)(15)(58,664)(60,316)
Redemption of non-marketable securities - FHLB and FRB stock 4,51526,48320,00047,273
Net (increase) decrease in loans 38,725155,399(663,235)(1,023,221)
Purchases in mortgage servicing rights 0(1,096)(823)(5,087)
Proceeds from sale of mortgage servicing rights 00103,1050
Purchases of premises and equipment and leased equipment (65,453)(94,667)(111,124)(191,922)
Proceeds from sales of premises and equipment and leased equipment 8,53222,9245,3746,819
Capital improvements on other real estate owned (74)00(96)
Proceeds from sale of other real estate owned 21,8149,3907,40715,917
Proceeds from sale of other real estate owned related to FDIC-assisted transactions 15,19417,04916,0918,968
Life insurance death benefit 2,083NANANA
Net cash (paid) acquired in business acquisition 025,174(18,935)(9,010)
Purchase of additional investment in subsidiary from minority owners NA00(2,336)
Net payments for FDIC related covered assets 9,766(3,620)(11,483)(4,113)
Net cash (used in) provided by investing activities (39,247)674,561(932,093)(727,654)
Cash Flows From Financing Activities 
Net increase (decrease) in deposits (161,438)(343,530)514,273215,906
Net increase in short-term borrowings 272,787NANANA
Proceeds from short-term borrowings - FHLB advances NA1,050,0001,950,0003,175,000
Principal paid on short-term borrowings - FHLB advances NA(1,480,000)(1,875,000)(2,975,000)
Net increase (decrease) in short-term borrowings - other NA(167,774)(1,284)15,246
Proceeds from long-term borrowings 7,72533,816339,590267,359
Principal paid on long-term borrowings (61,616)(13,059)(22,232)(71,845)
Redemption of junior subordinated notes issued to capital trusts 0(45,369)00
Treasury stock transactions, net (1,672)(2,690)(53,587)(3,837)
Stock options exercised 1,0141,0344991,410
Excess tax expense from share-based payment arrangements (325)NANANA
Dividends paid on preferred stock 0(2,000)(8,000)(8,009)
Dividends paid on common stock (24,070)(34,210)(48,413)(58,177)
Net cash provided by (used in) financing activities 32,405(1,003,782)795,846558,053
Net increase (decrease) in cash and cash equivalents 185,916(161,378)69,36082,028
Cash and cash equivalents 
Beginning of year 287,543473,459312,081381,441
End of year 473,459312,081381,441463,469
Supplemental Disclosures of Cash Flow Information 
Cash payments for 
Interest paid to depositors and other borrowed funds 26,34525,25829,15138,538
Income tax payments, net 35,37523,0408,13814,188
Supplemental Schedule of Noncash Investing Activities 
Investment securities held to maturity purchased not settled 3210761(761)
Transfer of investment securities available for sale to investment securities held to maturity 656,617NANANA
Transfer of investment securities held to maturity to investment securities available for sale 0273,47100
Loans held for sale transferred to loans held for investment 0033,6130
Loans transferred to other real estate owned 6,1642,13321,5764,945
Loans transferred to other real estate owned related to FDIC-assisted transactions 16,02316,3374,6072,885
Loans transferred to repossessed vehicles 8711,0199283,072
Operating leases rewritten as direct finance leases included as loans 6,9365,8537,666910
Long-term borrowings transferred to short-term borrowings NA00300,000
Supplemental Schedule of Noncash Investing Activities From Acquisitions 
Noncash assets acquired 
Investment securities available for sale 0826,6910505,564
Investment securities held to maturity 022,59900
Non-marketable securities -FHLB and FRB stock 050,620016,000
Loans held for sale 0670,67100
Loans 03,532,21101,940,702
Lease investments 011,88500
Premises and equipment 019,70151939,048
Cash surrender value of life insurance NA0059,917
Goodwill 0288,15213,549275,968
Other intangibles 020,0798,83825,452
Mortgage servicing rights 0224,45300
Other real estate owned 04,72003,960
Other assets 0130,47874432,141
Total noncash assets acquired 05,802,26023,6502,898,752
Liabilities assumed 
Deposits 03,953,21302,389,327
Short-term borrowings 01,035,80060648,305
Long-term borrowings NA0016,000
Junior subordinated notes issued to capital trusts 080,843028,075
Other liabilities 0123,0284,10922,966
Total liabilities assumed 05,192,8844,7152,504,673

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.

Copyright 2017, © S&P Global Market Intelligence  Terms of Use