Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 362,060 $ 313,762
Adjustments to reconcile net income to net cash provided by operating activities:    
Goodwill, Impairment Loss 0 3,000
Provision for credit losses 41,010 54,015
Depreciation and amortization 167,957 152,867
Share-based compensation expense 25,573 22,792
Change in deferred income taxes 24,138 (10,280)
Originations of loans held for sale (1,890,432) (1,087,825)
Principal payments on and proceeds from loans held for sale 1,677,454 1,071,980
Gain on sale of loans held for sale (17,424) (12,209)
Gains on early extinguishment of debt 0 0
Bargain purchase gain 0 0
Net gain on sales of securities (82) (17,460)
Impairment losses recognized in earnings on available-for-sale securities 0 0
Other Noncash Income (Expense) 27,225 0
Net change in    
Trading account securities (16,955) (14,968)
Accrued income and other assets (175,467) (108,154)
Accrued expense and other liabilities (84,512) 15,079
Net cash provided by (used for) operating activities 86,095 382,599
Investing activities    
Decrease (Increase) in interest bearing deposits in banks (6,850) (12,591)
Net cash received in acquisitions (457,836) (13,452)
Proceeds from:    
Maturities and calls of available-for-sale and other securities 916,486 498,227
Maturities of held-to-maturity securities 288,706 212,679
Sales of available-for-sale and other securities 20,126 1,070,305
Purchases of available-for-sale and other securities (1,798,749) (2,603,602)
Purchases of held-to-maturity securities (215,447) 0
Net proceeds from sales of loans 203,058 132,074
Net loan and lease activity, excluding sales (1,172,432) (2,422,729)
Proceeds from sale of operating lease assets 0 377
Purchases of premises and equipment (43,093) (22,595)
Proceeds from sales of other real estate 21,025 17,326
Purchases of loans and leases (58,341) (205,603)
PaymentsToAcquireIntangibleAssets 0 223
ProceedsFromSecuritizationsOfLoansHeldForInvestment 780,117 0
Other, net 1,327 2,552
Net cash provided by (used for) investing activities (1,521,903) (3,347,255)
Financing activities    
Increase (decrease) in deposits 1,821,169 685,180
Increase (decrease) in short-term borrowings (888,979) 1,278,468
Proceeds from Issuance of Other Long-term Debt 1,746,938 1,750,000
Maturity/redemption of long-term debt (789,408) (198,772)
Dividends paid on preferred stock (15,933) (15,929)
Dividends paid on common stock (97,310) (82,584)
Proceeds from Issuance of Common Stock 0 2,597
ProceedsFromStockOptionsExercised 6,517 9,600
SaleOfDeposits (47,521) 0
Repurchase of common stock (150,847) (246,989)
Other, net 10,586 406
Net cash provided by (used for) financing activities 1,595,212 3,181,977
Increase (decrease) in cash and cash equivalents 159,404 217,321
Cash and cash equivalents at beginning of period 1,220,565 1,001,132
Cash and cash equivalents at end of period 1,379,969 1,218,453
Supplemental disclosures:    
Interest paid 67,381 69,677
Income taxes paid (refunded) 87,986 57,750
Non-cash activities    
Loans transfered to portfolio from held-for-sale 15,726 45,240
Transfer of securities to held-to-maturity from available for sale 0 0
Loans transferred to loans held for sale 111,588 18,168
Dividends accrued, paid in subsequent quarter 56,589 46,645
Transfer of loans to OREO $ 13,028 $ 0