Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 479,835 $ 345,854
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 92,616 52,091
Depreciation and amortization 210,825 208,249
Share-based compensation expense 52,045 27,799
Net gain on sales of securities (127) (656)
Net change in:    
Trading account securities 38,528 1,708
Loans held for sale (220,674) (307,880)
Accrued income and other assets (57,635) (97,334)
Deferred income taxes 11,725 (6,864)
Accrued expense and other liabilities (60,182) 70,554
Other, net 11,661 (7,539)
Net cash provided by (used for) operating activities 558,744 286,638
Investing activities    
Change in interest bearing deposits in banks 19,474 6,942
Proceeds from:    
Maturities and calls of available-for-sale and other securities 715,893 467,633
Maturities of held-to-maturity securities 523,309 495,645
Sales of available-for-sale and other securities 411,763 170,986
Purchases of available-for-sale and other securities (1,891,781) (1,405,035)
Purchases of held-to-maturity securities (8,616) 0
Net proceeds from sales of portfolio loans 259,165 234,608
Net loan and lease activity, excluding sales and purchases (1,429,367) (2,220,929)
Purchases of premises and equipment (112,566) (19,846)
Proceeds from sales of other real estate 17,802 13,290
Purchases of loans and leases (93,560) (341,985)
Other, net 8,343 2,698
Net cash provided by (used for) investing activities (1,580,141) (2,595,993)
Financing activities    
Increase (decrease) in deposits 325,656 (256,333)
Increase (decrease) in short-term borrowings 838,389 1,335,888
Net proceeds from issuance of long-term debt 1,060,697 1,051,794
Maturity/redemption of long-term debt (843,019) (255,750)
Dividends paid on preferred stock (37,743) (27,872)
Dividends paid on common stock (174,168) (112,087)
Proceeds from stock options exercised 6,884 3,887
Net proceeds from issuance of preferred stock 0 584,987
Payments related to tax-withholding for share based compensation awards (24,593) 0
Other, net 0 4,865
Net cash provided by (used for) financing activities 1,152,103 2,329,379
Increase (decrease) in cash and cash equivalents 130,706 20,024
Cash and cash equivalents at beginning of period 1,384,770 847,156
Cash and cash equivalents at end of period 1,515,476 867,180
Supplemental disclosures:    
Interest paid 185,107 107,428
Income taxes paid (refunded) 54,434 3,099
Non-cash activities    
Loans transferred to held-for-sale from portfolio 298,331 266,527
Loans transferred to portfolio from held-for-sale 1,265 10,661
Transfer of loans to OREO 16,926 $ 12,974
Available For Sale Securities Transferred To Held To Maturity Securities $ 1,000,000