Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 171,314 $ 165,854
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 27,582 20,591
Depreciation and amortization 105,103 95,664
Share-based compensation expense 11,268 11,095
Net change in:    
Trading account securities (8,927) (5,435)
Loans held for sale (39,502) (198,776)
Accrued income and other assets (41,066) (58,226)
Deferred income taxes (4,366) (14,467)
Accrued expense and other liabilities (25,580) (30,674)
Other, net 4,036 3,883
Net cash provided by (used for) operating activities 191,790 (18,257)
Investing activities    
Change in interest bearing deposits in banks (14,830) (9,471)
Cash paid for acquisition of a business, net of cash received 0 457,836
Proceeds from:    
Maturities and calls of available-for-sale and other securities 217,015 397,406
Maturities of held-to-maturity securities 210,606 124,631
Purchases of available-for-sale and other securities (691,607) (878,256)
Purchases of held-to-maturity securities 0 (82,557)
Net proceeds from sales of portfolio loans 74,831 89,347
Net loan and lease activity, excluding sales and purchases (714,140) (332,637)
Purchases of premises and equipment (12,157) (13,094)
Proceeds from sales of other real estate 6,950 8,857
Purchases of loans and leases (667,031) (16,474)
Other, net 920 1,278
Net cash provided by (used for) investing activities (1,589,443) (1,168,806)
Financing activities    
Increase (decrease) in deposits 363,177 1,081,204
Increase (decrease) in short-term borrowings (147,339) (357,831)
Net proceeds from issuance of long-term debt 1,024,068 995,610
Maturity/redemption of long-term debt (195,475) (750,076)
Dividends paid on preferred stock (7,998) (7,965)
Dividends paid on common stock (56,195) (48,738)
Repurchases of common stock 0 (51,707)
Proceeds from stock options exercised 1,126 3,800
Net proceeds from issuance of preferred stock 386,348 0
Other, net (967) 2,077
Net cash provided by (used for) financing activities 1,366,745 866,374
Increase (decrease) in cash and cash equivalents (30,908) (320,689)
Cash and cash equivalents at beginning of period 847,156 1,220,565
Cash and cash equivalents at end of period 816,248 899,876
Supplemental disclosures:    
Interest paid 1,051 26,672
Income taxes paid (refunded) 41,398 353
Non-cash activities    
Loans transferred to held-for-sale from portfolio 145,210 1,091,451
Loans transferred to portfolio from held-for-sale 9,259 1,257
Transfer of loans to OREO $ 6,468 $ 6,575