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
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 208,094 $ 171,314
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 67,638 27,582
Depreciation and amortization 211,198 105,103
Share-based compensation expense (1,885) 11,268
Net change in:    
Trading account securities 35,510 (8,927)
Loans held for sale 23,544 (39,502)
Accrued income and other assets 54,010 (41,066)
Deferred income taxes (20,271) (4,366)
Accrued expense and other liabilities (188,072) (25,580)
Other, net 5,985 (4,036)
Net cash provided by (used for) operating activities 395,751 191,790
Investing activities    
Change in interest bearing deposits in banks 16,876 (14,830)
Proceeds from:    
Maturities and calls of available-for-sale and other securities 116,261 217,015
Maturities of held-to-maturity securities 279,077 210,606
Sales of available-for-sale and other securities 165,364 0
Purchases of available-for-sale and other securities (887,880) (691,607)
Purchases of held-to-maturity securities (8,616) 0
Net proceeds from sales of portfolio loans 118,626 74,831
Net loan and lease activity, excluding sales and purchases (437,084) (714,140)
Purchases of premises and equipment (55,485) (12,157)
Proceeds from sales of other real estate 5,860 6,950
Purchases of loans and leases (43,972) (667,031)
Other, net (6,094) 920
Net cash provided by (used for) investing activities (737,067) (1,589,443)
Financing activities    
Increase (decrease) in deposits 1,814,793 363,177
Increase (decrease) in short-term borrowings (2,433,055) (147,339)
Net proceeds from issuance of long-term debt 1,029,231 1,024,068
Maturity/redemption of long-term debt (47,434) (195,475)
Dividends paid on preferred stock (18,865) (7,998)
Dividends paid on common stock (87,015) (56,195)
Proceeds from stock options exercised 4,822 1,126
Proceeds from Issuance of Preferred Stock and Preference Stock 0 386,348
Other, net 2,882 (967)
Net cash provided by (used for) financing activities 265,359 1,366,745
Increase (decrease) in cash and cash equivalents (75,957) (30,908)
Cash and cash equivalents at beginning of period 1,384,770 847,156
Cash and cash equivalents at end of period 1,308,813 816,248
Supplemental disclosures:    
Interest paid 86,477  
Income taxes paid (refunded) 1,059  
Non-cash activities    
Loans transferred to held-for-sale from portfolio 158,735 145,210
Loans transferred to portfolio from held-for-sale 168 9,259
Transfer of loans to OREO $ 10,271 $ 6,468