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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD

NET CASH PROVIDED BY OPERATING ACTIVITIES

Net income 137,959 147,083 150,581 256,342 NA

Adjustments to reconcile net income to net cash provided by operating activities

Provision for loan losses 22,574 24,509 28,406 22,013 NA
Depreciation, amortization and accretion 746 (8,720) (21,567) (21,061) NA
(Gain) Loss on sales of bank premises, OREO and equipment 2,059 5,196 4,813 (772) NA
Loss (Gain) on securities (155) (280) (5,584) 2,618 NA
Loans originated for sale (145,836) (154,335) (2,373,622) (1,994,707) NA
Proceeds from sales of loans 146,342 160,021 2,455,213 2,041,508 NA
Gain on sales of loans (2,507) (3,450) (58,907) (58,109) NA
Stock-based compensation 2,484 2,817 3,555 4,073 NA
Excess tax benefits from stock-based compensation arrangements 1,023 4,008 2,201 158 NA
Deferred income tax expense 1,729 7,252 60,827 9,353 NA
Increase in cash surrender value of bank-owned life insurance policies (5,557) (3,837) (5,110) (5,045) NA
Contribution to pension plan 0 0 (10,000) (7,000) NA
Amortization of net periodic pension costs 4,380 5,156 3,310 2,566 NA

Changes in

Loans held for sale 0 0 (8,893) 27,417 NA
Interest receivable (3,467) (755) (2,024) (7,782) NA
Other assets 14,349 (5,855) 32,924 11,824 NA
Accrued expenses and other liabilities (1,222) (8,076) (2,195) 9,137 NA
NET CASH PROVIDED BY OPERATING ACTIVITIES 174,901 170,734 253,928 292,533 93,247

INVESTING ACTIVITIES

Proceeds from maturities and calls of securities held to maturity 1,056 5,730 14,214 328 0
Purchases of held to maturity securities (1,000) 0 (1,403) 0 NA
Proceeds from sales of securities available for sale 7,316 103,440 247,131 171,202 133,783
Proceeds from maturities and calls of securities available for sale 183,950 410,550 439,181 270,754 62,548
Purchases of securities available for sale (85,249) (504,978) (932,474) (917,907) (211,217)
Proceeds from sales of equity securities NA 0 0 2,005 439
Purchases of equity securities NA 0 0 (657) (437)
Proceeds from sales and redemptions of other investment securities 19,845 64,411 40,837 37,860 27,766
Purchases of other investment securities (22,181) (72,052) (74,090) (57,154) (40,934)
Redemption of bank-owned life insurance policies 1,974 630 0 0 2,147
Purchases of bank premises and equipment (5,263) (7,271) (14,357) (5,776) (1,754)
Proceeds from sales of bank premises and equipment 866 554 17 8,397 251
Acquisition of subsidiaries, net of cash paid 0 29,330 44,531 0 NA
Proceeds from the sales of OREO properties 10,270 17,871 7,066 10,816 1,057
Net change in loans (296,882) (17,255) 496,025 (391,381) (149,572)
NET CASH USED IN INVESTING ACTIVITIES (185,298) 30,960 266,678 (871,513) (175,923)

FINANCING ACTIVITIES

Cash dividends paid (88,864) (96,351) (121,354) (142,350) (34,974)
Acquisition of treasury stock (1) (1) (1) (100,724) (12,072)
Proceeds from exercise of stock options 7,871 13,337 4,619 1,500 643
Proceeds from the issuance of common stock 0 199,916 0 0 NA
Distribution of treasury stock for deferred compensation plan 1 1 1 1 NA
Repayment of long-term Federal Home Loan Bank borrowings (794,455) (725,673) (845,208) (755,000) (960,000)
Proceeds from issuance of long-term Federal Home Loan Bank borrowings 705,000 795,000 815,000 950,000 1,300,000
Repayment of trust preferred issuance NA 0 0 (9,374) 0

Changes in

Deposits NA NA NA NA 164,846
Time deposits (135,674) 75,639 614,821 (293,184) NA
Other deposits 433,414 408,127 (928,665) 458,600 NA
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings (12,624) (294,497) 171,821 (176,260) (223,506)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 114,668 375,498 (288,966) (66,791) 234,937
Increase (Decrease) in cash and cash equivalents 104,271 577,192 231,640 (645,771) 152,261
Cash and cash equivalents at beginning of year 753,064 857,335 1,434,527 1,666,167 1,020,396
Cash and cash equivalents at end of period 857,335 1,434,527 1,666,167 1,020,396 1,172,657

Supplemental information

Cash paid for interest 39,835 44,609 72,715 124,679 NA
Cash paid for income taxes 52,319 61,905 73,096 55,336 NA

Noncash investing activities

Transfers of loans to OREO 5,857 21,776 17,615 1,840 2,822
Transfer of held to maturity debt securities to available for sale debt securities NA NA NA NA 11,544
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.