As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Cash flows from operating activities

Net earnings 45,115 168,905 299,619 352,166 273,781

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

Depreciation and amortization 31,509 20,420 24,885 32,884 23,798
Amortization of net premiums on securities available-for-sale NA 12,465 19,675 39,797 30,238
Amortization of intangible assets NA 6,268 9,410 16,517 9,178
Provision for credit losses (4,210) 11,499 45,481 65,729 51,346
Gain on sale of foreclosed assets (5,201) (3,413) (2,967) (837) (282)
Provision for losses on foreclosed assets 2,515 7,307 5,228 2,576 2,138
Gain on sale of loans and leases (1,791) (601) (373) (909) (4,209)
Gain on sale of premises and equipment (21) (1,520) (28) 78 (388)
Gain on sale of securities (5,359) (4,841) (3,744) (9,485) (2,788)
Gain on BOLI death benefit NA 0 0 (539) (1,050)
Unrealized gain on derivatives and foreign currencies, net 0 (3,487) (160) (202) (449)
Earned stock compensation 21,246 36,474 15,630 23,319 20,198
Loss on sale of PWEF leasing unit NA 0 0 720 0
Write-off of goodwill relating to the asset financing reorganization 0 6,645 0 0 NA
Tax effect included in stockholders' equity of restricted stock vesting (2,133) (4,625) (841) (4,406) 0
Decrease in accrued and deferred income taxes, net 2,198 92,257 149,664 53,556 10,164
(Increase) decrease in other assets 19,789 49,498 48,172 6,441 (32,765)
Decrease in accrued interest payable and other liabilities (53,405) (61,141) (15,773) 3,702 (20,738)
Net cash provided by operating activities 50,252 332,110 593,878 581,107 358,172

Cash flows from investing activities

Cash acquired in acquisitions, net of cash consideration paid 273,013 346,047 260,936 0 NA
Net cash used in branch sale NA 0 0 (178,792) NA
Net increase in loans and leases 275,740 (782,424) (1,105,925) (1,257,734) (567,291)
Proceeds from sales of loans and leases 33,824 66,596 31,993 121,053 293,808
Proceeds from maturities and paydowns of securities available-for-sale 306,536 123,949 144,847 250,170 329,876
Proceeds from sales of securities available-for-sale 22,415 465,608 1,035,926 393,509 185,533
Purchases of securities available-for-sale (550,211) (236,739) (992,680) (375,261) (804,710)
Collection of securities sales proceeds 0 484,084 0 0 NA
Net redemptions of Federal Home Loan Bank stock 18,705 33,390 23,686 (2,160) 4,620
Proceeds from sales of foreclosed assets 36,490 24,464 32,812 8,186 1,455
Purchases of premises and equipment, net (3,604) (2,669) (8,929) (8,183) (5,892)
Proceeds from sales of premises and equipment 31 3,759 146 24 10,306
Proceeds from sale of PWEF leasing unit NA 0 0 138,955 0
Proceeds from BOLI death benefit NA 0 0 3,238 2,478
Net increase of equipment leased to others under operating leases 0 30,493 (65,309) (51,557) (17,956)
Net cash used in investing activities 412,939 556,558 (642,497) (958,552) (567,773)

Cash flows from financing activities

Net increase in noninterest-bearing deposits 18,068 506,533 685,742 490,997 255,874
Net increase (decrease) in interest-bearing deposits (547,081) (375,185) (569,706) (104,021) 649,776
Net decrease in borrowings 101,250 269,741 238,512 285,928 (655,413)
Restricted stock surrendered (13,537) (22,307) (8,400) (33,244) (7,793)
Repayment of acquired debt 0 (992,109) 0 0 NA
Tax effect included in stockholders' equity of restricted stock vesting 2,133 4,625 841 4,406 0
Cash dividends paid (41,006) (114,162) (215,110) (243,437) (182,495)
Net cash provided by (used in) financing activities (480,173) (722,864) 131,879 400,629 59,949
Net (decrease) increase in cash and cash equivalents (16,982) 165,804 83,260 23,184 (149,652)
Cash and cash equivalents, beginning of period 164,404 147,422 313,226 396,486 419,670
Cash and cash equivalents, end of period 147,422 313,226 396,486 419,670 270,018

Supplemental disclosures of cash flow information

Cash paid for interest 13,275 34,788 65,868 54,389 48,402
Cash paid for income taxes 27,665 (1,198) 16,602 133,897 146,321
Loans transferred to foreclosed assets 15,416 9,806 13,472 781 580
Partnership interest transferred to equipment leased to others under operating leases 0 0 20,833 0 NA
Common stock issued in acquisitions 242,268 2,594,070 797,433 0 NA
Transfers from loans held for investment to loans held for sale NA NA NA NA 175,158
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.