As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Operating activities

Net income 75,063 88,526 96,787 172,595 149,398

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

Provision for loan and lease losses 9,641 10,140 3,582 14,586 25,969
Depreciation and amortization 13,266 13,037 12,645 24,171 20,136
Stock-based compensation expense 4,049 5,354 5,446 6,219 6,467
Pension expense (income) (1,042) (1,153) (628) 859 781
Net amortization (accretion) on investment securities 7,899 8,476 10,798 10,846 8,663
Net (gain) loss on sales of investment securities (1,505) (234) (1,649) 161 110
Originations of loans held for sale (246,845) (232,526) (157,796) (157,771) (269,271)
Net gains from sales of loans held for sale (6,471) (6,804) (5,169) (6,071) (10,128)
Proceeds from sales of loans held for sale 242,029 246,829 163,300 167,374 260,243
Deferred income taxes 4,192 346 (4,488) 6,267 12,626
Amortization of operating leases NA NA NA NA 5,494
Payments for operating leases NA NA NA NA (5,652)
Decrease (increase) cash surrender value of life insurance (5,379) (186) (3,792) (5,454) (3,017)
Decrease (increase) in interest receivable (995) (1,456) (5,707) (3,808) 201
Decrease in indemnification asset 5,036 5,613 10,117 1,900 NA
(Decrease) increase in interest payable 2,296 46 55 5,207 1,160
Decrease (increase) in other assets (33,370) (1,108) (21,455) 34,360 (232,483)
(Decrease) increase in other liabilities 23,703 7,700 21,478 (10,043) 137,405
Net cash provided by (used in) operating activities 91,567 142,600 123,524 261,398 108,102

Investing activities

Proceeds from sales of securities available-for-sale 70,219 206,990 189,962 290,745 400,533
Proceeds from calls, paydowns and maturities of securities available-for-sale 120,953 186,132 224,690 387,351 401,586
Purchases of securities available-for-sale (547,901) (396,984) (723,131) (852,131) (518,455)
Proceeds from sales of securities held-to-maturity 0 4,862 0 0 NA
Proceeds from calls, paydowns and maturities of securities held-to-maturity 140,059 127,021 121,903 36,671 12,073
Purchases of securities held-to-maturity (3,520) (11,196) (23,402) (14,014) 0
Purchases of other investment securities NA (4,239) (2,353) (31,385) (11,620)
Net decrease (increase) in interest-bearing deposits with other banks (11,104) (48,716) 48,476 (3,764) (1,931)
Net decrease (increase) in loans and leases (390,312) (376,848) (266,043) (28,577) (267,320)
Proceeds from disposal of other real estate owned 15,817 9,356 6,983 3,797 1,207
Purchases of premises and equipment (7,467) (9,726) (6,537) (18,228) (15,227)
Net cash acquired (paid) from business combinations (305,591) 0 0 64,895 (51,663)
Net cash (paid) received for branch divestitures NA 0 0 (41,197) 118
Net cash provided by (used in) investing activities (918,847) (313,348) (429,452) (205,837) (50,699)

Financing activities

Net (decrease) increase in total deposits 523,882 346,164 369,258 (18,690) (56,419)
Net (decrease) increase in short-term borrowings 277,033 (130,513) 6,653 30,531 173,495
Payments on long-term debt (46,238) (86) (94) (52,460) (74,454)
Proceeds from issuance of long-term debt 120,000 NA NA NA NA
Proceeds from FHLB borrowings NA 0 0 150,000 0
Cash dividends paid on common stock (39,070) (39,125) (41,178) (79,655) (66,482)
Purchases of treasury stock (4,498) NA NA NA NA
Treasury stock purchase NA NA NA NA (27,372)
Proceeds from exercise of stock options 744 801 341 284 90
Excess tax benefit on share-based compensation 146 264 0 0 NA
Net cash provided by (used in) financing activities 831,999 177,505 334,980 30,010 (51,142)
Change in cash and due from banks 4,719 6,757 29,052 85,571 6,261
Cash and due from banks at beginning of period 110,122 114,841 121,598 150,650 236,221
Cash and due from banks at end of period 114,841 121,598 150,650 236,221 242,482

Supplemental disclosures

Interest paid 20,961 33,233 49,474 84,125 NA
Income taxes paid 31,193 37,566 38,329 16,004 NA
Acquisition of other real estate owned through foreclosure 8,398 2,872 4,119 1,821 NA
Issuance of restricted stock awards 7,760 5,759 6,416 8,797 NA
Securities transferred from AFS to HTM NA 0 0 372,128 NA
Common stock issued in bank acquisitions NA 0 0 1,043,424 NA

Supplemental schedule for investing activities

Business combinations

Assets acquired, net of purchase consideration NA 0 0 3,342,781 (39,140)
Liabilities assumed NA 0 0 4,018,948 18,298
Goodwill NA 0 0 676,167 57,438
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.