As Reported Financial Statements

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
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

OPERATING ACTIVITIES

Net income 116,073 158,801 247,105 195,513

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

Provision for loan losses 15,500 32,500 41,000 70,750
Net accretion of premiums and discounts from acquisition (2,727) (2,303) (1,906) (398)
Depreciation and amortization 52,751 54,556 54,875 53,116
Deferred income tax (benefit) expense (4,848) 2,756 59,738 (20,261)
Net increase in trading securities and other earning assets 10,258 (12,420) (10,805) (9,889)
Gains on sales of securities available for sale, net (10,402) (8,509) (4,192) (578)
Gains on sales of assets (98) (762) (103,346) (2,721)
Amortization of securities premiums, net of discount accretion 57,301 54,467 48,101 43,773
Originations of loans held for sale (96,324) (92,438) (65,163) (59,687)
Gains on sales of loans held for sale, net (1,331) (1,774) (1,561) (1,183)
Proceeds from sales of loans held for sale 97,690 89,522 70,543 59,138
Equity based compensation 10,751 11,735 13,316 11,074
Net tax benefit related to equity compensation plans 944 1,073 3,612 2,364
Changes in
Accrued income (7,075) (8,918) (9,201) (11,305)
Accrued expenses and taxes (4,503) 14,112 (40,806) (13,747)
Other assets and liabilities, net (22,055) 4,042 25,216 (18,862)
Net cash provided by operating activities 211,905 296,440 326,526 297,097

INVESTING ACTIVITIES

Proceeds from maturities of securities held to maturity 59,775 48,539 87,595 114,550
Proceeds from sales of securities available for sale 946,045 951,264 578,517 95,525
Proceeds from maturities of securities available for sale 1,200,178 1,792,357 1,198,834 1,017,230
Purchases of securities held to maturity (451,350) (500,682) (236,832) (33,158)
Purchases of securities available for sale (1,923,747) (2,546,028) (1,585,395) (1,486,578)
Net increase in loans (988,434) (1,129,026) (770,727) (970,399)
Net (increase) decrease in fed funds sold and resell agreements (45,190) (150,700) 132,726 (435,400)
Net cash activity from acquisitions and divestitures 95,351 0 164,561 (8,907)
Net decrease in interest bearing balances due from other financial institutions 34,473 88,009 45,752 9,389
Purchases of premises and equipment (53,760) (50,841) (36,447) (57,940)
Proceeds from sales of premises and equipment 1,069 1,760 3,037 5,379
Purchases of bank-owned and company-owned life insurance (204,647) (7,095) (62,800) 0
Proceeds from bank-owned life insurance death benefit 0 0 2,601 16
Net cash used in investing activities (1,330,237) (1,502,443) (478,578) (1,750,293)

FINANCING ACTIVITIES

Net increase in demand and savings deposits 894,667 1,598,026 1,307,843 1,402,119
Net (decrease) increase in time deposits (352,622) (119,315) 144,543 (129,159)
Net increase (decrease) in fed funds purchased and repurchase agreements (207,070) 38,875 (596,233) 258,216
Net decrease in short-term debt (112,133) (5,000) 0 0
Proceeds from long-term debt 2,500 1,500 3,003 4,000
Repayment of long-term debt (10,816) (11,703) (1,524) (1,653)
Payment of contingent consideration on acquisitions (21,494) (3,031) 0 0
Cash dividends paid (45,967) (49,038) (51,876) (58,279)
Proceeds from exercise of stock options and sales of treasury shares 11,606 16,911 13,867 12,318
Purchases of treasury stock (8,457) (16,367) (15,276) (76,507)
Net cash provided by financing activities 150,214 1,450,858 804,347 1,411,055
(Decrease) increase in cash and cash equivalents (968,118) 244,855 652,295 (42,141)
Cash and cash equivalents at beginning of year 1,787,230 819,112 1,063,967 1,716,262
Cash and cash equivalents at end of year 819,112 1,063,967 1,716,262 1,674,121

Supplemental disclosures

Income taxes paid 47,086 44,076 45,749 63,127
Total interest paid 17,812 27,999 56,820 115,163

Transactions related to Marquette acquisition

Assets acquired 1,312,174 NA NA NA
Liabilities assumed 1,151,025 NA NA NA
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