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 116,073 158,801 247,105 195,513 177,085

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

Provision for loan losses 15,500 32,500 41,000 70,750 30,850
Net amortization (accretion) of premiums and discounts from acquisition (2,727) (2,303) (1,906) (398) 135
Depreciation and amortization 52,751 54,556 54,875 53,116 41,388
Deferred income tax expense (benefit) (4,848) 2,756 59,738 (20,261) 1,331
Net increase in trading securities and other earning assets 10,258 (12,420) (10,805) (9,889) (25,425)
Gains on sales of securities available for sale, net (10,402) (8,509) (4,192) (578) (2,463)
Gains on sales of assets (98) (762) (103,346) (2,721) (247)
Amortization of securities premiums, net of discount accretion 57,301 54,467 48,101 43,773 25,670
Originations of loans held for sale (96,324) (92,438) (65,163) (59,687) (122,479)
Gains on sales of loans held for sale, net (1,331) (1,774) (1,561) (1,183) (920)
Proceeds from sales of loans held for sale 97,690 89,522 70,543 59,138 115,566
Equity-based compensation 10,751 11,735 13,316 11,074 11,534
Net tax benefit related to equity compensation plans 944 1,073 3,612 2,364 643
Changes in
Accrued income (7,075) (8,918) (9,201) (11,305) (8,856)
Accrued expenses and taxes (4,503) 14,112 (40,806) (13,747) 66,372
Other assets and liabilities, net (22,055) 4,042 25,216 (18,862) (119,674)
Net cash provided by operating activities 211,905 296,440 326,526 297,097 190,510

INVESTING ACTIVITIES

Proceeds from maturities of securities held to maturity 59,775 48,539 87,595 114,550 119,078
Proceeds from sales of securities available for sale 946,045 951,264 578,517 95,525 331,399
Proceeds from maturities of securities available for sale 1,200,178 1,792,357 1,198,834 1,017,230 789,570
Purchases of securities held to maturity (451,350) (500,682) (236,832) (33,158) (68,192)
Purchases of securities available for sale (1,923,747) (2,546,028) (1,585,395) (1,486,578) (1,719,630)
Net increase in loans (988,434) (1,129,026) (770,727) (970,399) (892,159)
Net decrease (increase) in fed funds sold and resell agreements (45,190) (150,700) 132,726 (435,400) 163,609
Net cash activity from acquisitions and divestitures 95,351 0 164,561 (8,907) (6,225)
Net increase in interest bearing balances due from other financial institutions 34,473 88,009 45,752 9,389 (4,747)
Purchases of premises and equipment (53,760) (50,841) (36,447) (57,940) (47,729)
Proceeds from sales of premises and equipment 1,069 1,760 3,037 5,379 4,163
Purchases of bank-owned and company-owned life insurance (204,647) (7,095) (62,800) 0 NA
Proceeds from bank-owned and company-owned life insurance death benefit 0 0 2,601 16 444
Net cash used in investing activities (1,330,237) (1,502,443) (478,578) (1,750,293) (1,330,419)

FINANCING ACTIVITIES

Net increase (decrease) in demand and savings deposits 894,667 1,598,026 1,307,843 1,402,119 208,246
Net decrease in time deposits (352,622) (119,315) 144,543 (129,159) (180,161)
Net increase (decrease) in fed funds purchased and repurchase agreements (207,070) 38,875 (596,233) 258,216 272,080
Net decrease in short-term debt (112,133) (5,000) 0 0 NA
Proceeds from long-term debt 2,500 1,500 3,003 4,000 6,765
Repayment of long-term debt (10,816) (11,703) (1,524) (1,653) (3,247)
Payment of contingent consideration on acquisitions (21,494) (3,031) 0 0 NA
Cash dividends paid (45,967) (49,038) (51,876) (58,279) (44,219)
Proceeds from exercise of stock options and sales of treasury shares 11,606 16,911 13,867 12,318 3,617
Purchases of treasury stock (8,457) (16,367) (15,276) (76,507) (4,335)
Net cash provided by (used) in financing activities 150,214 1,450,858 804,347 1,411,055 258,746
Decrease in cash and cash equivalents (968,118) 244,855 652,295 (42,141) (881,163)
Cash and cash equivalents at beginning of period 1,787,230 819,112 1,063,967 1,716,262 1,674,121
Cash and cash equivalents at end of period 819,112 1,063,967 1,716,262 1,674,121 792,958

Supplemental Disclosures

Income tax payments 47,086 44,076 45,749 63,127 2,056
Total interest payments 17,812 27,999 56,820 115,163 145,944

Transactions related to Marquette acquisition

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