As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

Operating Activities

Net income 112,558 212,579 147,944 133,144 96,169

Adjustments to reconcile net income to net cash provided by (used in) operating activities

Provision for loan losses 16,933 12,715 40,620 14,271 (1,838)
Depreciation, amortization and accretion, net (83,279) (83,360) (49,765) (13,869) 3,558
Net realized gains on securities 0 (4,403) 0 (16) 0
Bargain purchase gain 0 (81,289) 0 0 NA
Net gain on investment in SWS common stock (5,985) NA NA NA NA
Net change in fair value of equity securities NA NA NA NA 396
Deferred income taxes (22,782) 17,376 (9,690) 40,933 653
Other, net 19,000 7,995 16,564 12,085 6,355
Net change in securities purchased under agreements to resell 0 (60,919) 16,230 (97,107) 21,881
Net change in trading securities (6,871) 117,639 (51,388) (465,151) 70,371
Net change in broker-dealer and clearing organization receivables (145,283) 73,344 (46,775) (42,449) (42,516)
Net change in FDIC indemnification asset 61,299 39,936 20,577 24,890 0
Net change in other assets (32,842) (59,142) 41,315 (47,352) 39,208
Net change in broker-dealer and clearing organization payables 214,755 (54,048) (33,180) (2,412) 85,409
Net change in other liabilities 59,283 (104,897) 11,752 (55,557) (79,283)
Net change in securities sold, not yet purchased 48 129,996 23,845 78,932 (53,239)
Proceeds from sale of mortgage servicing rights asset 11,387 0 7,586 17,499 9,303
Net gains from sales of loans (390,361) (519,103) (606,991) (538,468) (354,488)
Loans originated for sale (10,839,905) (13,871,473) (16,026,911) (15,014,118) (11,148,919)
Proceeds from loans sold 11,016,636 14,163,781 16,337,299 15,634,027 11,665,782
Net cash provided by (used in) operating activities (91,420) 35,737 (183,348) (326,303) 318,802

Investing Activities

Proceeds from maturities and principal reductions of securities held to maturity 5,203 88,070 166,522 56,359 36,729
Proceeds from sales, maturities and principal reductions of securities available for sale 315,166 673,950 396,572 298,737 190,266
Proceeds from sales, maturities and principal reductions of equity securities NA NA NA NA 3
Purchases of securities held to maturity (123,520) (230,404) (186,875) (60,939) (29,377)
Purchases of securities available for sale (49,156) (48,121) (326,810) (471,047) (276,710)
Purchases of equity securities NA NA NA NA (719)
Net change in loans 103,031 (150,605) (555,040) (216,562) (113,918)
Purchases of premises and equipment and other assets (43,186) (31,270) (41,941) (31,152) (60,473)
Proceeds from sales of premises and equipment and other real estate owned 69,400 110,922 73,032 32,297 18,440
Proceeds from redemption of bank owned life insurance 0 822 0 0 NA
Net cash received from (paid for) Federal Home Loan Bank and Federal Reserve Bank stock (17,114) (12,172) (19,021) 34,346 (5,447)
Net cash from acquisition 0 41,097 0 0 NA
Net cash paid for acquisition NA NA NA NA (63,245)
Net cash used in investing activities 259,824 442,289 (493,561) (357,961) (304,451)

Financing Activities

Net change in deposits (518,417) (601,386) 153,131 857,155 (40,850)
Net change in short-term borrowings 420,609 20,437 469,916 (210,865) 10,225
Proceeds from notes payable 3,000 150,078 296,993 403,136 455,776
Payments on notes payable (2,643) (42,571) (217,630) (512,193) (444,312)
Redemption of preferred stock 0 (114,068) 0 0 NA
Proceeds from issuance of common stock 0 0 4,139 0 NA
Payments to repurchase common stock 0 (30,028) 0 (27,388) (38,821)
Dividends paid on common stock 0 0 (5,801) (23,140) (20,074)
Dividends paid on preferred stock (5,619) (3,539) 0 0 NA
Net cash contributed from (distributed to) noncontrolling interest (902) (1,222) 790 (1,885) 18,367
Taxes paid on employee stock awards netting activity 0 (75) (2,442) (3,264) (1,806)
Other, net 2,620 718 (868) (674) (551)
Net cash provided by (used in) financing activities (101,352) (621,656) 698,228 480,882 (62,046)
Net change in cash and cash equivalents 67,052 (143,630) 21,319 (203,382) (47,695)
Cash, cash equivalents and restricted cash, beginning of period 746,023 813,075 669,445 690,764 673,960
Cash, cash equivalents and restricted cash, end of period 813,075 669,445 690,764 487,382 626,265

Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets

Cash and due from banks NA NA NA NA 405,682
Federal funds sold NA NA NA NA 468
Assets segregated for regulatory purposes (76,011) 99,010 (22,380) (5,585) 220,115
Total cash, cash equivalents and restricted cash NA NA NA NA 626,265

Supplemental Disclosures of Cash Flow Information

Cash paid for interest 28,846 59,700 58,429 84,309 101,402
Cash paid for income taxes, net of refunds 26,859 112,459 88,899 85,840 5,806

Supplemental Schedule of Non-Cash Activities

Construction in progress related to build-to-suit lease obligations NA NA NA NA 23,773
Conversion of available for sale investment to SWS common stock 71,502 NA NA NA NA
Conversion of loans to other real estate owned 67,542 57,838 20,184 8,853 5,868
Common stock issued in acquisition 0 200,626 0 0 NA
Additions to mortgage servicing rights 35,056 24,974 23,381 16,401 21,090
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.