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 Q1 YTD 3/31/2018 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 Q1 YTD 3/31/2018 USD

Operating Activities

Net income 112,558 212,579 147,944 133,144 24,680

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

Provision (recovery) for loan losses 16,933 12,715 40,620 14,271 (1,807)
Depreciation, amortization and accretion, net (83,279) (83,360) (49,765) (13,869) 1,577
Net realized gains on securities 0 (4,403) 0 (16) NA
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 572
Deferred income taxes (22,782) 17,376 (9,690) 40,933 (534)
Other, net 19,000 7,995 16,564 12,085 2,590
Net change in securities purchased under agreements to resell 0 (60,919) 16,230 (97,107) (58,441)
Net change in assets segregated for regulatory purposes (76,011) 99,010 (22,380) (5,585) (11,592)
Net change in trading securities (6,871) 117,639 (51,388) (465,151) (25,466)
Net change in broker-dealer and clearing organization receivables (145,283) 73,344 (46,775) (42,449) (164,957)
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) (2,949)
Net change in broker-dealer and clearing organization payables 214,755 (54,048) (33,180) (2,412) 217,443
Net change in other liabilities 59,283 (104,897) 11,752 (55,557) (108,306)
Net change in securities sold, not yet purchased 48 129,996 23,845 78,932 22,730
Proceeds from sale of mortgage servicing rights asset 11,387 0 7,586 17,499 0
Net gains from sales of loans (390,361) (519,103) (606,991) (538,468) (105,767)
Loans originated for sale (10,839,905) (13,871,473) (16,026,911) (15,014,118) (3,021,516)
Proceeds from loans sold 11,016,636 14,163,781 16,337,299 15,634,027 3,405,633
Net cash provided by operating activities (91,420) 35,737 (183,348) (326,303) 173,890

Investing Activities

Proceeds from maturities and principal reductions of securities held to maturity 5,203 88,070 166,522 56,359 14,095
Proceeds from sales, maturities and principal reductions of securities available for sale 315,166 673,950 396,572 298,737 44,925
Proceeds from sales, maturities and principal reductions of equity securities NA NA NA NA 15
Purchases of securities held to maturity (123,520) (230,404) (186,875) (60,939) (14,848)
Purchases of securities available for sale (49,156) (48,121) (326,810) (471,047) (116,393)
Purchases of equity securities NA NA NA NA (217)
Net change in loans 103,031 (150,605) (555,040) (216,562) 48,859
Purchases of premises and equipment and other assets (43,186) (31,270) (41,941) (31,152) (4,271)
Proceeds from sales of premises and equipment and other real estate owned 69,400 110,922 73,032 32,297 4,487
Proceeds from redemption of bank owned life insurance 0 822 0 0 NA
Net cash received from Federal Home Loan Bank and Federal Reserve Bank stock (17,114) (12,172) (19,021) 34,346 9,716
Net cash from acquisition 0 41,097 0 0 NA
Net cash used in investing activities 259,824 442,289 (493,561) (357,961) (13,632)

Financing Activities

Net change in deposits (518,417) (601,386) 153,131 857,155 (19,231)
Net change in short-term borrowings 420,609 20,437 469,916 (210,865) (142,099)
Proceeds from notes payable 3,000 150,078 296,993 403,136 69,808
Payments on notes payable (2,643) (42,571) (217,630) (512,193) (75,799)
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) (1,706)
Dividends paid on common stock 0 0 (5,801) (23,140) (6,719)
Dividends paid on preferred stock (5,619) (3,539) 0 0 NA
Net cash distributed to noncontrolling interest (902) (1,222) 790 (1,885) (501)
Taxes paid on employee stock awards netting activity 0 (75) (2,442) (3,264) (689)
Other, net 2,620 718 (868) (674) (177)
Net cash used in financing activities (101,352) (621,656) 698,228 480,882 (177,113)
Net change in cash and cash equivalents 67,052 (143,630) 21,319 (203,382) (16,855)
Cash and cash equivalents, beginning of period 746,023 813,075 669,445 690,764 487,382
Cash and cash equivalents, end of period 813,075 669,445 690,764 487,382 470,527

Supplemental Disclosures of Cash Flow Information

Cash paid for interest 28,846 59,700 58,429 84,309 28,294
Cash paid for income taxes, net of refunds 26,859 112,459 88,899 85,840 542

Supplemental Schedule of Non-Cash Activities

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 2,496
Common stock issued in acquisition 0 200,626 0 0 NA
Additions to mortgage servicing rights 35,056 24,974 23,381 16,401 6,661
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.