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 212,579 147,944 133,144 125,727 181,275

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

Provision (recovery) for loan losses 12,715 40,620 14,271 5,088 326
Depreciation, amortization and accretion, net (83,360) (49,765) (13,869) (2,345) (455)
Net realized gains on securities (4,403) 0 (16) 0 NA
Bargain purchase gain (81,289) NA NA NA NA
Net change in fair value of equity securities NA 0 0 2,486 (1,368)
Deferred income taxes 17,376 (9,690) 40,933 13,197 1,065
Other, net 7,995 16,564 12,085 8,838 10,695
Net change in securities purchased under agreements to resell (60,919) 16,230 (97,107) 124,926 11,613
Net change in trading securities 117,639 (51,388) (465,151) (14,781) 38,198
Net change in broker-dealer and clearing organization receivables 73,344 (46,775) (42,449) 23,618 (271,474)
Net change in FDIC indemnification asset 39,936 20,577 24,890 22,831 NA
Net change in other assets (59,142) 41,315 (47,352) 13,741 (48,122)
Net change in broker-dealer and clearing organization payables (54,048) (33,180) (2,412) (7,054) 132,964
Net change in other liabilities (104,897) 11,752 (55,557) (93,890) 87,990
Net change in securities sold, not yet purchased 129,996 23,845 78,932 (151,154) (22,418)
Proceeds from sale of mortgage servicing rights asset 0 7,586 17,499 9,303 0
Net gains from sales of loans (519,103) (606,991) (538,468) (445,116) (384,362)
Loans originated for sale (13,871,473) (16,026,911) (15,014,118) (14,287,551) (11,858,761)
Proceeds from loans sold 14,163,781 16,337,299 15,634,027 15,041,676 11,638,303
Net cash provided by (used in) operating activities 35,737 (160,968) (320,718) 389,540 (484,531)

Investing Activities

Proceeds from maturities and principal reductions of securities held to maturity 88,070 166,522 56,359 43,699 53,051
Proceeds from sales, maturities and principal reductions of securities available for sale 673,950 396,572 298,737 243,708 219,351
Proceeds from sales, maturities and principal reductions of equity securities NA 0 0 3 1,860
Purchases of securities held to maturity (230,404) (186,875) (60,939) (39,259) (73,652)
Purchases of securities available for sale (48,121) (326,810) (471,047) (323,991) (324,609)
Purchases of equity securities NA 0 0 (933) (307)
Net change in loans held for investment (150,605) (555,040) (216,562) (110,615) (387,952)
Purchases of premises and equipment and other assets (31,270) (41,941) (31,152) (68,079) (27,200)
Proceeds from sales of premises and equipment and other real estate owned 110,922 73,032 32,297 25,847 12,570
Proceeds from redemption of bank owned life insurance 822 NA NA NA NA
Net cash paid for Federal Home Loan Bank and Federal Reserve Bank stock (12,172) (19,021) 34,346 3,198 (20,381)
Net cash from acquisition 41,097 NA NA NA NA
Net cash paid for acquisition NA 0 0 (63,245) 0
Net cash used in investing activities 442,289 (493,561) (357,961) (289,667) (547,269)

Financing Activities

Net change in deposits (601,386) 153,131 857,155 196,060 312,990
Net change in short-term borrowings 20,437 469,916 (210,865) (140,617) 436,948
Proceeds from notes payable 150,078 296,993 403,136 664,045 675,086
Payments on notes payable (42,571) (217,630) (512,193) (643,921) (658,677)
Redemption of preferred stock (114,068) NA NA NA NA
Proceeds from issuance of common stock 0 4,139 0 0 NA
Payments to repurchase common stock (30,028) 0 (27,388) (58,990) (73,385)
Dividends paid on common stock 0 (5,801) (23,140) (26,698) (22,376)
Dividends paid on preferred stock (3,539) NA NA NA NA
Net cash received from (distributed to) noncontrolling interest (1,222) 790 (1,885) 17,411 (4,525)
Taxes paid on employee stock awards netting activity (75) (2,442) (3,264) (1,844) (1,934)
Other, net 718 (868) (674) (813) (363)
Net cash provided by (used in) financing activities (621,656) 698,228 480,882 4,633 663,764
Net change in cash, cash equivalents and restricted cash (143,630) 43,699 (197,797) 104,506 (368,036)
Cash, cash equivalents and restricted cash, beginning of period 813,075 828,058 871,757 673,960 778,466
Cash, cash equivalents and restricted cash, end of period 669,445 871,757 673,960 778,466 410,430

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

Cash and due from banks NA 669,357 486,977 644,073 326,129
Federal funds sold NA 21,407 405 400 423
Assets segregated for regulatory purposes 99,010 180,993 186,578 133,993 83,878
Total cash, cash equivalents and restricted cash NA 871,757 673,960 778,466 410,430

Supplemental Disclosures of Cash Flow Information

Cash paid for interest 59,700 58,429 84,309 143,201 125,928
Cash paid for income taxes, net of refunds 112,459 88,899 85,840 8,378 32,227

Supplemental Schedule of Non-Cash Activities

Derecognition of construction in progress related to build-to-suit lease obligations NA 0 0 27,802 0
Conversion of loans to other real estate owned 57,838 20,184 8,853 6,899 3,502
Common stock issued in acquisition 200,626 NA NA NA NA
Additions to mortgage servicing rights 24,974 23,381 16,401 25,028 8,574
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.