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 2019 Q2 YTD 6/30/2019 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 2019 Q2 YTD 6/30/2019 USD

Operating activities

Net income 75,063 88,526 96,787 172,595 98,542

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

Provision for loan and lease losses 9,641 10,140 3,582 14,586 20,741
Depreciation and amortization 13,266 13,037 12,645 24,171 13,031
Stock-based compensation expense 4,049 5,354 5,446 6,219 4,762
Pension expense (income) (1,042) (1,153) (628) 859 520
Net amortization (accretion) on investment securities 7,899 8,476 10,798 10,846 5,612
Net (gain) loss on sales of investment securities (1,505) (234) (1,649) 161 215
Originations of loans held for sale (246,845) (232,526) (157,796) (157,771) (138,994)
Net gains from sales of loans held for sale (6,471) (6,804) (5,169) (6,071) (5,322)
Proceeds from sales of loans held for sale 242,029 246,829 163,300 167,374 128,445
Deferred income taxes 4,192 346 (4,488) 6,267 13,415
Amortization of operating leases NA NA NA NA 3,648
Payments for operating leases NA NA NA NA (3,759)
Decrease (increase) cash surrender value of life insurance (5,379) (186) (3,792) (5,454) (2,074)
Decrease (increase) in interest receivable (995) (1,456) (5,707) (3,808) (2,834)
Decrease in indemnification asset 5,036 5,613 10,117 1,900 NA
(Decrease) increase in interest payable 2,296 46 55 5,207 604
Decrease (increase) in other assets (33,370) (1,108) (21,455) 34,360 (114,345)
(Decrease) increase in other liabilities 23,703 7,700 21,478 (10,043) 37,540
Net cash provided by (used in) operating activities 91,567 142,600 123,524 261,398 59,747

Investing activities

Proceeds from sales of securities available-for-sale 70,219 206,990 189,962 290,745 115,640
Proceeds from calls, paydowns and maturities of securities available-for-sale 120,953 186,132 224,690 387,351 247,652
Purchases of securities available-for-sale (547,901) (396,984) (723,131) (852,131) (412,052)
Proceeds from sales of securities held-to-maturity 0 4,862 0 0 NA
Proceeds from calls, paydowns and maturities of securities held-to-maturity 140,059 127,021 121,903 36,671 6,457
Purchases of securities held-to-maturity (3,520) (11,196) (23,402) (14,014) 0
Purchases of other investment securities NA (4,239) (2,353) (31,385) (11,620)
Net decrease (increase) in interest-bearing deposits with other banks (11,104) (48,716) 48,476 (3,764) (63,930)
Net decrease (increase) in loans and leases (390,312) (376,848) (266,043) (28,577) (173,882)
Proceeds from disposal of other real estate owned 15,817 9,356 6,983 3,797 654
Purchases of premises and equipment (7,467) (9,726) (6,537) (18,228) (7,805)
Net cash acquired from business combinations (305,591) 0 0 64,895 0
Net cash paid for branch divestitures NA 0 0 (41,197) 0
Net cash provided by (used in) investing activities (918,847) (313,348) (429,452) (205,837) (298,886)

Financing activities

Net (decrease) increase in total deposits 523,882 346,164 369,258 (18,690) (31,272)
Net (decrease) increase in short-term borrowings 277,033 (130,513) 6,653 30,531 272,630
Payments on long-term debt (46,238) (86) (94) (52,460) (25,376)
Proceeds from issuance of long-term debt 120,000 NA NA NA NA
Proceeds from FHLB borrowings NA 0 0 150,000 0
Cash dividends paid on common stock (39,070) (39,125) (41,178) (79,655) (43,460)
Purchases of treasury stock (4,498) NA NA NA NA
Proceeds from exercise of stock options 744 801 341 284 90
Excess tax benefit on share-based compensation 146 264 0 0 NA
Net cash provided by (used in) financing activities 831,999 177,505 334,980 30,010 172,612

Cash and due from banks

Change in cash and due from banks 4,719 6,757 29,052 85,571 (66,527)
Cash and due from banks at beginning of period 110,122 114,841 121,598 150,650 236,221
Cash and due from banks at end of period 114,841 121,598 150,650 236,221 169,694

Supplemental disclosures

Interest paid 20,961 33,233 49,474 84,125 NA
Income taxes paid 31,193 37,566 38,329 16,004 NA
Acquisition of other real estate owned through foreclosure 8,398 2,872 4,119 1,821 NA
Issuance of restricted stock awards 7,760 5,759 6,416 8,797 NA
Securities transferred from AFS to HTM NA 0 0 372,128 NA
Common stock issued in bank acquisitions NA 0 0 1,043,424 NA

Supplemental schedule for investing activities

Business combinations

Assets acquired, net of purchase consideration NA 0 0 3,342,781 519
Liabilities assumed NA 0 0 4,018,948 (5)
Goodwill NA 0 0 676,167 (524)
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