As Reported Financials

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 59,582 68,014 90,930 92,188 33,826

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

Provision for loan losses 6,167 4,750 7,530 7,550 1,750
Depreciation, amortization and accretion 8,104 9,195 3,091 4,832 650
Deferred income tax expense 9,291 13,751 11,037 23,461 1,990
Revaluation of net deferred tax assets due to changes in tax law NA 0 0 14,486 NA
Funding of mortgage loans held for sale (547,402) (1,483,937) (1,951,144) (1,683,454) (362,803)
Proceeds from sales of mortgage loans held for sale 563,808 1,647,648 2,031,036 1,775,450 275,445
Gains on sales of mortgage loans held for sale (8,594) (25,292) (31,654) (19,675) (8,798)
Gains on sales of securities (375) (96) (1,186) (148) NA
Penalty on prepayment of debt 0 0 2,539 205 0
Losses on sales of premises and equipment (72) 105 115 565 8
Stock-based compensation expense 3,909 4,435 3,117 5,293 1,858
Decrease in FDIC loss share indemnification asset, net of accretion and amortization 14,399 4,409 2,891 0 NA
Loss on termination of FDIC loss share agreements 0 0 2,053 0 NA
Decrease in other assets 21,303 9,463 10,136 (6,620) 9,623
Decrease in other liabilities (5,437) 180 (16,694) (12,572) (14,720)
Net cash (used in) provided by operating activities 124,683 252,625 163,797 201,561 (61,171)

Investing activities

Purchases of securities available for sale (124,296) (72,114) (140,133) (210,190) (317,922)
Proceeds from sales of securities available for sale 1,099 8,444 4,028 495,340 0
Proceeds from call/maturities of securities available for sale 80,305 111,663 158,359 169,445 29,335
Purchases of securities held to maturity (155,868) (144,027) (15,267) 0 NA
Proceeds from sales of securities held to maturity NA 0 0 0 NA
Proceeds from call/maturities of securities held to maturity 136,013 145,449 119,405 15,882 0
Net increase in loans (120,787) (298,676) (504,640) (440,205) (74,344)
Purchases of premises and equipment (22,179) (25,165) (13,560) (13,047) (4,384)
Proceeds from sales of premises and equipment 2,911 2,219 2,462 2,101 0
Proceeds from sales of other assets 0 0 16,939 14,131 2,085
Payment made to FDIC to terminate loss share agreements 0 0 (4,849) 0 NA
Net cash received in acquisition 0 24,776 25,263 41,685 NA
Net cash used in investing activities (202,802) (247,431) (351,993) 75,142 (365,230)

Financing activities

Net increase in noninterest-bearing deposits 63,852 79,342 209,943 11,588 20,712
Net increase in interest-bearing deposits (67,346) (77,124) 279,146 (88,717) 416,759
Net decrease in short-term borrowings 30,120 375,220 (314,952) (19,862) (32,061)
Proceeds from long-term debt 0 40 98,385 0 NA
Repayment of long-term debt (13,557) (308,766) (47,230) (170,240) (230)
Cash paid for dividends (21,518) (24,557) (29,734) (34,416) (9,455)
Net stock-based compensation transactions 401 102 415 173 201
Excess tax benefits from exercise of stock options 1,102 537 2,771 0 NA
Proceeds from equity offering 0 0 84,105 0 NA
Net cash provided by financing activities (6,946) 44,794 282,849 (301,474) 395,926
Net (decrease) increase in cash and cash equivalents (85,065) 49,988 94,653 (24,771) (30,475)
Cash and cash equivalents at beginning of period 246,648 161,583 211,571 306,224 281,453
Cash and cash equivalents at end of period 161,583 211,571 306,224 281,453 250,978

Supplemental disclosures

Cash paid for interest 24,103 21,615 25,871 36,888 12,656
Cash paid for income taxes 17,503 18,610 22,731 32,556 6,280

Noncash transactions

Transfers of loans to other real estate owned 15,692 14,935 8,870 6,699 1,154
Financed sales of other real estate owned 860 1,134 2,070 773 418
Transfers of loans held for sale to loans held for investment 0 11,096 17,838 563 442
Common stock issued in acquisition of businesses 0 281,530 55,290 213,590 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.