Cadence Bancorporation(NYSE:CADE) 
Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association that provides banking and wealth management services to businesses, high net worth individuals, business owners, and retail customers. It operates through Banking and Financial Services se...
Website: http://www.cadencebank.com
Founded: 1876
Full Time Employees: 1,800
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income | ||||||||||||||
interest and fees on loans | 131,278,000 | 139,824,000 | 155,298,000 | 154,851,000 | 162,854,000 | 175,134,000 | 458,697,000 | 121,057,000 | 113,740,000 | 102,791,000 | 97,908,000 | 90,161,000 | 90,429,000 | 80,810,000 |
interest and dividends on securities: | ||||||||||||||
taxable | 13,551,000 | 11,821,000 | 12,597,000 | 13,164,000 | 12,207,000 | 14,015,000 | 25,566,000 | 6,248,000 | 5,518,000 | 5,118,000 | 5,000,000 | 4,610,000 | 4,178,000 | 4,301,000 |
tax-exempt | 2,088,000 | 2,035,000 | 1,917,000 | 1,699,000 | 1,539,000 | 1,427,000 | -1,496,000 | 1,734,000 | 2,802,000 | 3,266,000 | 3,281,000 | 3,280,000 | 3,385,000 | 3,414,000 |
other interest income | 1,112,000 | 1,021,000 | 927,000 | 783,000 | 575,000 | 2,178,000 | 8,500,000 | 2,714,000 | 1,903,000 | 1,918,000 | 2,181,000 | 1,452,000 | 1,383,000 | 1,094,000 |
total interest income | 148,029,000 | 154,701,000 | 170,739,000 | 170,497,000 | 177,175,000 | 192,754,000 | 491,267,000 | 131,753,000 | 123,963,000 | 113,093,000 | 108,370,000 | 99,503,000 | 99,375,000 | 89,619,000 |
interest expense | ||||||||||||||
interest on time deposits | 3,007,000 | 4,277,000 | 5,711,000 | 7,741,000 | 10,451,000 | 12,744,000 | 41,250,000 | 10,312,000 | 10,497,000 | 7,491,000 | 7,129,000 | 5,665,000 | 5,298,000 | |
interest on other deposits | 3,036,000 | 3,704,000 | 4,271,000 | 4,822,000 | 7,690,000 | 21,984,000 | 80,360,000 | 17,196,000 | 11,833,000 | 9,139,000 | 7,956,000 | 7,413,000 | 6,473,000 | 7,364,000 |
interest on borrowed funds | 3,445,000 | 3,972,000 | 4,016,000 | 3,892,000 | 4,320,000 | 4,558,000 | 3,079,000 | 6,145,000 | 6,249,000 | 5,352,000 | 5,374,000 | 5,262,000 | 5,220,000 | 5,096,000 |
total interest expense | 9,488,000 | 11,953,000 | 13,998,000 | 16,455,000 | 22,461,000 | 39,286,000 | 124,689,000 | 33,653,000 | 28,579,000 | 21,982,000 | 20,459,000 | 18,340,000 | 16,991,000 | 14,861,000 |
net interest income | 138,541,000 | 142,748,000 | 156,741,000 | 154,042,000 | 154,714,000 | 153,468,000 | 366,578,000 | 98,100,000 | 95,384,000 | 91,111,000 | 87,911,000 | 81,163,000 | 82,384,000 | 74,758,000 |
provision (release) for credit losses | -51,876,000 | -48,262,000 | ||||||||||||
net interest income after provision (release) for credit losses | 190,417,000 | 191,010,000 | ||||||||||||
noninterest income | ||||||||||||||
investment advisory revenue | 8,222,000 | 7,609,000 | 7,457,000 | 6,797,000 | 6,505,000 | 5,605,000 | 8,713,000 | 5,535,000 | 5,343,000 | 5,299,000 | 5,257,000 | 5,283,000 | 5,061,000 | 4,916,000 |
trust services revenue | 4,888,000 | 5,509,000 | 4,885,000 | 4,556,000 | 4,092,000 | 4,815,000 | 4,488,000 | 4,449,000 | 4,114,000 | 5,015,000 | 4,836,000 | 4,613,000 | 4,584,000 | 5,231,000 |
credit related fees | 5,477,000 | 3,849,000 | 4,766,000 | 4,202,000 | 4,401,000 | 5,983,000 | 10,332,000 | 3,549,000 | 3,807,000 | 3,577,000 | 3,372,000 | 3,306,000 | 2,741,000 | 2,747,000 |
service charges on deposit accounts | 7,228,000 | 6,404,000 | 6,028,000 | 5,847,000 | 4,852,000 | 6,416,000 | 8,927,000 | 3,813,000 | 3,803,000 | 3,960,000 | 3,753,000 | 3,920,000 | 3,784,000 | 3,815,000 |
mortgage banking income | 1,587,000 | 2,115,000 | 493,500 | 747,000 | 650,000 | 577,000 | 687,000 | 965,000 | 1,213,000 | 866,000 | ||||
bankcard fees | 1,919,000 | 1,753,000 | 1,775,000 | 1,745,000 | 1,716,000 | 1,958,000 | ||||||||
payroll processing revenue | 1,258,000 | 1,490,000 | 1,310,000 | 1,255,000 | 1,143,000 | 1,367,000 | ||||||||
sba income | 5,810,000 | 3,967,000 | 2,889,000 | 3,037,000 | 1,335,000 | 1,908,000 | ||||||||
other service fees | 1,963,000 | 2,209,000 | 1,751,000 | 1,450,000 | 1,528,000 | 1,912,000 | 3,414,000 | 1,319,000 | 1,346,000 | 1,333,000 | 1,197,000 | 1,174,000 | 1,071,000 | 972,000 |
securities gains | 11,000 | 2,259,000 | 1,353,000 | 79,000 | 2,286,000 | 2,994,000 | 3,817,000 | 2,000 | 12,000 | 16,000 | 1,000 | -244,000 | 81,000 | |
other income | 8,111,000 | 6,532,000 | -1,444,000 | 3,623,000 | 2,092,000 | 2,111,000 | -1,290,000 | 4,562,000 | 7,422,000 | 5,210,000 | 6,538,000 | 7,862,000 | 4,779,000 | 5,477,000 |
total noninterest income | 46,474,000 | 43,696,000 | 209,745,000 | 32,591,000 | 29,950,000 | 35,069,000 | 57,294,000 | 23,976,000 | 24,672,000 | 24,983,000 | 25,656,000 | 27,124,000 | 22,989,000 | 24,105,000 |
noninterest expense | ||||||||||||||
salaries and employee benefits | 58,619,000 | 57,070,000 | 59,833,000 | 51,734,000 | 47,158,000 | 48,807,000 | 102,442,000 | 35,811,000 | 38,268,000 | 37,353,000 | 35,162,000 | 35,007,000 | 34,682,000 | 34,267,000 |
premises and equipment | 10,709,000 | 10,374,000 | 11,035,000 | 10,716,000 | 10,634,000 | 10,808,000 | 22,354,000 | 7,561,000 | 7,131,000 | 7,591,000 | 7,629,000 | 7,419,000 | 7,180,000 | 6,693,000 |
merger related expenses | 6,267,000 | 2,105,000 | 1,282,000 | |||||||||||
goodwill impairment | 443,695,000 | |||||||||||||
intangible asset amortization | 4,836,000 | 4,986,000 | 5,165,000 | 5,299,000 | 5,472,000 | 5,592,000 | 21,705,000 | 650,000 | 715,000 | 792,000 | 1,085,000 | 1,136,000 | 1,190,000 | 1,241,000 |
other expense | 25,635,000 | 25,392,000 | ||||||||||||
total noninterest expense | 106,066,000 | 97,822,000 | 105,331,000 | 94,859,000 | 88,620,000 | 537,653,000 | 223,165,000 | 61,231,000 | 62,435,000 | 61,939,000 | 66,371,000 | 56,530,000 | 56,134,000 | 54,321,000 |
income before income taxes | 130,825,000 | 136,884,000 | 258,320,000 | 58,801,000 | -62,767,000 | -432,545,000 | 93,958,000 | 62,210,000 | 56,358,000 | 49,775,000 | 51,671,000 | 50,034,000 | 42,538,000 | 38,756,000 |
income tax expense | 29,516,000 | 30,459,000 | 25,935,000 | 15,074,000 | 8,384,000 | 10,950,000 | 36,980,000 | 17,457,000 | 13,570,000 | 12,639,000 | ||||
net income | 101,309,000 | 106,425,000 | 200,583,000 | 49,315,000 | -56,114,000 | -399,311,000 | 68,023,000 | 47,136,000 | 47,974,000 | 38,825,000 | 14,691,000 | 32,577,000 | 28,968,000 | 26,117,000 |
yoy | -280.54% | -126.65% | 194.88% | 4.62% | -216.97% | -1128.49% | 363.02% | 44.69% | 65.61% | 48.66% | ||||
qoq | -4.81% | -46.94% | 306.74% | -187.88% | -85.95% | -687.02% | 44.31% | -1.75% | 23.56% | 164.28% | -54.90% | 12.46% | 10.92% | |
weighted-average common shares outstanding | 124,732,617,000 | 125,079,250,000 | 126,120,534,000 | 125,956,714,000 | 125,924,652,000 | 126,630,446,000 | 128,913,962,000 | 83,625,000,000 | 83,625,000,000 | 83,625,000,000 | 81,072,945,000 | 83,625,000,000 | 81,918,956,000 | 75,000,000,000 |
earnings per common share | 810 | 850 | 1,590 | 390 | -450 | -3,150 | -40 | 560 | 570 | 460 | 170 | 390 | 350 | 350 |
benefit from credit losses | 2,835,000 | 32,973,000 | 158,811,000 | 83,429,000 | 106,749,000 | -1,365,000 | 1,263,000 | 4,380,000 | -4,475,000 | 1,723,000 | 6,701,000 | 5,786,000 | ||
net interest income after benefit from credit losses | 153,906,000 | 121,069,000 | -4,097,000 | 70,039,000 | 259,829,000 | 99,465,000 | 94,121,000 | 86,731,000 | 92,386,000 | 79,440,000 | 75,683,000 | 68,972,000 | ||
income tax benefit | -7,600,250 | 9,486,000 | ||||||||||||
income tax (benefit) expense | -6,653,000 | -33,234,000 | ||||||||||||
securities losses | -1,813,000 | |||||||||||||
interest on time deposits of 100,000 or greater | 2,401,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||
cash and due from banks | 233,534,000 | 205,425,000 | 283,261,000 | 174,549,000 | 185,919,000 | 212,658,000 | 252,447,000 | 125,220,000 | 145,381,000 | 130,704,000 | 238,707,000 | 68,248,000 | 62,304,000 | 56,406,000 |
interest-bearing deposits with banks | 1,861,886,000 | 1,680,087,000 | 1,768,847,000 | 1,067,258,000 | 1,696,051,000 | 391,362,000 | 725,343,000 | 273,404,000 | 437,828,000 | 281,297,000 | 482,568,000 | 515,556,000 | 220,962,000 | 257,304,000 |
federal funds sold | 4,679,000 | 3,006,000 | 1,838,000 | 5,365,000 | 17,399,000 | 5,331,000 | 10,974,000 | 249,000 | 19,962,000 | 4,695,000 | 9,536,000 | 5,578,000 | 5,609,000 | 2,452,000 |
total cash and cash equivalents | 2,100,099,000 | 1,888,518,000 | 2,053,946,000 | 1,247,172,000 | 1,899,369,000 | 609,351,000 | 988,764,000 | 398,873,000 | 603,171,000 | 416,696,000 | 730,811,000 | 589,382,000 | 288,875,000 | 316,162,000 |
investment securities available-for-sale, amortized cost of 4,245,206 and allowance for credit losses of zero at june 30, 2021 and amortized cost of 3,249,067 and allowance for credit losses of zero at december 31, 2020 | 4,277,448,000 | |||||||||||||
frb and fhlb stock | 69,886,000 | 69,858,000 | 76,552,000 | 77,153,000 | 77,358,000 | 77,326,000 | 76,752,000 | |||||||
loans held for sale | 35,209,000 | 46,696,000 | 47,018,000 | 54,100,000 | 38,631,000 | 38,221,000 | 87,649,000 | 46,787,000 | 33,118,000 | 37,446,000 | 61,359,000 | 21,835,000 | 49,757,000 | 43,381,000 |
loans, net of unearned income | 11,634,502,000 | 12,365,334,000 | 12,719,129,000 | 13,465,556,000 | 13,699,097,000 | 13,392,191,000 | ||||||||
less: allowance for credit losses | -247,732,000 | -308,037,000 | -367,160,000 | -385,412,000 | -370,901,000 | -245,246,000 | -119,643,000 | -86,151,000 | -90,620,000 | -91,537,000 | -87,576,000 | -94,765,000 | -93,215,000 | -88,304,000 |
net loans | 11,386,770,000 | 12,057,297,000 | 12,351,969,000 | 13,080,144,000 | 13,328,196,000 | 13,146,945,000 | 12,864,012,000 | 9,357,668,000 | 8,885,135,000 | 8,555,450,000 | 8,165,851,000 | 7,934,173,000 | 7,623,406,000 | 7,473,168,000 |
premises and equipment | 124,643,000 | 124,303,000 | 123,630,000 | 125,297,000 | 126,620,000 | 126,642,000 | 127,867,000 | 61,436,000 | 62,445,000 | 62,092,000 | 63,432,000 | 64,425,000 | 65,252,000 | 65,794,000 |
cash surrender value of life insurance | 187,182,000 | 187,195,000 | 187,626,000 | 186,397,000 | 185,218,000 | 184,552,000 | 183,400,000 | 109,167,000 | 108,462,000 | 108,393,000 | 108,148,000 | 107,393,000 | 106,678,000 | 105,960,000 |
net deferred tax asset | 49,867,000 | 72,071,000 | 63,699,000 | 71,337,000 | 65,915,000 | 40,303,000 | 45,570,000 | 42,557,000 | 41,342,000 | 30,774,000 | 61,395,000 | 77,111,000 | 82,041,000 | |
goodwill | 43,061,000 | 43,061,000 | 43,061,000 | 43,061,000 | 43,061,000 | 43,061,000 | 485,336,000 | 307,083,000 | 307,083,000 | 317,817,000 | 317,817,000 | 317,817,000 | 317,817,000 | 317,817,000 |
other intangible assets | 73,959,000 | 78,795,000 | 83,780,000 | 88,944,000 | 94,257,000 | 99,721,000 | 105,613,000 | 7,915,000 | 8,565,000 | 9,430,000 | 10,223,000 | 11,307,000 | 12,444,000 | 13,633,000 |
other assets | 344,499,000 | 313,890,000 | 349,118,000 | 341,891,000 | 337,695,000 | 410,152,000 | 512,244,000 | 100,787,000 | 97,345,000 | 93,765,000 | 91,866,000 | 80,965,000 | 77,460,000 | 69,479,000 |
total assets | 18,692,623,000 | 18,800,350,000 | 18,712,567,000 | 18,404,195,000 | 18,857,753,000 | 17,237,918,000 | 17,800,229,000 | 11,759,837,000 | 11,305,528,000 | 10,999,382,000 | 10,948,926,000 | 10,502,261,000 | 9,811,557,000 | 9,720,937,000 |
liabilities and shareholders' equity | ||||||||||||||
liabilities: | ||||||||||||||
noninterest-bearing deposits | 5,670,234,000 | 5,556,217,000 | 5,033,748,000 | 5,033,338,000 | 5,220,109,000 | 3,959,721,000 | 3,833,704,000 | 2,094,856,000 | 2,137,407,000 | 2,040,977,000 | 2,242,765,000 | 2,071,594,000 | 1,857,809,000 | 1,871,514,000 |
interest-bearing deposits | 10,313,574,000 | 10,572,982,000 | 11,018,497,000 | 10,752,883,000 | 10,849,173,000 | 10,529,784,000 | 10,909,090,000 | 7,463,420,000 | 7,193,648,000 | 7,007,994,000 | 6,768,750,000 | 6,429,508,000 | 6,072,574,000 | 5,970,196,000 |
total deposits | 15,983,808,000 | 16,129,199,000 | 16,052,245,000 | 15,786,221,000 | 16,069,282,000 | 14,489,505,000 | 14,742,794,000 | 9,558,276,000 | 9,331,055,000 | 9,048,971,000 | 9,011,515,000 | 8,501,102,000 | 7,930,383,000 | 7,841,710,000 |
federal home loan bank advances | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 340,000,000 | 150,000,000 | 150,000,000 | 150,000,000 | 250,000,000 | 175,000,000 | 360,000,000 |
senior debt | 49,994,000 | 49,986,000 | 49,978,000 | 49,969,000 | 49,955,000 | 49,938,000 | 184,778,000 | 184,756,000 | 184,700,000 | 184,629,000 | 184,557,000 | 184,485,000 | 184,380,000 | |
subordinated debt | 143,659,000 | 143,575,000 | 183,344,000 | 183,243,000 | 183,142,000 | 183,032,000 | 182,712,000 | 98,856,000 | 98,802,000 | 98,746,000 | 98,687,000 | 98,627,000 | 98,568,000 | 98,506,000 |
junior subordinated debentures | 37,752,000 | 37,694,000 | 37,637,000 | 37,542,000 | 37,448,000 | 37,351,000 | 37,445,000 | 36,833,000 | 36,712,000 | 36,591,000 | 36,472,000 | 36,353,000 | 36,233,000 | 36,111,000 |
notes payable | 1,277,000 | 1,721,000 | 1,702,000 | 1,683,000 | 1,663,000 | 2,102,000 | 2,078,000 | |||||||
other liabilities | 223,389,000 | 245,631,000 | 166,551,000 | 174,056,000 | 370,769,000 | 262,430,000 | 199,434,000 | 124,077,000 | 113,064,000 | 121,973,000 | 107,541,000 | 87,628,000 | 77,854,000 | 90,683,000 |
total liabilities | 16,489,885,000 | 16,707,814,000 | 16,591,465,000 | 16,332,723,000 | 16,812,273,000 | 15,124,375,000 | 15,339,383,000 | 10,345,011,000 | 9,915,572,000 | 9,642,279,000 | 9,589,870,000 | 9,161,413,000 | 8,507,503,000 | 8,614,961,000 |
shareholders' equity: | ||||||||||||||
common stock, 0.01 par value... | 1,336,000 | 1,335,000 | 1,332,000 | |||||||||||
additional paid-in capital | 1,886,209,000 | 1,881,957,000 | 1,880,930,000 | 1,877,627,000 | 1,875,651,000 | 1,874,126,000 | 1,873,063,000 | 1,040,038,000 | 1,038,579,000 | 1,037,493,000 | 1,037,040,000 | 1,036,585,000 | 1,036,198,000 | 880,154,000 |
treasury stock | -160,884,000 | -160,884,000 | -130,889,000 | -130,890,000 | -130,725,000 | -130,725,000 | -100,752,000 | |||||||
retained earnings | 429,044,000 | 346,929,000 | 259,643,000 | 68,700,000 | 25,763,000 | 88,138,000 | 572,503,000 | 441,611,000 | 407,072,000 | 369,585,000 | 340,213,000 | 320,276,000 | 287,699,000 | 258,731,000 |
accumulated other comprehensive income | 47,033,000 | 23,199,000 | 110,086,000 | 254,703,000 | 273,460,000 | 280,673,000 | 114,702,000 | |||||||
total shareholders' equity | 2,202,738,000 | 2,092,536,000 | 2,121,102,000 | 2,071,472,000 | 2,045,480,000 | 2,113,543,000 | 2,460,846,000 | 1,414,826,000 | 1,389,956,000 | 1,357,103,000 | 1,359,056,000 | 1,340,848,000 | 1,304,054,000 | 1,105,976,000 |
total liabilities and shareholders' equity | 18,692,623,000 | 18,800,350,000 | 18,712,567,000 | 18,404,195,000 | 18,857,753,000 | 17,237,918,000 | 17,800,229,000 | 11,759,837,000 | 11,305,528,000 | 10,999,382,000 | 10,948,926,000 | 10,502,261,000 | 9,811,557,000 | 9,720,937,000 |
investment securities available-for-sale, amortized cost of 3,925,547 and allowance for credit losses of zero at march 31, 2021 and amortized cost of 3,249,067 and allowance for credit losses of zero at december 31, 2020 | 3,918,666,000 | |||||||||||||
investment securities available-for-sale, amortized cost of 3,249,067 and allowance for credit losses of zero at december 31, 2020 | 3,332,168,000 | |||||||||||||
net deferred tax liability | 24,982,000 | |||||||||||||
investment securities available-for-sale, amortized cost of 3,006,688 and allowance for credit losses of zero at september 30, 2020 | 3,088,699,000 | |||||||||||||
common stock 0.01 par value... | 1,332,000 | 1,331,000 | 1,331,000 | 1,330,000 | 836,000 | 836,000 | 836,000 | 836,000 | 836,000 | 836,000 | 750,000 | |||
investment securities available-for-sale, amortized cost of 2,574,282 and allowance for credit losses of zero at june 30, 2020 | 2,661,433,000 | |||||||||||||
investment securities available-for-sale, amortized cost of 2,375,637 and allowance for credit losses of zero at march 31, 2020 | 2,461,644,000 | |||||||||||||
investment securities available-for-sale | 2,368,592,000 | |||||||||||||
loans | 12,983,655,000 | 9,443,819,000 | 8,975,755,000 | 8,646,987,000 | 8,253,427,000 | 8,028,938,000 | 7,716,621,000 | 7,561,472,000 | ||||||
short-term borrowings | ||||||||||||||
securities available-for-sale | 1,200,464,000 | 1,043,857,000 | 1,246,005,000 | 1,262,948,000 | 1,198,032,000 | 1,079,935,000 | 1,116,280,000 | |||||||
securities held-to-maturity | 290,000 | 425,000 | 425,000 | 425,000 | ||||||||||
equity securities with readily determinable fair values not held for trading | 5,923,000 | 5,853,000 | 5,829,000 | |||||||||||
other securities - frb and fhlb stock | 58,783,000 | 50,675,000 | 50,662,000 | 50,009,000 | 54,246,000 | 49,551,000 | 57,398,000 | |||||||
interest receivable | 56,026,000 | 52,465,000 | 47,813,000 | 47,793,000 | 42,030,000 | 42,128,000 | 38,327,000 | |||||||
other real estate owned | 3,355,000 | 4,797,000 | 6,642,000 | 7,605,000 | 18,836,000 | 20,718,000 | 21,072,000 | |||||||
securities sold under agreements to repurchase | 2,191,000 | 1,183,000 | 1,298,000 | 1,026,000 | 3,146,000 | 4,980,000 | 3,571,000 | |||||||
accumulated other comprehensive loss | -67,659,000 | -56,531,000 | -50,811,000 | -19,033,000 | -16,849,000 | -20,679,000 | -33,659,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | 40,035,000 | 78,014,000 | -9,953,000 | 55,219,000 | 409,335,000 | |||||||||
cash flows from investing activities | ||||||||||||||
purchase of securities available-for-sale | -589,065,000 | -970,633,000 | -702,378,000 | -837,810,000 | -264,922,000 | -240,734,000 | -867,632,000 | -206,687,000 | -19,812,000 | -111,422,000 | -91,447,000 | -161,976,000 | -15,276,000 | -101,087,000 |
proceeds from sales of securities available-for-sale | 5,316,000 | 118,697,000 | 62,850,000 | 45,697,000 | 142,721,000 | 37,884,000 | 129,485,000 | 7,000,000 | 192,695,000 | 64,536,000 | 9,145,000 | 23,208,000 | 44,352,000 | 84,696,000 |
proceeds from maturities, calls and paydowns of securities available-for-sale | 240,327,000 | 255,332,000 | 392,798,000 | 222,495,000 | 114,548,000 | 113,400,000 | 271,979,000 | 29,714,000 | 23,777,000 | 26,982,000 | 24,591,000 | 25,819,000 | 23,379,000 | 22,939,000 |
sales (purchases) of other securities | ||||||||||||||
proceeds from sales of loans transferred to held for sale | ||||||||||||||
decrease (increase) in loans | 666,585,000 | 355,420,000 | ||||||||||||
purchase of premises and equipment | -6,117,000 | -5,335,000 | -4,504,000 | -5,185,000 | -2,578,000 | -2,742,000 | -6,002,000 | -2,188,000 | -2,423,000 | -2,347,000 | -694,000 | -28,000 | -4,769,000 | -937,000 |
proceeds from disposition of foreclosed property | 1,600,000 | 10,000 | 224,000 | 976,000 | 905,000 | 1,182,000 | -493,000 | 1,867,000 | 2,462,000 | 2,529,000 | 10,499,000 | 2,188,000 | 3,238,000 | 1,295,000 |
other | -11,938,000 | 15,012,000 | 14,221,000 | -956,000 | -7,356,000 | -1,871,000 | 11,953,000 | -8,735,000 | -499,000 | -460,000 | 26,489,000 | -7,568,000 | 1,680,000 | -16,542,000 |
net cash from investing activities | 385,753,000 | -231,497,000 | 491,139,000 | -352,719,000 | -338,682,000 | -483,347,000 | 1,451,504,000 | -650,713,000 | -121,213,000 | -414,178,000 | -261,721,000 | -441,592,000 | -77,069,000 | -170,721,000 |
cash flows from financing activities | ||||||||||||||
increase in deposits | -145,391,000 | 76,954,000 | 266,024,000 | -283,061,000 | -612,609,000 | 227,221,000 | 282,084,000 | 37,456,000 | 510,413,000 | 570,719,000 | 88,675,000 | -175,029,000 | ||
repayment of senior debt | ||||||||||||||
repayment of subordinated debt | 0 | -40,000,000 | ||||||||||||
repurchase of common stock | 0 | -29,995,000 | 0 | -165,000 | 0 | -29,973,000 | ||||||||
cash dividends paid on common stock | -18,816,000 | -18,904,000 | -9,450,000 | -6,299,000 | -6,296,000 | -22,139,000 | -56,608,000 | -12,564,000 | -10,470,000 | -10,453,000 | ||||
net cash from financing activities | -214,207,000 | -11,945,000 | 256,576,000 | -289,525,000 | 1,573,481,000 | -305,401,000 | -1,066,486,000 | 405,665,000 | 271,499,000 | 27,275,000 | 408,293,000 | 643,804,000 | 60,746,000 | 175,448,000 |
net increase in cash and cash equivalents | 806,774,000 | -652,197,000 | 541,422,000 | -204,298,000 | 186,475,000 | -314,115,000 | 141,429,000 | 300,507,000 | -27,287,000 | 67,237,000 | ||||
cash and cash equivalents at beginning of period | 0 | 2,053,946,000 | 0 | 0 | 0 | 988,764,000 | 48,469,000 | 0 | 0 | 730,811,000 | 0 | 0 | 0 | 248,925,000 |
cash and cash equivalents at end of period | 211,581,000 | 1,888,518,000 | 806,774,000 | -652,197,000 | 1,290,018,000 | 609,351,000 | 589,891,000 | -204,298,000 | 186,475,000 | 416,696,000 | 141,429,000 | 300,507,000 | -27,287,000 | 316,162,000 |
supplemental disclosures | ||||||||||||||
cash paid during the period for: | ||||||||||||||
interest | 13,170,000 | 10,418,000 | 15,085,000 | 26,582,000 | 39,487,000 | |||||||||
income taxes paid | 78,409,000 | |||||||||||||
cash paid for amounts included in lease liabilities | 2,778,000 | 2,798,000 | 2,804,000 | 2,795,000 | 2,767,000 | |||||||||
non-cash investing activities | ||||||||||||||
acquisition of real estate and other assets in settlement of loans | 833,000 | 10,000 | 8,009,000 | 1,503,000 | 11,162,000 | |||||||||
transfers of loans held for sale to loans | 2,163,000 | 175,000 | 974,000 | 0 | 10,500,000 | |||||||||
transfers of loans to loans held for sale | 72,380,000 | 3,208,000 | ||||||||||||
securities (purchased) sold, net, with settlement after quarter end | 16,734,000 | -33,526,000 | ||||||||||||
right-of-use assets obtained in exchange for operating lease liabilities | ||||||||||||||
purchases of other securities | 205,000 | -32,000 | -574,000 | |||||||||||
net decrease in cash and cash equivalents | -165,428,000 | -379,413,000 | ||||||||||||
income taxes paid (refunded) | 2,000 | |||||||||||||
right-of-use assets obtained (remeasured) in exchange for operating lease liabilities | 4,145,000 | |||||||||||||
net income | ||||||||||||||
adjustments to reconcile net income to net cash from operations: | ||||||||||||||
net, depreciation and amortization | ||||||||||||||
goodwill impairment charge | ||||||||||||||
termination (purchase) of interest rate collar | ||||||||||||||
hedge revenue | ||||||||||||||
deferred income tax (benefit) expense | ||||||||||||||
benefit from credit losses | ||||||||||||||
(gain) loss on sale of securities | ||||||||||||||
gain on sale of insurance subsidiary assets | ||||||||||||||
gain on sale of loans | ||||||||||||||
proceeds from paydowns and sales of loans held for sale | ||||||||||||||
origination of loans held for sale | ||||||||||||||
increase in interest receivable | ||||||||||||||
increase in other assets | ||||||||||||||
increase in other liabilities | ||||||||||||||
net cash from operating activities | ||||||||||||||
capital expenditures | ||||||||||||||
free cash flows | ||||||||||||||
cash received in acquisitions | ||||||||||||||
proceeds from sale of insurance subsidiary assets | ||||||||||||||
net change in short-term borrowings | ||||||||||||||
issuance of subordinated debentures | ||||||||||||||
proceeds from long term fhlb advances | ||||||||||||||
proceeds from sales of loans held for sale | 1,714,000 | 152,000 | 46,866,000 | |||||||||||
increase in loans | 220,145,000 | -322,120,000 | -436,758,000 | -485,215,000 | -331,452,000 | -397,496,000 | -233,435,000 | -323,235,000 | -119,748,000 | -171,010,000 | ||||
net change in securities sold under agreements to repurchase | -26,170,000 | 1,008,000 | -115,000 | 272,000 | -2,120,000 | -1,834,000 | 1,409,000 | 77,000 | ||||||
net change in short term fhlb advances | ||||||||||||||
right-of-use assets (remeasured) obtained in exchange for operating lease liabilities | 11,000 | 504,000 | -125,000 | |||||||||||
advances on line of credit | ||||||||||||||
securities purchased, net, with settlement after quarter end | ||||||||||||||
decrease in deposits | -253,289,000 | |||||||||||||
income taxes (refunded) paid | -234,000 | |||||||||||||
securities sold, net, with settlement after quarter end | 57,157,000 | |||||||||||||
depreciation and amortization/accretion | ||||||||||||||
deferred income tax expense | ||||||||||||||
benefit from loan losses | ||||||||||||||
purchase of interest rate collar | ||||||||||||||
decrease (increase) in interest receivable | ||||||||||||||
repayment or purchase of senior debt | ||||||||||||||
proceeds from issuance of common stock | 0 | -81,000 | ||||||||||||
net cash flows from operating activities | 40,750,000 | 36,189,000 | 72,788,000 | 98,295,000 | -10,964,000 | 62,510,000 | ||||||||
proceeds from sale of commercial loans held for sale | 13,531,000 | 0 | 3,500,000 | 9,925,000 | ||||||||||
proceeds from sale of insurance subsidiary | 0 | |||||||||||||
advances from fhlb | ||||||||||||||
depreciation and amortization | ||||||||||||||
deferred income taxes | ||||||||||||||
gain on sale of securities | ||||||||||||||
loss on foreclosed property | ||||||||||||||
proceeds from sale of loans held for sale | ||||||||||||||
decrease (increase) in other assets | ||||||||||||||
increase in interest payable | ||||||||||||||
net cash paid in branch sales | ||||||||||||||
net change in short-term fhlb advances | -100,000,000 | 75,000,000 | -185,000,000 | 360,000,000 | ||||||||||
purchase of senior debt | 0 | 0 | 0 | -9,600,000 | ||||||||||
issuance of subordinated debt, net of debt issuance costs | ||||||||||||||
issuance of senior debt, net of debt issuance costs |