As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Cash Flows From Operating Activities

Net income 100,920 103,667 116,716 134,264 114,218

Adjustments to reconcile net income to cash provided by operating activities

Depreciation 11,227 12,366 14,101 16,558 16,178
Amortization of other intangible assets 8,162 9,120 11,746 12,486 8,442
Net premium amortization on investment securities 16,573 15,430 18,609 18,633 11,263
Amortization of and net gains on termination of FDIC indemnification asset 9,288 43,162 9,034 (458) 0
Stock-based compensation expense 3,958 4,162 4,255 7,318 4,684
Excess tax (benefit) expense on stock-based compensation NA NA NA NA 126
Provision for loan losses (2,319) 3,097 2,923 960 2,013
Net securities (gains) losses (4,341) (9,830) (5,718) (5,848) (7,547)
Impairment on available-for-sale securities 1,000 100 0 0 NA
Recognition of deferred gain on sale leaseback transactions (6,476) (6,094) (16,444) (16,057) (1,612)
Gain on sale of ONB Insurance Group, Inc. NA 0 0 (41,864) 0
Net gain on branch divestitures (2,894) 0 (15,627) 0 NA
Net gains on sales of loans and other assets (3,331) (3,546) (5,232) (4,741) (5,082)
Loss on retirement of debt 993 NA NA NA NA
Increase in cash surrender value of company-owned life insurance (4,492) (6,924) (8,604) (8,479) (6,288)
Residential real estate loans originated for sale (143,387) (148,946) (350,846) (637,639) (336,238)
Proceeds from sale of residential real estate loans 152,225 147,566 362,157 578,653 403,128
(Increase) decrease in interest receivable (3,222) (4,731) (7,523) (4,974) 6,039
(Increase) decrease in other real estate owned 16,084 7,049 4,538 11,301 8,287
(Increase) decrease in other assets 3,720 19,309 16,079 46,462 8,498
Increase (decrease) in accrued expenses and other liabilities 11,723 14,392 (26,408) (24,524) (4,370)
Total adjustments 64,491 95,682 7,040 (52,213) 107,521
Net cash flows provided by (used in) operating activities 165,411 199,349 123,756 82,051 221,739

Cash Flows From Investing Activities

Cash portion of bank purchase price, net of cash acquired 530,000 (3,050) (37,098) (62,532) 0
Proceeds from sale of ONB Insurance Group, Inc. NA 0 0 91,771 0
Payments related to branch divestitures (168,268) 0 (333,095) 0 NA
Purchases of investment securities available-for-sale (1,229,570) (568,993) (832,419) (1,625,746) (566,089)
Purchases of investment securities held-to-maturity (31,841) (103,299) (74,862) 0 NA
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (4,204) (6,901) (21,872) (10,974) (15,647)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 632,614 468,764 764,649 1,177,130 337,766
Proceeds from sales of investment securities available-for-sale 231,806 214,912 343,486 243,312 284,315
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 25,208 16,189 39,799 120,954 53,586
Proceeds from sales of investment securities held-to-maturity 0 0 855 0 NA
Proceeds from redemption of Federal Home Loan Bank/Federal Reserve Bank stock 0 7,507 8,711 0 9
Proceeds from sale of loans and leases 114,527 NA NA NA NA
Proceeds from sales of trading securities NA NA NA NA 127
Reimbursements under FDIC loss share agreements 19,527 26,342 3,548 10,000 0
Net principal collected from (loans made to) loan customers (3,622) (196,287) (285,875) (427,686) (389,264)
Proceeds from settlements on company-owned life insurance NA 371 1,224 4,095 2,347
Proceeds from sale of premises and equipment and other assets 3,394 2,755 7,714 6,332 15,058
Purchases of premises and equipment and other assets (18,617) (20,473) (85,661) (224,659) (17,675)
Net cash flows provided by (used in) investing activities 100,954 (162,163) (500,896) (698,003) (295,467)

Cash Flows From Financing Activities

Net increase (decrease) in

Deposits (454,837) (304,510) 89,328 489,680 (136,469)
Short-term borrowings (127,483) NA NA NA NA
Federal funds purchased and interbank borrowings NA 69,665 95,903 (78,087) 104,018
Securities sold under agreements to repurchase NA (10,006) (31,205) (23,489) (81,643)
Payments for maturities of Federal Home Loan Bank advances NA (211,101) (229,109) (594,541) (893,363)
Payments for maturities of other borrowings (2,521) (58) (63) (67) (116)
Payments related to retirement of debt (50,993) NA NA NA NA
Proceeds from Federal Home Loan Bank advances NA 350,000 575,000 925,000 1,130,000
Proceeds from issuance of other borrowings 375,000 175,000 0 0 NA
Cash dividends paid on common stock (40,278) (48,181) (55,552) (67,536) (52,841)
Common stock repurchased (24,292) (25,830) (88,695) (2,044) (1,917)
Proceeds from exercise of stock options 1,412 749 997 2,349 2,604
Common stock issued 290 326 391 388 303
Net cash flows provided by (used in) financing activities (323,702) (3,946) 356,995 651,653 70,576
Net increase (decrease) in cash and cash equivalents (57,337) 33,240 (20,145) 35,701 (3,152)
Cash and cash equivalents at beginning of period 264,060 206,723 239,963 219,818 255,519
Cash and cash equivalents at end of period 206,723 239,963 219,818 255,519 252,367

Supplemental cash flow information

Total interest paid NA NA NA NA 43,205
Total taxes paid (net of refunds) NA NA NA NA 2,958
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.