As Reported Financial Statements

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

Cash Flows From Operating Activities

Net income 103,667 116,716 134,264 95,725 47,983

Adjustments to reconcile net income to cash provided by operating activities

Depreciation 12,366 14,101 16,558 22,183 5,833
Amortization of other intangible assets 9,120 11,746 12,486 11,841 3,609
Amortization of tax credit investments NA 0 0 11,733 716
Net premium amortization on investment securities 15,430 18,609 18,633 15,302 3,845
Amortization of and net gains on termination of FDIC indemnification asset 43,162 9,034 (458) 0 NA
Stock-based compensation expense 4,162 4,255 7,318 6,275 1,931
Excess tax (benefit) expense on stock-based compensation NA 0 0 79 536
Provision for loan losses 3,097 2,923 960 3,050 380
Net securities (gains) losses (9,830) (5,718) (5,848) (9,135) (788)
Impairment on available-for-sale securities 100 NA NA NA NA
Recognition of deferred gain on sale leaseback transactions (6,094) (16,444) (16,057) (2,080) (395)
Gain on sale of ONB Insurance Group, Inc. 0 0 (41,864) 0 NA
Net gain on branch divestitures 0 (15,627) 0 0 NA
Net (gains) losses on sales of loans and other assets (3,546) (5,232) (4,741) (6,421) 5,365
Increase in cash surrender value of company-owned life insurance (6,924) (8,604) (8,479) (8,654) (2,605)
Residential real estate loans originated for sale (148,946) (350,846) (637,639) (452,604) (92,377)
Proceeds from sales of residential real estate loans 147,566 362,157 578,653 535,271 93,686
(Increase) decrease in interest receivable (4,731) (7,523) (4,974) 151 5,481
(Increase) decrease in other real estate owned 7,049 4,538 11,301 10,794 2,075
(Increase) decrease in other assets 19,309 16,079 46,462 45,008 9,211
Increase (decrease) in accrued expenses and other liabilities 14,392 (26,408) (24,524) 12,141 (22,172)
Total adjustments 95,682 7,040 (52,213) 194,934 14,331
Net cash flows provided by (used in) operating activities 199,349 123,756 82,051 290,659 62,314

Cash Flows From Investing Activities

Cash portion of bank purchase price, net of cash acquired (3,050) (37,098) (62,532) 2,564 NA
Proceeds from sale of ONB Insurance Group, Inc. 0 0 91,771 0 NA
Payments related to branch divestitures 0 (333,095) 0 0 NA
Purchases of investment securities available-for-sale (568,993) (832,419) (1,625,746) (874,555) (113,525)
Purchases of investment securities held-to-maturity (103,299) (74,862) 0 0 NA
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (6,901) (21,872) (10,974) (17,979) (16,520)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 468,764 764,649 1,177,130 438,818 118,694
Proceeds from sales of investment securities available-for-sale 214,912 343,486 243,312 342,233 84,257
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 16,189 39,799 120,954 57,682 26,117
Proceeds from sales of investment securities held-to-maturity 0 855 0 0 NA
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 7,507 8,711 0 6,594 0
Proceeds from sales of trading securities NA 0 0 127 128
Reimbursements under FDIC loss share agreements 26,342 3,548 10,000 0 NA
Net principal collected from (loans made to) loan customers (196,287) (285,875) (427,686) (516,095) (120,941)
Proceeds from settlements on company-owned life insurance 371 1,224 4,095 2,347 1,797
Proceeds from sales of premises and equipment and other assets 2,755 7,714 6,332 18,592 2,578
Purchases of premises and equipment and other assets (20,473) (85,661) (224,659) (37,303) (9,593)
Net cash flows provided by (used in) investing activities (162,163) (500,896) (698,003) (576,975) (27,008)

Cash Flows From Financing Activities

Net increase (decrease) in

Deposits (304,510) 89,328 489,680 85,062 182,697
Federal funds purchased and interbank borrowings 69,665 95,903 (78,087) 76,430 (185,007)
Securities sold under agreements to repurchase (10,006) (31,205) (23,489) (5,207) (76,621)
Payments for maturities of Federal Home Loan Bank advances (211,101) (229,109) (594,541) (947,694) (772,928)
Payments for maturities of other borrowings (58) (63) (67) (20,056) (32)
Proceeds from Federal Home Loan Bank advances 350,000 575,000 925,000 1,205,000 825,000
Proceeds from issuance of other borrowings 175,000 NA NA NA NA
Cash dividends paid on common stock (48,181) (55,552) (67,536) (72,604) (19,782)
Common stock repurchased (25,830) (88,695) (2,044) (2,761) (1,115)
Proceeds from exercise of stock options 749 997 2,349 2,655 186
Common stock issued 326 391 388 404 105
Net cash flows provided by (used in) financing activities (3,946) 356,995 651,653 321,229 (47,497)
Net increase (decrease) in cash and cash equivalents 33,240 (20,145) 35,701 34,913 (12,191)
Cash and cash equivalents at beginning of period 206,723 239,963 219,818 255,519 290,432
Cash and cash equivalents at end of period 239,963 219,818 255,519 290,432 278,241

Supplemental cash flow information

Total interest paid NA NA NA NA 20,775
Total taxes paid (net of refunds) NA NA NA NA (183)
Securities transferred from held-to-maturity to available-for-sale NA NA NA NA 447,026
Securities transferred from available-for-sale to held-to-maturity NA NA NA NA 323,990
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.