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 Q1 YTD 3/31/2019 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 Q1 YTD 3/31/2019 USD

Cash Flows From Operating Activities

Net income 116,716 134,264 95,725 190,830 56,276

Adjustments to reconcile net income to cash provided by operating activities

Depreciation 14,101 16,558 22,183 23,773 6,443
Amortization of other intangible assets 11,746 12,486 11,841 14,442 4,472
Amortization of tax credit investments 0 0 11,733 22,949 260
Net premium amortization on investment securities 18,609 18,633 15,302 14,384 3,154
Amortization of and net gains on termination of FDIC indemnification asset 9,034 NA NA NA NA
Accretion income related to acquired loans NA (57,244) (40,576) (40,598) (8,668)
Share-based compensation expense 4,255 7,318 6,275 8,118 1,800
Excess tax (benefit) expense on share-based compensation 0 0 79 401 (1,013)
Provision for loan losses 2,923 960 3,050 6,966 1,043
Net debt securities (gains) losses (5,718) (5,848) (9,135) (2,060) 103
Recognition of deferred gain on sale leaseback transactions (16,444) (16,057) (2,080) (1,577) NA
Gain on sale of ONB Insurance Group, Inc. 0 (41,864) 0 0 NA
Net gain on branch divestitures (15,627) 0 0 (13,989) NA
Net (gains) losses on sales of loans and other assets (5,232) (4,741) (6,421) (2,290) (1,564)
Increase in cash surrender value of company-owned life insurance (8,604) (8,479) (8,654) (10,584) (3,188)
Residential real estate loans originated for sale (350,846) (637,639) (452,604) (501,999) (94,632)
Proceeds from sales of residential real estate loans 362,157 578,653 535,271 514,891 97,010
(Increase) decrease in interest receivable (7,523) (4,974) 151 2,038 3,184
(Increase) decrease in other real estate owned 4,538 11,301 10,794 6,532 (47)
(Increase) decrease in other assets 16,079 46,004 45,008 2,046 13,665
Increase (decrease) in accrued expenses and other liabilities (26,408) (24,524) 12,141 134 (34,376)
Total adjustments 7,040 (109,457) 154,358 43,577 (12,354)
Net cash flows provided by (used in) operating activities 123,756 24,807 250,083 234,407 43,922

Cash Flows From Investing Activities

Cash portion of bank purchase price, net of cash acquired (37,098) (62,532) 2,564 60,759 NA
Payments related to branch divestitures (333,095) 0 0 (210,659) NA
Proceeds from sale of ONB Insurance Group, Inc. 0 91,771 0 0 NA
Purchases of investment securities available-for-sale (832,419) (1,625,746) (874,555) (663,338) (541,589)
Purchases of investment securities held-to-maturity (74,862) NA NA NA NA
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (21,872) (10,974) (17,979) (23,066) (14,439)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 764,649 1,177,130 438,818 419,270 145,356
Proceeds from sales of investment securities available-for-sale 343,486 243,312 342,233 139,364 8,681
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 39,799 120,954 57,682 55,520 21,689
Proceeds from sales of investment securities held-to-maturity 855 NA NA NA NA
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 8,711 0 6,594 2,409 19
Proceeds from sales of equity securities 0 0 127 128 130
Proceeds from sale of student loan portfolio NA 0 0 70,674 NA
Reimbursements under FDIC loss share agreements 3,548 10,000 0 0 NA
Net principal collected from (loans made to) loan customers (285,875) (370,442) (475,519) (102,928) 182,638
Proceeds from settlements on company-owned life insurance 1,224 4,095 2,347 6,501 2,861
Proceeds from sales of premises and equipment and other assets 7,714 6,332 18,592 7,341 84
Purchases of premises and equipment and other assets (85,661) (224,659) (37,303) (33,391) (11,684)
Net cash flows provided by (used in) investing activities (500,896) (640,759) (536,399) (271,416) (206,254)

Cash Flows From Financing Activities

Net increase (decrease) in

Deposits 89,328 489,680 85,062 261,551 79,321
Federal funds purchased and interbank borrowings 95,903 (78,087) 76,430 (64,898) 54,895
Securities sold under agreements to repurchase (31,205) (23,489) (5,207) (41,997) (19,814)
Other borrowings NA (67) (20,056) (1,505) 3,650
Payments for maturities of Federal Home Loan Bank advances (229,109) (594,541) (947,694) (1,001,888) (325,070)
Payments for maturities/redemptions of other borrowings (63) NA NA NA NA
Proceeds from Federal Home Loan Bank advances 575,000 925,000 1,205,000 995,000 425,000
Cash dividends paid on common stock (55,552) (67,536) (72,604) (82,161) (22,812)
Common stock repurchased (88,695) (2,044) (2,761) (1,805) (27,297)
Proceeds from exercise of stock options 997 2,349 2,655 948 280
Common stock issued 391 388 404 497 130
Net cash flows provided by (used in) financing activities 356,995 651,653 321,229 63,742 168,283
Net increase (decrease) in cash and cash equivalents (20,145) 35,701 34,913 26,733 5,951
Cash and cash equivalents at beginning of period 239,963 219,818 255,519 290,432 317,165
Cash and cash equivalents at end of period 219,818 255,519 290,432 317,165 323,116

Supplemental cash flow information

Total interest paid NA NA NA NA 33,779
Total taxes paid (net of refunds) NA NA NA NA 150
Securities transferred from held-to-maturity to available-for-sale NA NA NA NA 0
Securities transferred from available-for-sale to held-to-maturity NA NA NA NA 0
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.