• NYSE: ASB
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  • 27.90
    Stock Quote ($)
  • Change ($) (0.15)
  • Change (%) (0.53)
  • Market Value ($M) 4,758.07
  • Volume 2,810,568
  • As of 07/20/2018 Close Minimum 20 minute delay.

Cash Flow Statement

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 Flow From Operating Activities

Net income 190,509 188,301 200,274 229,264 69,456

Adjustments to reconcile net income to net cash provided by operating activities

Provision for credit losses 16,000 37,500 70,000 26,000 0
Depreciation and amortization 50,281 47,168 45,434 46,967 12,208
Addition to (recovery of) valuation allowance on mortgage servicing rights, net 321 (425) (200) 175 (474)
Amortization of mortgage servicing rights 11,067 11,601 12,327 10,084 2,324
Amortization of other intangible assets 3,747 3,094 2,093 1,959 1,525
Amortization and accretion on earning assets, funding, and other, net 28,145 39,806 46,615 37,476 2,188
Tax impact of stock based compensation (1,288) NA NA NA NA
Net amortization of tax credit investments NA 3,100 5,272 19,834 4,881
Deferred income taxes 9,890 (3,522) 10,656 21,402 NA
Gain on sales of investment securities, net (494) (8,133) (9,316) (434) NA
Asset (gains) losses, net (10,830) (2,540) 86 1,244 107
(Gain) loss on mortgage banking activities, net (13,765) (20,258) (27,060) (3,516) 624
Mortgage loans originated and acquired for sale (1,069,852) (1,228,106) (1,271,124) (715,357) (197,603)
Proceeds from sales of mortgage loans held for sale 1,010,167 1,241,012 1,542,660 819,950 187,624
Pension contributions (21,000) 0 0 (6,242) NA
(Increase) decrease in interest receivable (1,264) 395 (7,836) (9,476) (12,859)
Increase (decrease) in interest payable 1,536 3,898 (4,642) 6,535 1,206
Net change in other assets and other liabilities (3,661) (11,685) 26,144 (27,497) (28,114)
Net cash provided by operating activities 199,509 301,206 641,383 458,368 43,093

Cash Flow From Investing Activities

Net increase in loans (1,736,571) (1,136,793) (1,682,579) (861,934) (160,921)

Purchases of

Available for sale securities (1,096,410) (2,859,793) (1,304,921) (1,137,191) (646,444)
Held to maturity securities (229,795) (250,767) (195,442) (234,379) (208,517)
Federal Home Loan Bank and Federal Reserve Bank stocks (7,857) (35,647) (92,761) (262,986) (144,515)
Premises, equipment, and software, net of disposals (50,396) (54,636) (103,881) (47,369) (9,892)
Other assets (4,496) NA NA NA NA

Proceeds from

Sales of available for sale securities 102,011 1,601,947 549,555 18,467 452,866
Sale of Federal Home Loan Bank and Federal Reserve Bank stocks 0 77,514 100,000 237,656 96,656
Prepayments, calls, and maturities of available for sale investment securities 862,037 1,099,625 997,701 713,486 158,724
Prepayments, calls, and maturities of held to maturity investment securities 6,420 17,013 75,796 210,753 58,160
Sales, prepayments, calls, and maturities of other assets 36,452 21,236 27,692 20,070 1,182
Net change in tax credit investments NA (14,649) (23,498) (53,770) (7,240)
Net cash (paid) received in acquisition 0 1,132 (685) 339 59,605
Net cash used in investing activities (2,118,605) (1,533,818) (1,653,023) (1,396,858) (350,336)

Cash Flow From Financing Activities

Net increase (decrease) in deposits 1,496,337 2,244,161 880,783 897,514 (801,310)
Net increase (decrease) in short-term funding 327,362 (233,872) 257,619 (415,753) 1,124,869
Repayment of long-term funding (155,066) (1,500,035) (1,180,038) (115,020) (250,000)
Proceeds from issuance of long-term funding 996,030 250,000 1,265,000 750,000 NA
Proceeds from issuance of common stock for stock-based compensation plans 13,228 20,054 21,748 27,619 10,691
Proceeds from issuance of preferred stock 0 62,966 97,066 0 NA
Redemption of preferred shares 0 0 (58,903) 0 (78)
Purchase of preferred stock (2,451) (1,335) (1,248) 0 NA
Purchase of common stock returned to authorized but unissued (150,498) (93,000) (20,007) (37,031) (26,480)
Purchase of treasury stock (108,600) NA NA NA NA
Purchase of treasury stock for tax withholding (3,712) (5,154) (5,074) (9,290) (5,240)
Cash dividends on common stock (58,710) (62,400) (67,855) (76,417) (25,710)
Cash dividends on preferred stock (5,002) (7,155) (8,903) (9,347) (2,339)
Net cash provided by financing activities 2,348,918 674,230 1,180,188 1,012,275 24,403
Net increase (decrease) in cash, cash equivalents, and restricted cash 429,822 (558,382) 168,548 73,785 (282,840)
Cash, cash equivalents, and restricted cash at beginning of period 602,245 1,032,067 473,685 642,233 716,018
Cash, cash equivalents, and restricted cash at end of period 1,032,067 473,685 642,233 716,018 433,178

Supplemental disclosures of cash flow information

Cash paid for interest 54,330 73,054 88,269 138,174 50,286
Cash paid for income taxes 72,431 84,407 75,558 81,450 926
Loans and bank premises transferred to other real estate owned 21,413 10,988 9,752 11,505 2,129
Capitalized mortgage servicing rights 8,253 12,372 12,262 7,167 9,873
Loans transferred into held for sale from portfolio, net 0 0 256,194 71,954 3,012
Unsettled trades to purchase securities NA NA NA NA 12,095

Acquisition

Fair value of assets acquired, including cash and cash equivalents 0 4,590 522 647 2,567,123
Fair value ascribed to goodwill and intangible assets 0 51,791 4,119 6,450 242,576
Fair value of liabilities assumed 0 12,851 1,423 54 2,809,565
Common stock issued in acquisition 0 43,530 0 7,151 134
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.