• NYSE: ASB
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  • 20.57
    Stock Quote ($)
    • Change ($) 0.07
    • Change (%) 0.34
    • Market Value ($M) 3,330.51
    • Volume 968,673
    As of 07/19/2019 Close Minimum 20 minute delay.

Cash Flow Statement

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 Flow From Operating Activities

Net income 188,301 200,274 229,264 333,562 86,686

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

Provision for credit losses 37,500 70,000 26,000 0 6,000
Depreciation and amortization 47,168 45,434 46,967 48,253 14,358
Addition to (recovery of) valuation allowance on mortgage servicing rights, net (425) (200) 175 (545) 121
Amortization of mortgage servicing rights 11,601 12,327 10,084 9,594 2,693
Amortization of other intangible assets 3,094 2,093 1,959 8,159 2,226
Amortization and accretion on earning assets, funding, and other, net 39,806 46,615 37,476 11,624 6,571
Net amortization of tax credit investments 3,100 5,272 19,834 19,425 5,637
Deferred income taxes (3,522) 10,656 21,402 46,947 NA
Losses (gains) on sales of investment securities, net (8,133) (9,316) (434) 1,985 (1,680)
Asset (gains) losses, net (2,540) 86 1,244 1,103 (567)
(Gain) loss on mortgage banking activities, net (20,258) (27,060) (3,516) (22,497) (3,174)
Mortgage loans originated and acquired for sale (1,228,106) (1,271,124) (715,357) (1,092,318) (162,521)
Proceeds from sales of mortgage loans held for sale 1,241,012 1,542,660 819,950 1,131,652 159,842
Pension contributions 0 0 (6,242) (41,877) NA

Changes in certain assets and liabilities

(Increase) decrease in interest receivable 395 (7,836) (9,476) (7,417) (12,068)
Increase (decrease) in interest payable 3,898 (4,642) 6,535 10,407 (1,516)
Increase (decrease) in expense payable NA NA NA NA (51,247)
Increase (decrease) in cash collateral NA 0 (5,578) 41,274 (41,422)
Net change in other assets and other liabilities (11,685) 26,144 (21,919) (2,763) (23,541)
Net cash provided by (used in) operating activities 301,206 641,383 458,368 496,567 (13,602)

Cash Flow From Investing Activities

Net increase in loans (1,136,793) (1,682,579) (861,934) (326,464) (216,817)

Purchases of

Available for sale securities (2,859,793) (1,304,921) (1,137,191) (737,580) (120,282)
Held to maturity securities (250,767) (195,442) (234,379) (682,622) (140,670)
Federal Home Loan Bank and Federal Reserve Bank stocks (35,647) (92,761) (262,986) (347,323) (88,245)
Premises, equipment, and software, net of disposals (54,636) (103,881) (47,369) (65,854) (13,368)

Proceeds from

Sales of available for sale securities 1,601,947 549,555 18,467 601,130 131,122
Sale of Federal Home Loan Bank and Federal Reserve Bank stocks 77,514 100,000 237,656 282,145 121,839
Prepayments, calls, and maturities of available for sale investment securities 1,099,625 997,701 713,486 633,859 135,541
Prepayments, calls, and maturities of held to maturity investment securities 17,013 75,796 210,753 217,836 43,953
Sales, prepayments, calls, and maturities of other assets 21,236 27,692 20,070 41,856 3,179
Net change in tax credit and alternative investments (14,649) (23,498) (53,770) (57,327) (18,772)
Net cash (paid) received in acquisition 1,132 (685) 339 59,472 0
Net cash used in investing activities (1,533,818) (1,653,023) (1,396,858) (380,872) (162,518)

Cash Flow From Financing Activities

Net increase (decrease) in deposits 2,244,161 880,783 897,514 270,481 635,664
Net increase (decrease) in short-term funding (233,872) 110,619 (217,753) (581,371) 2,043
Net increase (decrease) in short-term FHLB advances NA 147,000 (198,000) 616,000 (880,000)
Repayment of long-term FHLB advances NA (38) (115,020) (2,150,016) (169)
Proceeds from long-term FHLB advances NA 515,000 750,000 1,837,680 250,633
Repayment of long-term funding (1,500,035) (430,000) 0 0 NA
Proceeds from issuance of long-term funding 250,000 0 0 300,000 NA
Proceeds from issuance of preferred shares 62,966 97,066 0 97,315 NA
Proceeds from issuance of common stock for stock-based compensation plans 20,054 21,748 27,619 18,408 7,045
Redemption of preferred shares 0 (58,903) 0 0 NA
Common stock warrants exercised NA 0 0 (1) NA
Purchase of preferred shares (1,335) (1,248) 0 (537) 0
Purchase of common stock returned to authorized but unissued (93,000) (20,007) (37,031) (33,075) 0
Purchase of treasury stock (5,154) (5,074) (9,290) (213,598) (37,467)
Cash dividends on common stock (62,400) (67,855) (76,417) (105,519) (28,183)
Cash dividends on preferred stock (7,155) (8,903) (9,347) (10,784) (3,801)
Net cash provided by (used in) financing activities 674,230 1,180,188 1,012,275 44,983 (54,235)
Net increase (decrease) in cash, cash equivalents, and restricted cash (558,382) 168,548 73,785 160,678 (230,355)
Cash, cash equivalents, and restricted cash at beginning of period 1,032,067 473,685 642,233 716,018 876,698
Cash, cash equivalents, and restricted cash at end of period 473,685 642,233 716,018 876,698 646,343

Supplemental disclosures of cash flow information

Cash paid for interest 73,054 88,269 138,174 261,724 91,521
Cash paid for (received from) income and franchise taxes 84,407 75,558 81,450 18,335 (5,760)
Loans and bank premises transferred to other real estate owned 10,988 9,752 11,505 26,517 2,222
Capitalized mortgage servicing rights 12,372 12,262 7,167 10,722 1,247
Loans transferred into held for sale from portfolio, net 0 256,194 71,954 33,010 1,074
Unsettled trades to purchase securities NA NA NA NA 11,244

Acquisition

Fair value of assets acquired, including cash and cash equivalents 4,590 522 647 2,567,488 0
Fair value ascribed to goodwill and intangible assets 51,791 4,119 6,450 261,243 (79)
Fair value of liabilities assumed 12,851 1,423 54 2,340,323 0
Equity issued in (adjustments related to) acquisition 43,530 0 7,151 488,408 (79)
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.