• NYSE: ASB
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  • 22.72
    Stock Quote ($)
  • Change ($) (0.74)
  • Change (%) (3.15)
  • Market Value ($M) 3,743.10
  • Volume 1,235,580
  • As of 03/19/2019 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
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

Cash Flows from Operating Activities

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

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

Provision for credit losses 37,500 70,000 26,000 0
Depreciation and amortization 47,168 45,434 46,967 48,253
Addition to (recovery of) valuation allowance on mortgage servicing rights, net (425) (200) 175 (545)
Amortization of mortgage servicing rights 11,601 12,327 10,084 9,594
Amortization of other intangible assets 3,094 2,093 1,959 8,159
Amortization and accretion on earning assets, funding, and other, net 39,806 46,615 37,476 11,624
Net amortization of tax credit investments 3,100 5,272 19,834 19,425
Deferred income taxes (3,522) 10,656 21,402 46,947
Losses (gains) on sales of investment securities, net (8,133) (9,316) (434) 1,985
Asset (gains) losses, net (2,540) 86 1,244 1,103
(Gain) loss on mortgage banking activities, net (20,258) (27,060) (3,516) (22,497)
Mortgage loans originated and acquired for sale (1,228,106) (1,271,124) (715,357) (1,092,318)
Proceeds from sales of mortgage loans held for sale 1,241,012 1,542,660 819,950 1,131,652
Pension contributions 0 0 (6,242) (41,877)
(Increase) decrease in interest receivable 395 (7,836) (9,476) (7,417)
Increase (decrease) in interest payable 3,898 (4,642) 6,535 10,407
Increase (decrease) in cash collateral NA 0 (5,578) 41,274
Net change in other assets and other liabilities (11,685) 26,144 (21,919) (2,763)
Net cash provided by operating activities 301,206 641,383 458,368 496,567

Cash Flows from Investing Activities

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

Purchases of

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

Proceeds from

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

Cash Flows from Financing Activities

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

Supplemental disclosures of cash flow information

Cash paid for interest 73,054 88,269 138,174 261,724
Cash paid for income and franchise taxes 84,407 75,558 81,450 18,335
Loans and bank premises transferred to other real estate owned 10,988 9,752 11,505 26,517
Capitalized mortgage servicing rights 12,372 12,262 7,167 10,722
Loans transferred into held for sale from portfolio, net 0 256,194 71,954 33,010

Acquisition

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