• NYSE: ASB
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  • 23.25
    Stock Quote ($)
  • Change ($) (0.08)
  • Change (%) (0.34)
  • Market Value ($M) 3,889.58
  • Volume 1,137,541
  • As of 11/16/2018 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 Q3 YTD 9/30/2018 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 Q3 YTD 9/30/2018 USD

Cash Flow From Operating Activities

Net income 190,509 188,301 200,274 229,264 244,578

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

Provision for credit losses 16,000 37,500 70,000 26,000 (1,000)
Depreciation and amortization 50,281 47,168 45,434 46,967 36,273
Addition to (recovery of) valuation allowance on mortgage servicing rights, net 321 (425) (200) 175 (669)
Amortization of mortgage servicing rights 11,067 11,601 12,327 10,084 7,143
Amortization of other intangible assets 3,747 3,094 2,093 1,959 5,926
Amortization and accretion on earning assets, funding, and other, net 28,145 39,806 46,615 37,476 10,468
Net amortization of tax credit investments NA 3,100 5,272 19,834 14,388
Deferred income taxes 9,890 (3,522) 10,656 21,402 NA
Tax impact of stock based compensation (1,288) NA NA NA NA
Losses (gains) on sales of investment securities, net (494) (8,133) (9,316) (434) 1,985
Asset (gains) losses, net (10,830) (2,540) 86 1,244 (1,353)
(Gain) loss on mortgage banking activities, net (13,765) (20,258) (27,060) (3,516) (15,412)
Mortgage loans originated and acquired for sale (1,069,852) (1,228,106) (1,271,124) (715,357) (847,619)
Proceeds from sales of mortgage loans held for sale 1,010,167 1,241,012 1,542,660 819,950 826,929
Pension contributions (21,000) 0 0 (6,242) NA
Pension Contribution NA NA NA NA (41,877)
Changes in certain assets and liabilities
(Increase) decrease in interest receivable (1,264) 395 (7,836) (9,476) (14,791)
Increase (decrease) in interest payable 1,536 3,898 (4,642) 6,535 4,671
Increase (decrease) in cash collateral NA NA NA NA 21,932
Net change in other assets and other liabilities (3,661) (11,685) 26,144 (27,497) 51,171
Net cash provided by operating activities 199,509 301,206 641,383 458,368 302,743

Cash Flow From Investing Activities

Net increase in loans (1,736,571) (1,136,793) (1,682,579) (861,934) (322,589)

Purchases of

Available for sale securities (1,096,410) (2,859,793) (1,304,921) (1,137,191) (737,580)
Held to maturity securities (229,795) (250,767) (195,442) (234,379) (553,258)
Federal Home Loan Bank and Federal Reserve Bank stocks (7,857) (35,647) (92,761) (262,986) (267,432)
Premises, equipment, and software, net of disposals (50,396) (54,636) (103,881) (47,369) (42,941)
Other assets (4,496) NA NA NA NA

Proceeds from

Sales of available for sale securities 102,011 1,601,947 549,555 18,467 601,130
Sales of held to maturity securities NA NA NA NA 0
Sale of Federal Home Loan Bank and Federal Reserve Bank stocks 0 77,514 100,000 237,656 231,964
Prepayments, calls, and maturities of available for sale investment securities 862,037 1,099,625 997,701 713,486 487,858
Prepayments, calls, and maturities of held to maturity investment securities 6,420 17,013 75,796 210,753 168,125
Sales, prepayments, calls, and maturities of other assets 36,452 21,236 27,692 20,070 24,243
Net change in tax credit investments NA (14,649) (23,498) (53,770) (32,690)
Net cash (paid) received in acquisition 0 1,132 (685) 339 59,472
Net cash used in investing activities (2,118,605) (1,533,818) (1,653,023) (1,396,858) (383,698)

Cash Flow From Financing Activities

Net increase (decrease) in deposits 1,496,337 2,244,161 880,783 897,514 204,700
Net increase (decrease) in short-term funding 327,362 (233,872) 257,619 (415,753) (528,285)
Net increase (decrease) in short-term FHLB advances NA NA NA NA 121,000
Repayment of long-term FHLB advances (155,066) (1,500,035) (1,180,038) (115,020) (1,900,012)
Proceeds from long-term FHLB advances NA NA NA NA 1,841,776
Proceeds from issuance of long-term funding 996,030 250,000 1,265,000 750,000 300,000
Proceeds from issuance of preferred shares 0 62,966 97,066 0 97,315
Proceeds from issuance of common stock for stock-based compensation plans 13,228 20,054 21,748 27,619 17,393
Redemption of preferred shares 0 0 (58,903) 0 (646)
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) (33,075)
Purchase of treasury stock (3,712) (5,154) (5,074) (9,290) (124,380)
Cash dividends on common stock (58,710) (62,400) (67,855) (76,417) (77,431)
Cash dividends on preferred stock (5,002) (7,155) (8,903) (9,347) (7,077)
Net cash provided by (used in) financing activities 2,348,918 674,230 1,180,188 1,012,275 (88,722)
Net increase (decrease) in cash, cash equivalents, and restricted cash 429,822 (558,382) 168,548 73,785 (169,677)
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 1,032,067 473,685 642,233 716,018 546,341

Supplemental disclosures of cash flow information

Cash paid for interest 54,330 73,054 88,269 138,174 185,875
Cash paid for income taxes 72,431 84,407 75,558 81,450 17,335
Loans and bank premises transferred to other real estate owned 21,413 10,988 9,752 11,505 20,781
Capitalized mortgage servicing rights 8,253 12,372 12,262 7,167 7,826
Loans transferred into held for sale from portfolio, net 0 0 256,194 71,954 56,550

Acquisition

Fair value of assets acquired, including cash and cash equivalents 0 4,590 522 647 2,567,560
Fair value ascribed to goodwill and intangible assets 0 51,791 4,119 6,450 261,142
Fair value of liabilities assumed 0 12,851 1,423 54 2,340,294
Common stock issued in acquisition 0 43,530 0 7,151 NA
Equity issued in acquisition NA NA NA NA 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.