Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]



	December 31,
(In thousands)	2014		2013
Assets
Cash	$	151,303	$	80,869
Available-for-sale securities, at fair value	10,725		12,839
Investment in and receivable from subsidiaries	2,205,487		1,971,018
Loans, net of unearned income	3,993		3,768
Less: Allowance for loan losses	972		81
Net Loans	3,021		3,687
Goodwill	8,371		8,371
Other assets	119,739		113,930
Total assets	$	2,498,646	$	2,190,714

Liabilities and Shareholders’ Equity
Other liabilities	$	20,509	$	21,292
Notes payable	—		—
Subordinated notes	140,000		—
Other borrowings	18,822		19,340
Junior subordinated debentures	249,493		249,493
Shareholders’ equity	2,069,822		1,900,589
Total liabilities and shareholders’ equity	$	2,498,646	$	2,190,714

Statements of Income



	Years Ended December 31,
(In thousands)	2014			2013		2012
Income
Dividends and other revenue from subsidiaries	$	98,296		$	114,241	$	47,295
(Losses) gains on available-for-sale securities, net	(33		)	111		64
Other income	221			4,529		605
Total income	98,484			118,881		47,964

Expenses
Interest expense	12,553			13,424		16,840
Salaries and employee benefits	30,636			17,831		20,042
Other expenses	38,428			24,739		27,428
Total expenses	81,617			55,994		64,310
Income (loss) before income taxes and equity in undistributed loss of subsidiaries	16,867			62,887		(16,346		)
Income tax benefit	22,909			18,599		23,127
Income before equity in undistributed net income of subsidiaries	39,776			81,486		6,781
Equity in undistributed net income of subsidiaries	111,622			55,724		104,415
Net income	$	151,398		$	137,210	$	111,196

Statements of Cash Flows



	Years Ended December 31,
(In thousands)	2014			2013			2012
Operating Activities:
Net income	$	151,398		$	137,210		$	111,196
Adjustments to reconcile net income to net cash provided by (used for) operating activities
Provision for credit losses	945			1,765			8,050
Losses (gains) on available-for-sale securities, net	33			(111		)	(64		)
Depreciation and amortization	7,756			3,744			3,072
Deferred income tax expense	2,753			1,217			2,224
Stock-based compensation expense	7,754			6,799			9,072
Tax (expense) benefit from stock-based compensation arrangements	(594		)	(831		)	1,392
Excess tax benefits from stock-based compensation arrangements	(139		)	(112		)	(483		)
Increase in other assets	(9,496		)	(3,051		)	(53,892		)
Increase (decrease) in other liabilities	7,114			(4,517		)	(1,619		)
Equity in undistributed net income of subsidiaries	(111,622		)	(55,724		)	(104,415		)
Net Cash Provided by (Used for) Operating Activities	55,902			86,389			(25,467		)
Investing Activities:
Capital contributions to subsidiaries, net	(105,244		)	(8,293		)	(53,807		)
Other investing activity, net	(3,907		)	(21,206		)	(12,284		)
Net Cash Used for Investing Activities	(109,151		)	(29,499		)	(66,091		)
Financing Activities:
Decrease in notes payable and other borrowings, net	(517		)	(17,860		)	(44,887		)
Proceeds from the issuance of subordinated notes, net	139,090			—			—
Repayment of subordinated note	—			(15,000		)	(20,000		)
Excess tax benefits from stock-based compensation arrangements	139			112			483
Net proceeds from issuance of Series C preferred stock	—			—			122,690
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and conversion of common stock warrants	10,453			19,113			14,891
Dividends paid	(24,933		)	(13,893		)	(13,157		)
Common stock repurchases	(549		)	(3,504		)	(7,726		)
Net Cash Provided by (Used For) Financing Activities	123,683			(31,032		)	52,294
Net Increase (Decrease) in Cash and Cash Equivalents	70,434			25,858			(39,264		)
Cash and Cash Equivalents at Beginning of Year	80,869			55,011			94,275
Cash and Cash Equivalents at End of Year	$	151,303		$	80,869		$	55,011