Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]



	December 31,
(In thousands)	2015		2014
Assets
Cash	$	116,889	$	151,303
Available-for-sale securities, at fair value	12,243		10,725
Investment in and receivable from subsidiaries	2,600,716		2,205,487
Loans, net of unearned income	2,820		3,993
Less: Allowance for loan losses	—		972
Net Loans	$	2,820	$	3,021
Goodwill	8,371		8,371
Other assets	149,935		119,739
Total assets	$	2,890,974	$	2,498,646

Liabilities and Shareholders’ Equity
Other liabilities	$	44,349	$	20,509
Subordinated notes	140,000		140,000
Other borrowings	85,785		18,822
Junior subordinated debentures	268,566		249,493
Shareholders’ equity	2,352,274		2,069,822
Total liabilities and shareholders’ equity	$	2,890,974	$	2,498,646

Statements of Income



	Years Ended December 31,
(In thousands)	2015			2014			2013
Income
Dividends and other revenue from subsidiaries	$	47,639		$	98,296		$	114,241
(Losses) gains on available-for-sale securities, net	—			(33		)	111
Other income	796			221			4,529
Total income	$	48,435		$	98,484		$	118,881

Expenses
Interest expense	$	16,669		$	12,553		$	13,424
Salaries and employee benefits	38,926			30,636			17,831
Other expenses	50,425			38,428			24,739
Total expenses	$	106,020		$	81,617		$	55,994
(Loss) income before income taxes and equity in undistributed income of subsidiaries	$	(57,585	)	$	16,867		$	62,887
Income tax benefit	30,504			22,909			18,599
(Loss) income before equity in undistributed net income of subsidiaries	$	(27,081	)	$	39,776		$	81,486
Equity in undistributed net income of subsidiaries	183,830			111,622			55,724
Net income	$	156,749		$	151,398		$	137,210

Statements of Cash Flows



	Years Ended December 31,
(In thousands)	2015			2014			2013
Operating Activities:
Net income	$	156,749		$	151,398		$	137,210
Adjustments to reconcile net income to net cash (used for) provided by operating activities
Provision for credit losses	(96		)	945			1,765
Losses (gains) on available-for-sale securities, net	—			33			(111		)
Depreciation and amortization	8,182			7,756			3,744
Deferred income tax (benefit) expense	(1,872		)	2,753			1,217
Stock-based compensation expense	9,656			7,754			6,799
Excess tax benefits from stock-based compensation arrangements	(278		)	(139		)	(112		)
Increase in other assets	(45,287		)	(10,090		)	(3,882		)
Increase in other liabilities	21,840			7,114			(4,517		)
Equity in undistributed net income of subsidiaries	(183,830		)	(111,622		)	(55,724		)
Net Cash (Used for) Provided by Operating Activities	$	(34,936	)	$	55,902		$	86,389
Investing Activities:
Capital contributions to subsidiaries, net	$	(97,400	)	$	(105,244	)	$	(8,293	)
Net cash paid for acquisitions, net	(51,060		)	—			—
Other investing activity, net	(24,908		)	(3,907		)	(21,206		)
Net Cash Used for Investing Activities	$	(173,368	)	$	(109,151	)	$	(29,499	)
Financing Activities:
Increase (decrease) in notes payable and other borrowings, net	$	66,963		$	(517	)	$	(17,860	)
Proceeds from the issuance of subordinated notes, net	—			139,090			—
Repayment of subordinated note	—			—			(15,000		)
Excess tax benefits from stock-based compensation arrangements	278			139			112
Net proceeds from issuance of Series D preferred stock	120,842			—			—
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and conversion of common stock warrants	16,119			10,453			19,113
Dividends paid	(29,888		)	(24,933		)	(13,893		)
Common stock repurchases	(424		)	(549		)	(3,504		)
Net Cash Provided by (Used For) Financing Activities	$	173,890		$	123,683		$	(31,032	)
Net (Decrease) Increase in Cash and Cash Equivalents	$	(34,414	)	$	70,434		$	25,858
Cash and Cash Equivalents at Beginning of Year	151,303			80,869			55,011
Cash and Cash Equivalents at End of Year	$	116,889		$	151,303		$	80,869