Condensed Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Parent Company Information [Abstract]

Condensed Balance Sheets

	December 31,
(in thousands)	2018		2017
Assets:
Cash	$	153,939	$	71,328
Securities available for sale		—		58,521
Investment in bank subsidiaries		3,040,186		2,953,032
Investment in non-bank subsidiaries		26,274		22,670
Due from subsidiaries and other assets		6,868		14,010
	$	3,227,267	$	3,119,561
Liabilities and Stockholders' Equity:
Long term debt	$	145,396	$	234,135
Other liabilities		531		477
Stockholders' equity		3,081,340		2,884,949
	$	3,227,267	$	3,119,561

Condensed Statements of Income

	Years Ended December 31,
(in thousands)	2018		2017		2016
Operating Income
From subsidiaries
Cash dividends received from bank subsidiaries	$	200,000	$	90,000	$	120,000
Noncash dividend from bank subsidiaries		—		11,708		—
Equity in earnings of subsidiaries greater than
dividends received		137,914		124,531		39,293
Total operating income		337,914		226,239		159,293
Other expense, net		(18,728)		(16,931)		(16,614)
Income tax benefit		(4,584)		(6,324)		(6,617)
Net income	$	323,770	$	215,632	$	149,296
Other comprehensive income (loss), net of tax		(46,307)		11,460		(39,937)
Comprehensive income	$	277,463	$	227,092	$	109,359

Condensed Statements of Cash Flows

	Years Ended December 31,
(in thousands)	2018		2017		2016
Cash flows from operating activities - principally
dividends received from subsidiaries	$	216,270	$	111,591	$	122,528
Net cash provided by operating activities		216,270		111,591		122,528
Cash flows from investing activities
Contribution of capital to subsidiary		—		(270,000)		(21,000)
Proceeds from sale of securities available for sale		47,557		—		—
Proceeds from principal paydowns of securities available for sale		9,091		11,015		13,827
Net cash provided by (used in) investing activities		56,648		(258,985)		(7,173)
Cash flows from financing activities:
Repayment of long term debt		(89,200)		(17,900)		(17,900)
Dividends paid to stockholders		(88,838)		(83,266)		(77,012)
Repurchase of common stock		(8,267)		—		—
Proceeds from issuance of common stock		4,693		15,312		262,961
Payroll tax remitted on net share settlement of equity awards		(8,695)		(11,881)		(3,178)
Other, net		—		—		(133)
Net cash provided by (used in) financing activities		(190,307)		(97,735)		164,738
Net increase (decrease) in cash		82,611		(245,129)		280,093
Cash, beginning of year		71,328		316,457		36,364
Cash, end of year	$	153,939	$	71,328	$	316,457