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Condensed Financial Information (Parent Company Only) (Tables)
12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheet
(In thousands)
 
2019
 
2018
ASSETS
 
 

 
 

Cash and cash equivalents
 
$
104,068

 
$
219,063

Investment securities
 
743

 
2,848

Investments in wholly-owned subsidiaries
 
3,269,224

 
2,368,870

Loans
 
657

 
774

Intangible assets, net
 
133

 
133

Premises and equipment
 
27,351

 
5,804

Other assets
 
31,738

 
29,974

TOTAL ASSETS
 
$
3,433,914

 
$
2,627,466

 
 
 
 
 
LIABILITIES
 
 
 
 
Long-term debt
 
$
413,760

 
$
353,950

Other liabilities
 
31,230

 
27,082

Total liabilities
 
444,990

 
381,032

 
 
 
 
 
STOCKHOLDERS’ EQUITY
 
 
 
 
Preferred stock
 
767

 

Common stock
 
1,136

 
923

Surplus
 
2,117,282

 
1,597,944

Undivided profits
 
848,848

 
674,941

Accumulated other comprehensive gain (loss):
 
 
 
 
Unrealized appreciation (depreciation) on available-for-sale securities, net of income taxes of $7,392 and ($9,686) at December 31, 2019 and 2018 respectively
 
20,891

 
(27,374
)
Total stockholders’ equity
 
2,988,924

 
2,246,434

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
 
$
3,433,914

 
$
2,627,466


Condensed Income Statement
(In thousands)
 
2019
 
2018
 
2017
INCOME
 
 

 
 

 
 

Dividends from subsidiaries
 
$
67,893

 
$
145,980

 
$
69,107

Other income
 
13,658

 
658

 
4,111

Income
 
81,551

 
146,638

 
73,218

EXPENSE
 
40,594

 
32,714

 
32,234

Income before income taxes and equity in undistributed net income of subsidiaries
 
40,957

 
113,924

 
40,984

Provision for income taxes
 
(5,680
)
 
(10,732
)
 
(12,311
)
 
 
 
 
 
 
 
Income before equity in undistributed net income of subsidiaries
 
46,637

 
124,656

 
53,295

Equity in undistributed net income of subsidiaries
 
191,530

 
91,057

 
39,645

 
 
 
 
 
 
 
NET INCOME
 
238,167

 
215,713

 
92,940

Preferred stock dividends
 
339

 

 

 
 
 
 
 
 
 
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS
 
$
237,828

 
$
215,713

 
$
92,940


Condensed Statement of Comprehensive Income
(In thousands)
 
2019
 
2018
 
2017
NET INCOME
 
$
238,167

 
$
215,713

 
$
92,940

 
 
 
 
 
 
 
OTHER COMPREHENSIVE INCOME (LOSS)
 
 
 
 
 
 
Equity in other comprehensive income (loss) of subsidiaries
 
48,265

 
(10,110
)
 
964

 
 
 
 
 
 
 
COMPREHENSIVE INCOME
 
$
286,432

 
$
205,603

 
$
93,904


Condensed Cash Flow Statement
(In thousands)
 
2019
 
2018
 
2017
CASH FLOWS FROM OPERATING ACTIVITIES
 
 

 
 

 
 

 
 
 
 
 
 
 
Net income
 
$
238,167

 
$
215,713

 
$
92,940

Items not requiring (providing) cash
 
 
 
 
 
 
Stock-based compensation expense
 
12,921

 
9,725

 
10,681

Depreciation and amortization
 
1,637

 
880

 
1,183

Deferred income taxes
 
(3,632
)
 
26

 
1,190

Equity in undistributed net income of bank subsidiaries
 
(191,530
)
 
(91,057
)
 
(39,645
)
 
 
 
 
 
 
 
Changes in:
 
 
 
 
 
 
Other assets
 
3,299

 
1,524

 
8,585

Other liabilities
 
(2,648
)
 
17,340

 
(6,769
)
Net cash provided by operating activities
 
58,214

 
154,151

 
68,165

 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
 
Net originations of loans
 
117

 
219

 
90

Net (purchases of) proceeds from premises and equipment
 
(23,184
)
 
3,342

 
(18
)
Repayment of (advances to) subsidiaries
 

 
2,667

 
(15,000
)
Proceeds from maturities of available-for-sale securities
 
2,544

 
152

 
42

Purchases of available-for-sale securities
 
(439
)
 
(211
)
 
(2,752
)
Cash paid in business combinations
 
(36,811
)
 

 
(100,468
)
Other, net
 
29

 
(1,903
)
 

Net cash (used in) provided by investing activities
 
(57,744
)
 
4,266

 
(118,106
)
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from issuance of subordinated notes
 

 
326,355

 

Issuance (repayment) of long-term debt, net
 
2,000

 
(231,352
)
 
8,014

(Cancellation) issuance of common stock, net
 
(1,077
)
 
2,188

 
2,878

Stock repurchases
 
(10,128
)
 

 

Dividends paid on preferred stock
 
(339
)
 

 

Dividends paid on common stock
 
(63,921
)
 
(55,646
)
 
(35,116
)
Preferred stock retirement
 
(42,000
)
 

 

Net cash (used in) provided by financing activities
 
(115,465
)
 
41,545

 
(24,224
)
 
 
 
 
 
 
 
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
 
(114,995
)
 
199,962

 
(74,165
)
 
 
 
 
 
 
 
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
 
219,063

 
19,101

 
93,266

 
 
 
 
 
 
 
CASH AND CASH EQUIVALENTS, END OF YEAR
 
$
104,068

 
$
219,063

 
$
19,101