Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]



	December 31,
(In thousands)	2017		2016
Assets
Cash	$	78,045	$	49,828
Available-for-sale securities, at fair value	14,461		12,926
Investment in and receivable from subsidiaries	3,249,202		2,979,283
Loans, net of unearned income	1,845		2,313
Less: Allowance for loan losses	—		—
Net loans	$	1,845	$	2,313
Goodwill	8,371		8,371
Other assets	174,781		162,047
Total assets	$	3,526,705	$	3,214,768

Liabilities and Shareholders’ Equity
Other liabilities	$	66,909	$	56,462
Subordinated notes	139,088		138,971
Other borrowings	90,203		70,152
Junior subordinated debentures	253,566		253,566
Shareholders’ equity	2,976,939		2,695,617
Total liabilities and shareholders’ equity	$	3,526,705	$	3,214,768

Statements of Income



	Years Ended December 31,
(In thousands)	2017		2016			2015
Income
Dividends and other revenue from subsidiaries	$	155,969	$	89,184		$	47,639
Other income	2,488		4,344			796
Total income	$	158,457	$	93,528		$	48,435
Expenses
Interest expense	$	19,207	$	18,498		$	16,669
Salaries and employee benefits	50,683		34,299			38,926
Other expenses	74,618		62,778			50,425
Total expenses	$	144,508	$	115,575		$	106,020
Income (loss) before income taxes and equity in undistributed income of subsidiaries	$	13,949	$	(22,047	)	$	(57,585	)
Income tax benefit	47,139		31,061			30,504
Income (loss) before equity in undistributed net income of subsidiaries	$	61,088	$	9,014		$	(27,081	)
Equity in undistributed net income of subsidiaries	196,594		197,861			183,830
Net income	$	257,682	$	206,875		$	156,749

Statements of Cash Flows



	Years Ended December 31,
(In thousands)	2017			2016			2015
Operating Activities:
Net income	$	257,682		$	206,875		$	156,749
Adjustments to reconcile net income to net cash provided by (used for) operating activities
Provision for credit losses	—			—			(96		)
Gain on early extinguishment of debt	—			(4,305		)	—
Depreciation and amortization	10,783			10,400			8,323
Deferred income tax expense (benefit)	2,809			(601		)	(1,872		)
Stock-based compensation expense	5,185			3,762			3,354
(Decrease) increase in other assets	1,956			(319		)	(39,051		)
Increase in other liabilities	9,967			9,618			21,840
Equity in undistributed net income of subsidiaries	(196,594		)	(197,861		)	(183,830		)
Net Cash Provided by (Used for) Operating Activities	$	91,788		$	27,569		$	(34,583	)
Investing Activities:
Capital contributions to subsidiaries, net	$	(42,736	)	$	(118,575	)	$	(97,400	)
Net cash paid for acquisitions, net	—			(61,308		)	(51,060		)
Other investing activity, net	(28,132		)	(18,051		)	(24,908		)
Net Cash Used for Investing Activities	$	(70,868	)	$	(197,934	)	$	(173,368	)
Financing Activities:
Increase (decrease) in subordinated notes, other borrowings and junior subordinated debentures, net	$	20,008		$	(26,251	)	$	66,888
Proceeds from the issuance of common stock, net	—			152,911			—
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	28,229			15,828			16,119
Dividends paid	(40,543		)	(38,568		)	(29,888		)
Common stock repurchases for tax withholdings related to stock-based compensation	(397		)	(616		)	(424		)
Net Cash Provided by Financing Activities	$	7,297		$	103,304		$	173,537
Net Increase (Decrease) in Cash and Cash Equivalents	$	28,217		$	(67,061	)	$	(34,414	)
Cash and Cash Equivalents at Beginning of Year	49,828			116,889			151,303
Cash and Cash Equivalents at End of Year	$	78,045		$	49,828		$	116,889