Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Balance Sheet

Condensed Balance Sheets

December 31,

(in thousands)	2017		2016
ASSETS
Non-interest bearing deposits with subsidiary bank	$	124,915	$	92,540
Investments in:
Bank subsidiary	4,299,940		4,204,591
Nonbank subsidiaries	33,368		43,488
Other assets	382		3,914
Total assets	$	4,458,605	$	4,344,533
LIABILITIES AND SHAREHOLDERS' EQUITY
Payable to bank subsidiary	$	115	$	75
Other liabilities	65,940		64,523
Junior subordinated debentures, at fair value	277,155		262,209
Junior subordinated debentures, at amortized cost	100,609		100,931
Total liabilities	443,819		427,738
Shareholders' equity	4,014,786		3,916,795
Total liabilities and shareholders' equity	$	4,458,605	$	4,344,533

Schedule Of Condensed Statements Of Operations

Condensed Statements of Income

Year Ended December 31,

(in thousands)	2017			2016			2015
INCOME
Dividends from subsidiaries	$	177,798		$	164,481		$	153,437
Other income	(14,678		)	(6,284		)	(6,272		)
Total income	163,120			158,197			147,165
EXPENSES
Management fees paid to subsidiaries	1,003			946			447
Other expenses	20,325			17,389			15,564
Total expenses	21,328			18,335			16,011
Income before income tax benefit and equity in undistributed earnings of subsidiaries	141,792			139,862			131,154
Income tax benefit	(25,679		)	(8,887		)	(7,269		)
Net income before equity in undistributed earnings of subsidiaries	167,471			148,749			138,423
Equity in undistributed earnings of subsidiaries	78,548			84,191			84,116
Net income	246,019			232,940			222,539
Dividends and undistributed earnings allocated to participating securities	56			125			357
Net earnings available to common shareholders	$	245,963		$	232,815		$	222,182

Schedule Of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

Year Ended December 31,

(in thousands)	2017			2016			2015
OPERATING ACTIVITIES:
Net income	$	246,019		$	232,940		$	222,539
Adjustment to reconcile net income to net cash
provided by operating activities:
Equity in undistributed earnings of subsidiaries	(78,548		)	(84,191		)	(84,116		)
Depreciation, amortization and accretion	(322		)	(322		)	(322		)
Change in junior subordinated debentures carried at fair value	14,946			6,752			6,163
Net decrease in other assets	3,532			972			617
Net decrease in other liabilities	(2,006		)	(2,112		)	(2,903		)
Net cash provided by operating activities	183,621			154,039			141,978
INVESTING ACTIVITIES:
Change in advances to subsidiaries	1,690			3,258			(5,000		)
Net cash provided (used) by investing activities	1,690			3,258			(5,000		)
FINANCING ACTIVITIES:
Net increase in advances from subsidiaries	115			45			—
Dividends paid on common stock	(145,398		)	(141,074		)	(134,618		)
Repurchases and retirement of common stock	(8,614		)	(17,708		)	(14,589		)
Proceeds from stock options exercised	961			2,626			1,481
Net cash used by financing activities	(152,936		)	(156,111		)	(147,726		)
Net increase (decrease) in cash and cash equivalents	32,375			1,186			(10,748		)
Cash and cash equivalents, beginning of year	92,540			91,354			102,102
Cash and cash equivalents, end of year	$	124,915		$	92,540		$	91,354