Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

(In thousands)	December 31,
	2016			2015
ASSETS
Cash and due from banks	$	2,023		$	18,375
Interest-bearing deposits	528,531			775,649
Security resell agreements	—			100,000
Investment securities:
Available-for-sale, at fair value	40,258			45,168
Other noninterest-bearing investments	28,719			28,178
Investments in subsidiaries:
Commercial bank	7,570,521			7,312,654
Other subsidiaries	6,126			84,010
Receivables from subsidiaries:
Other subsidiaries	—			60
Other assets	80,715			78,728
	$	8,256,893		$	8,442,822
LIABILITIES AND SHAREHOLDERS’ EQUITY
Other liabilities	$	88,477		$	123,849
Subordinated debt to affiliated trusts	—			164,950
Long-term debt:
Due to others	534,110			646,504
Total liabilities	622,587			935,303
Shareholders’ equity:
Preferred stock	709,601			828,490
Common stock	4,724,715			4,766,731
Retained earnings	2,321,571			1,966,910
Accumulated other comprehensive loss	(121,581		)	(54,612		)
Total shareholders’ equity	7,634,306			7,507,519
	$	8,256,893		$	8,442,822

Condensed Statements Of Income

(In thousands)	Year Ended December 31,
	2016			2015			2014
Interest income:
Commercial bank	$	559		$	1,162		$	1,489
Other subsidiaries	3			3			16
Other loans and securities	2,015			3,014			10,900
Total interest income	2,577			4,179			12,405
Interest expense:
Affiliated trusts	3,484			4,308			4,265
Other borrowed funds	33,651			63,665			117,700
Total interest expense	37,135			67,973			121,965
Net interest loss	(34,558		)	(63,794		)	(109,560		)
Other income:
Dividends from consolidated subsidiaries:
Commercial bank	263,149			233,853			236,012
Other subsidiaries	—			100			400
Equity and fixed income securities gains, net	—			37,161			300,275
Other income	4,490			12,512			6,475
	267,639			283,626			543,162
Expenses:
Salaries and employee benefits	22,868			24,674			17,457
Debt extinguishment cost	353			135			44,422
Other operating expenses	(13,543		)	10,473			10,559
	9,678			35,282			72,438
Income before income taxes and undistributed income of consolidated subsidiaries	223,403			184,550			361,164
Income tax expense (benefit)	(19,006		)	(27,140		)	55,865
Income before equity in undistributed income of consolidated subsidiaries	242,409			211,690			305,299
Equity in undistributed income (loss) of consolidated subsidiaries:
Commercial bank	230,167			108,350			97,673
Other subsidiaries	(3,526		)	(10,569		)	(4,510		)
Net income	469,050			309,471			398,462
Preferred stock dividends	(47,982		)	(62,857		)	(71,894		)
Preferred stock redemption	(9,759		)	—			—
Net earnings applicable to common shareholders	$	411,309		$	246,614		$	326,568

Condensed Statements Of Cash Flows

(In thousands)	Year Ended December 31,
	2016			2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	469,050		$	309,471		$	398,462
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed net income of consolidated subsidiaries	(226,641		)	(97,781		)	(93,163		)
Debt extinguishment cost	353			135			44,422
Other, net	(31,048		)	78,580			149,280
Net cash provided by operating activities	211,714			290,405			499,001
CASH FLOWS FROM INVESTING ACTIVITIES
Net decrease (increase) in money market investments	347,118			132,267			(1,007,844		)
Collection of advances to subsidiaries	60			56,000			15,000
Advances to subsidiaries	—			(41,000		)	(30,060		)
Proceeds from sales and maturities of investment securities	3,878			124,419			372,357
Purchases of investment securities	—			(46,851		)	—
Decrease of investment in subsidiaries	—			15,000			6,310
Other, net	7,342			4,010			24,319
Net cash provided by (used in) investing activities	358,398			243,845			(619,918		)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of long-term debt	(279,948		)	(271,120		)	(1,147,641		)
Debt extinguishment cost paid	(353		)	(135		)	(35,435		)
Proceeds from issuance of common stock	25,072			22,392			526,438
Cash paid for preferred stock redemptions	(126,144		)	(175,669		)	—
Common stock redeemed and retired	(97,240		)	(6,681		)	(5,589		)
Dividends paid on preferred stock	(50,098		)	(62,857		)	(64,868		)
Dividends paid on common stock	(57,753		)	(45,198		)	(31,262		)
Other, net	—			(381		)	(30		)
Net cash used in financing activities	(586,464		)	(539,649		)	(758,387		)
Net decrease in cash and due from banks	(16,352		)	(5,399		)	(879,304		)
Cash and due from banks at beginning of year	18,375			23,774			903,078
Cash and due from banks at end of year	$	2,023		$	18,375		$	23,774