Condensed Financial Information Of Parent Company Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2015



Parent Company Only	December 31,
Condensed Balance Sheets:	2015		2014
	(In thousands)
Assets:
Cash and due from banks	$	416,970	$	309,220
Investments in subsidiaries	3,980,537		3,105,283
Other assets	153,991		226,321
Total assets	$	4,551,498	$	3,640,824
Liabilities:
Subordinated debentures	$	133,812	$	133,232
Other liabilities	19,995		1,362
Total liabilities	153,807		134,594
Stockholders’ equity	4,397,691		3,506,230
Total liabilities and stockholders’ equity	$	4,551,498	$	3,640,824



Parent Company Only	December 31,
Condensed Statement of Earnings:	2015		2014		2013
	(In thousands)
Miscellaneous income	$	1,458	$	122	$	104
Acquisition‑related securities gain	—		—		5,222
Dividends from Bank subsidiary	214,000		137,000		48,000
Total income	215,458		137,122		53,326
Interest expense	4,279		4,211		3,796
Operating expenses	6,983		8,105		6,061
Total expenses	11,262		12,316		9,857
Earnings before income taxes and equity in undistributed earnings of subsidiaries	204,196		124,806		43,469
Income tax benefit	4,225		5,164		4,038
Earnings before equity in undistributed earnings of subsidiaries	208,421		129,970		47,507
Equity in undistributed earnings (losses) of subsidiaries	91,198		38,935		(2,392		)
Net earnings	$	299,619	$	168,905	$	45,115



Parent Company Only	December 31,
Condensed Statements of Cash Flows:	2015			2014			2013
	(In thousands)
Cash flows from operating activities:
Net earnings	$	299,619		$	168,905		$	45,115
Adjustments to reconcile net earnings to net cash provided by operating activities:
Acquisition‑related securities gain	—			—			(5,222		)
Change in other assets	145,708			25,515			(609		)
Change in liabilities	9,115			310			4,932
Tax effect in stockholders’ equity of restricted stock vesting	841			4,625			(364		)
Earned stock compensation	14,994			41,099			441
Equity in undistributed (earnings) losses of subsidiaries	(91,198		)	(38,935		)	2,392
Net cash provided by operating activities	379,079			201,519			46,685
Cash flows from investing activities:
Net cash and cash equivalents acquired in acquisition	3,021			226,960			857
Net cash provided by investing activities	3,021			226,960			857
Cash flows from financing activities:
Tax effect in stockholders’ equity of restricted stock vesting	(841		)	(4,625		)	364
Restricted stock surrendered	(8,400		)	(22,307		)	(13,537		)
Increase in note receivable	(50,000		)	—			—
Cash dividends paid, net	(215,110		)	(114,162		)	(41,006		)
Net cash used in financing activities	(274,351		)	(141,094		)	(54,179		)
Net increase (decrease) in cash and cash equivalents	107,749			287,385			(6,637		)
Cash and cash equivalents, beginning of year	309,220			21,835			28,472
Cash and cash equivalents, end of year	$	416,969		$	309,220		$	21,835
Supplemental disclosure of noncash investing and financing activities:
Common stock issued for acquisitions	$	797,433		$	2,594,070		$	242,268