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

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Of Parent Company [Abstract]

Condensed Balance Sheet

Parent Company Only	December 31,
Condensed Balance Sheets	2019		2018
	(In thousands)
Assets:
Cash and cash equivalents	$	113,961	$	244,859
Investments in subsidiaries	4,905,033		4,641,649
Other assets	74,479		79,516
Total assets	$	5,093,473	$	4,966,024
Liabilities:
Subordinated debentures	$	135,055	$	135,055
Other liabilities	3,721		5,381
Total liabilities	138,776		140,436
Stockholders’ equity	4,954,697		4,825,588
Total liabilities and stockholders’ equity	$	5,093,473	$	4,966,024

Condensed Income Statement

Parent Company Only	Year Ended December 31,
Condensed Statements of Earnings	2019		2018			2017
	(In thousands)
Miscellaneous income	$	9,739	$	8,358		$	3,393
Dividends from Bank subsidiary	336,000		684,000			265,000
Total income	345,739		692,358			268,393
Interest expense	6,637		6,550			5,519
Operating expenses	9,833		10,068			8,273
Total expenses	16,470		16,618			13,792
Earnings before income taxes and equity in undistributed earnings of
subsidiaries	329,269		675,740			254,601
Income tax benefit	2,202		7,262			19,957
Earnings before equity in undistributed earnings of subsidiaries	331,471		683,002			274,558
Equity in (distributions in excess of) undistributed earnings of subsidiaries	137,165		(217,663		)	83,260
Net earnings	$	468,636	$	465,339		$	357,818

Condensed Cash Flow Statement

Parent Company Only	Year Ended December 31,
Condensed Statements of Cash Flows	2019			2018			2017
	(In thousands)
Cash flows from operating activities:
Net earnings	$	468,636		$	465,339		$	357,818
Adjustments to reconcile net earnings to net cash provided by
operating activities:
Change in other assets	(35,510		)	(36,362		)	(34,274		)
Change in liabilities	(1,661		)	(953		)	4,857
Gain on sale of securities, net	—			—			(15		)
Earned stock compensation	26,815			29,768			25,568
(Equity in) distributions in excess of undistributed earnings
of subsidiaries	(137,165		)	217,663			(83,260		)
Net cash provided by operating activities	321,115			675,455			270,694
Cash flows from investing activities:
Proceeds from sales of securities available-for-sale	—			—			426
Net cash and cash equivalents paid in acquisitions	—			—			(223,818		)
Net cash used in investing activities	—			—			(223,392		)
Cash flows from financing activities:
Common stock repurchased and restricted stock surrendered	(162,965		)	(315,542		)	(109,153		)
Net decrease in subordinated debentures	—			(12,372		)	—
Cash dividends paid, net	(289,048		)	(288,193		)	(247,403		)
Net cash used in financing activities	(452,013		)	(616,107		)	(356,556		)
Net (decrease) increase in cash and cash equivalents	(130,898		)	59,348			(309,254		)
Cash and cash equivalents, beginning of year	244,859			185,511			494,765
Cash and cash equivalents, end of year	$	113,961		$	244,859		$	185,511
Supplemental disclosure of noncash investing and financing activities:
Common stock issued for acquisitions	$	—		$	—		$	446,233