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

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Of Parent Company [Abstract]

Condensed Balance Sheet

Parent Company Only	December 31,
Condensed Balance Sheets	2020		2019
	(In thousands)
Assets:
Cash and cash equivalents	$	127,849	$	113,961
Investments in subsidiaries	3,530,823		4,905,033
Other assets	75,835		74,479
Total assets	$	3,734,507	$	5,093,473
Liabilities:
Subordinated debentures	$	135,055	$	135,055
Other liabilities	4,501		3,721
Total liabilities	139,556		138,776
Stockholders’ equity	3,594,951		4,954,697
Total liabilities and stockholders’ equity	$	3,734,507	$	5,093,473

Condensed Income Statement

Parent Company Only	Year Ended December 31,
Condensed Statements of Earnings (Loss)	2020		2019		2018
	(In thousands)
Miscellaneous income	$	14,276	$	9,739	$	8,358
Dividends from Bank subsidiary	258,000		336,000		684,000
Total income	272,276		345,739		692,358
Interest expense	4,394		6,637		6,550
Operating expenses	11,184		9,833		10,068
Total expenses	15,578		16,470		16,618
Earnings before income taxes and equity in undistributed earnings of
subsidiaries	256,698		329,269		675,740
Income tax (expense) benefit	(3,268)		2,202		7,262
Earnings before equity in undistributed earnings of subsidiaries	253,430		331,471		683,002
Equity in (distributions in excess of) undistributed earnings or loss
of subsidiaries	(1,491,004)		137,165		(217,663)
Net earnings (loss)	$	(1,237,574)	$	468,636	$	465,339

Condensed Cash Flow Statement

Parent Company Only	Year Ended December 31,
Condensed Statements of Cash Flows	2020		2019		2018
	(In thousands)
Cash flows from operating activities:
Net earnings (loss)	$	(1,237,574)	$	468,636	$	465,339
Adjustments to reconcile net earnings (loss) to net cash provided
by operating activities:
Change in other assets	(29,568)		(35,510)		(36,362)
Change in liabilities	780		(1,661)		(953)
Earned stock compensation	24,363		26,815		29,768
(Equity in) distributions in excess of undistributed earnings
or loss of subsidiaries	1,491,004		(137,165)		217,663
Net cash provided by operating activities	249,005		321,115		675,455
Cash flows from investing activities:
Net cash used in investing activities	—		—		—
Cash flows from financing activities:
Common stock repurchased and restricted stock surrendered	(75,369)		(162,965)		(315,542)
Net decrease in subordinated debentures	—		—		(12,372)
Cash dividends paid, net	(159,748)		(289,048)		(288,193)
Net cash used in financing activities	(235,117)		(452,013)		(616,107)
Net increase (decrease) in cash and cash equivalents	13,888		(130,898)		59,348
Cash and cash equivalents, beginning of year	113,961		244,859		185,511
Cash and cash equivalents, end of year	$	127,849	$	113,961	$	244,859