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

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Of Parent Company [Abstract]

Condensed Balance Sheet

Parent Company Only	December 31,
Condensed Balance Sheets	2021		2020
	(In thousands)
Assets:
Cash and cash equivalents	$	176,923	$	127,849
Investments in subsidiaries	3,845,653		3,530,823
Other assets	122,324		75,835
Total assets	$	4,144,900	$	3,734,507
Liabilities:
Subordinated debt	$	135,055	$	135,055
Other liabilities	10,215		4,501
Total liabilities	145,270		139,556
Stockholders’ equity	3,999,630		3,594,951
Total liabilities and stockholders’ equity	$	4,144,900	$	3,734,507

Condensed Income Statement

Parent Company Only	Year Ended December 31,
Condensed Statements of Earnings (Loss)	2021		2020		2019
	(In thousands)
Miscellaneous income	$	52,955	$	14,276	$	9,739
Dividends from Bank subsidiary	182,000		258,000		336,000
Total income	234,955		272,276		345,739
Interest expense	3,527		4,394		6,637
Operating expenses	18,913		11,184		9,833
Total expenses	22,440		15,578		16,470
Earnings before income taxes and equity in undistributed earnings of
subsidiaries	212,515		256,698		329,269
Income tax (expense) benefit	(6,188)		(3,268)		2,202
Earnings before equity in undistributed earnings of subsidiaries	206,327		253,430		331,471
Equity in (distributions in excess of) undistributed earnings or loss
of subsidiaries	400,632		(1,491,004)		137,165
Net earnings (loss)	$	606,959	$	(1,237,574)	$	468,636

Condensed Cash Flow Statement

Parent Company Only	Year Ended December 31,
Condensed Statements of Cash Flows	2021		2020		2019
	(In thousands)
Cash flows from operating activities:
Net earnings (loss)	$	606,959	$	(1,237,574)	$	468,636
Adjustments to reconcile net earnings (loss) to net cash provided
by operating activities:
Change in other assets	(67,242)		(29,568)		(35,510)
Change in liabilities	5,714		780		(1,661)
Earned stock compensation	32,223		24,363		26,815
(Equity in) distributions in excess of undistributed earnings
or loss of subsidiaries	(400,632)		1,491,004		(137,165)
Net cash provided by operating activities	177,022		249,005		321,115
Cash flows from investing activities:
Net cash used in investing activities	—		—		—
Cash flows from financing activities:
Common stock repurchased and restricted stock surrendered	(8,505)		(75,369)		(162,965)
Cash dividends paid, net	(119,443)		(159,748)		(289,048)
Net cash used in financing activities	(127,948)		(235,117)		(452,013)
Net increase (decrease) in cash and cash equivalents	49,074		13,888		(130,898)
Cash and cash equivalents, beginning of year	127,849		113,961		244,859
Cash and cash equivalents, end of year	$	176,923	$	127,849	$	113,961