Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Taxes

Applicable income taxes in the Consolidated Statements of Income were as follows:

(In thousands)	Current			Deferred			Total
Year Ended December 31, 2019:
Federal	$	(8,471	)	$	40,038		$	31,567
State	23,154			(9,564		)	13,590
Foreign	5,148			(64		)	5,084
Total	$	19,831		$	30,410		$	50,241
Year Ended December 31, 2018:
Federal	$	9,424		$	54,858		$	64,282
State	13,251			3,722			16,973
Foreign	4,435			406			4,841
Total	$	27,110		$	58,986		$	86,096
Year Ended December 31, 2017:
Federal	$	14,384		$	(62,913	)	$	(48,529	)
State	237			9,340			9,577
Foreign	5,484			(156		)	5,328
Total	$	20,105		$	(53,729	)	$	(33,624	)

Schedule of Reconciliation of the Effective Income Tax Rate from the Statutory Federal Income Tax Rate

Reconciliations to the Corporation's effective income tax rates from the statutory federal income tax rates were as follows:

	Year Ended December 31,
	2019		2018		2017
Federal income tax rate	21.00	%	21.00	%	35.00	%
Increase (decrease) resulting from:
Tax basis adjustment	(3.30	)	—		—
State income tax, net of federal tax	3.01		3.34		3.92
Tax credit investments	(1.94	)	(0.34	)	(0.89	)
Tax-exempt income	(1.74	)	(1.64	)	(3.86	)
Merger deferred tax reprice	(1.59	)	—		—
State tax settlements, net of federal tax	(1.40	)	—		(1.38	)
Non-controlling interest tax effect	(0.67	)	(0.59	)	(1.45	)
Stock compensation	(0.64	)	(0.64	)	(1.15	)
Tax reform effects, net	—		(0.26	)	(53.29	)
Nondeductible goodwill impairment effect	—		—		10.43
Other, net	1.34		0.56		(1.05	)
Effective income tax rate	14.07	%	21.43	%	(13.72	)%

Schedule of Reconciliation of the Changes in Unrecognized Tax Benefits

Reconciliations of the changes in unrecognized tax benefits were as follows:

	At or For the Year Ended December 31,
(In thousands)	2019			2018			2017
Balance, beginning of period	$	5,872		$	4,645		$	4,690
Increases for tax positions related to the current year	444			903			200
Increases for tax positions related to prior years	445			1,438			86
Decreases for tax positions related to prior years	(1,498		)	(970		)	(331		)
Settlements with taxing authorities	(2,479		)	—			—
Decreases related to lapses of applicable statutes of limitation	(89		)	(144		)	—
Balance, end of period	$	2,695		$	5,872		$	4,645

Schedule of Deferred Tax Assets and Deferred Tax Liabilities

The Corporation's deferred tax assets and deferred tax liabilities were as follows:

	At December 31,
(In thousands)	2019			2018
Deferred tax assets:
Net operating losses and other carryforwards	$	70,820		$	20,591
Acquisition-related fair value adjustments	44,800			—
Stock compensation and deferred compensation plans	42,980			32,686
Allowance for loan and lease losses	25,178			33,546
Nonaccrual interest	6,209			637
Investment securities available-for-sale	—			9,235
Other	5,516			3,787
Deferred tax assets	195,503			100,482
Valuation allowance	(12,840		)	(14,291		)
Total deferred tax assets, net of valuation allowance	182,663			86,191
Deferred tax liabilities:
Lease financing	339,691			297,603
Goodwill and other intangibles	35,031			2,290
Premises and equipment	30,122			40,130
Investment securities available-for-sale	16,760			—
Loan servicing rights	12,989			—
Loan fees and discounts	10,098			17,465
Prepaid expenses	9,508			7,921
Other	7,862			7,319
Total deferred tax liabilities	462,061			372,728
Net deferred tax liabilities	$	279,398		$	286,537