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Parent Company Condensed Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets
 
 
 
December 31
(In thousands)
2018
2017
Assets
 
 
Investment in consolidated subsidiaries:
 
 
Bank
$
2,587,489

$
2,409,098

Non-banks
67,538

52,479

Cash
207,462

151,607

Investment securities:
 
 
Available for sale debt
2,576

4,595

Equity
3,191

49,345

Note receivable due from bank subsidiary
50,000

50,000

Advances to subsidiaries, net of borrowings
19,867

14,571

Income tax benefits
8,590

8,279

Other assets
23,734

19,951

Total assets
$
2,970,447

$
2,759,925

Liabilities and stockholders’ equity
 
 
Pension obligation
$
12,645

$
12,407

Other liabilities
26,504

30,958

Total liabilities
39,149

43,365

Stockholders’ equity
2,931,298

2,716,560

Total liabilities and stockholders’ equity
$
2,970,447

$
2,759,925
Condensed Statements Of Income
Condensed Statements of Income
 
 
 
 
For the Years Ended December 31
(In thousands)
2018
2017
2016
Income
 
 
 
Dividends received from consolidated bank subsidiary
$
200,000

$
160,002

$
160,002

Earnings of consolidated subsidiaries, net of dividends
233,785

147,678

118,704

Interest and dividends on investment securities
10,698

2,099

2,364

Management fees charged to subsidiaries
37,688

30,431

30,965

Investment securities gains (losses)
(4,581
)
41,717

1,880

Net interest income on advances and note to subsidiaries
1,299

514

21

Other
2,390

3,346

2,720

Total income
481,279

385,787

316,656

Expense
 
 
 
Salaries and employee benefits
33,588

33,714

29,116

Professional fees
2,383

2,036

1,951

Data processing fees paid to affiliates
3,341

3,512

3,226

Community service
152

32,093

1,620

Other
10,729

10,671

9,849

Total expense
50,193

82,026

45,762

Income tax benefit
(2,456
)
(15,622
)
(4,497
)
Net income
$
433,542

$
319,383

$
275,391
Condensed Statements Of Cash Flows
Condensed Statements of Cash Flows
 
 
 
 
For the Years Ended December 31
(In thousands)
2018
2017
2016
Operating Activities
 
 
 
Net income
$
433,542

$
319,383

$
275,391

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Earnings of consolidated subsidiaries, net of dividends
(233,785
)
(147,678
)
(118,704
)
Other adjustments, net
2,505

(11,268
)
9,541

Net cash provided by operating activities
202,262

160,437

166,228

Investing Activities
 
 
 
(Increase) decrease in securities purchased under agreements to resell
—

155,775

(51,335
)
Decrease in investment in subsidiaries, net
—

11

4

Proceeds from sales of investment securities
41,638

11,006

2,949

Proceeds from maturities/pay downs of investment securities
1,988

2,295

4,105

Purchases of investment securities
(125
)
—

—

Note receivable due from bank subsidiary
—

(50,000
)
—

(Increase) decrease in advances to subsidiaries, net
(5,296
)
(9,518
)
13,507

Net purchases of building improvements and equipment
(133
)
(52
)
(3
)
Net cash provided by (used in) investing activities
38,072

109,517

(30,773
)
Financing Activities
 
 
 
Purchases of treasury stock
(75,231
)
(17,771
)
(39,381
)
Issuance of stock under equity compensation plans
(10
)
(8
)
(6
)
Cash dividends paid on common stock
(100,238
)
(91,619
)
(87,070
)
Cash dividends paid on preferred stock
(9,000
)
(9,000
)
(9,000
)
Net cash used in financing activities
(184,479
)
(118,398
)
(135,457
)
Increase (decrease) in cash
55,855

151,556

(2
)
Cash at beginning of year
151,607

51

53

Cash at end of year
$
207,462

$
151,607

$
51

Income tax receipts, net
$
(1,965
)
$
(8,991
)
$
(8,958
)