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Shareholders' Equity | 12 Months Ended
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Dec. 31, 2018
Equity [Abstract] |
Shareholders' Equity | NOTE 27 – Shareholders’ Equity Share Repurchase Program We have an ongoing authorization from the Board of Directors to repurchase our common stock in the open market or in negotiated transactions. In November 2018, the Board of Directors authorized the repurchase of an additional 5.3 million shares bringing the authorized share repurchase amount to 10.0 million shares. At December 31, 2018, the maximum number of shares that may yet be purchased under this plan was 9.0 million. The repurchase program has no expiration date. These purchases may be made on the open market or in privately negotiated transactions, depending upon market conditions and other factors. Repurchased shares may be used to meet obligations under our employee benefit plans and for general corporate purposes. During the year ended December 31, 2018, we repurchased $170.2 million or 3.4 million shares using existing Board authorization at an average price of $49.59 per share to meet obligations under our company’s employee benefit plans and for general corporate purposes. During the year ended December 31, 2017, we repurchased $13.0 million or 0.3 million shares using existing Board authorization at an average price of $43.83 per share to meet obligations under our company’s employee benefit plans and for general corporate purposes. Issuance of Common Stock from Treasury During the year ended December 31, 2018, we issued 0.5 million shares of common stock from treasury. Share issuances out of treasury during the year ended December 31, 2018, were primarily a result of the vesting and exercise transactions under our incentive stock award plans. During the year ended December 31, 2017, we issued 2.4 million shares of common stock from treasury. Share issuances out of treasury during the year ended December 31, 2017, were primarily a result of the vesting and exercise transactions under our incentive stock award plans. Issuance of Common Stock On August 31, 2018, we issued approximately 2.0 million shares for acquisition of Business Bancshares, Inc. See Note 3 in the notes to consolidated financial statements for additional information regarding the acquisition. On January 3, 2017, we issued 0.2 million shares related to the purchase of City Securities, Inc. See Note 3 in the notes to consolidated financial statements for additional information regarding the acquisition. Issuance of Preferred Stock On July 11, 2016, our company issued $150.0 million of perpetual 6.25% Non-Cumulative Perpetual Preferred Stock, Series A, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 liquidation preference per depositary share). When, as, and if declared by the board of directors of the company, dividends will be payable at an annual rate of 6.25%, payable quarterly, in arrears. We may redeem the Series A preferred stock at our option, subject to regulatory approval, on or after July 15, 2021, or following a regulatory capital treatment event, as defined.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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