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Parent Company Condensed Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets |
Condensed Balance Sheets |  |
| December 31
(In thousands) | 2020 | 2019
Assets |  |
Investment in consolidated subsidiaries: |  |
Bank | $ | 3,077,713 |  | $ | 2,687,692 |
Non-banks | 67,710 |  | 71,290 |
Cash | 171,943 |  | 301,913 |
Investment securities: |  |
Available for sale debt | 4,795 |  | 1,399 |
Equity | 3,135 |  | 2,969 |
Note receivable due from bank subsidiary | 50,000 |  | 50,000 |
Advances to subsidiaries, net of borrowings | 31,907 |  | 26,097 |
Deferred tax assets | 10,990 |  | 9,973 |
Other assets | 26,222 |  | 23,528 |
Total assets | $ | 3,444,415 |  | $ | 3,174,861 |
Liabilities and stockholders’ equity |  |
Pension obligation | $ | 17,548 |  | $ | 13,028 |
Other liabilities | 29,820 |  | 27,149 |
Total liabilities | 47,368 |  | 40,177 |
Stockholders’ equity | 3,397,047 |  | 3,134,684 |
Total liabilities and stockholders’ equity | $ | 3,444,415 |  | $ | 3,174,861 |
Condensed Statements Of Income |
Condensed Statements of Income |  |  |
| For the Years Ended December 31
(In thousands) | 2020 | 2019 | 2018
Income |  |  |
Dividends received from consolidated bank subsidiary | $ | 210,001 |  | $ | 500,000 |  | $ | 200,000 |
Earnings of consolidated subsidiaries, net of dividends | 148,435 |  | (79,641) |  | 233,785 |
Interest and dividends on investment securities | 1,802 |  | 1,698 |  | 10,698 |
Management fees charged to subsidiaries | 33,472 |  | 36,776 |  | 37,688 |
Investment securities gains (losses) | 53 |  | 3,572 |  | (4,581) |
Net interest income on advances and note to subsidiaries | 233 |  | 1,208 |  | 1,299 |
Other | 4,282 |  | 4,700 |  | 2,390 |
Total income | 398,278 |  | 468,313 |  | 481,279 |
Expense |  |  |
Salaries and employee benefits | 31,277 |  | 32,882 |  | 33,588 |
Professional fees | 1,977 |  | 2,050 |  | 2,383 |
Data processing fees paid to affiliates | 2,765 |  | 3,142 |  | 3,341 |
Other | 11,850 |  | 13,106 |  | 10,881 |
Total expense | 47,869 |  | 51,180 |  | 50,193 |
Income tax benefit | (3,648) |  | (4,098) |  | (2,456) |
Net income | $ | 354,057 |  | $ | 421,231 |  | $ | 433,542 |
Condensed Statements Of Cash Flows |
Condensed Statements of Cash Flows |  |  |
| For the Years Ended December 31
(In thousands) | 2020 | 2019 | 2018
Operating Activities |  |  |
Net income | $ | 354,057 |  | $ | 421,231 |  | $ | 433,542 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Earnings of consolidated subsidiaries, net of dividends | (148,435) |  | 79,641 |  | (233,785) |
Other adjustments, net | 5,504 |  | 2,491 |  | 2,505 |
Net cash provided by operating activities | 211,126 |  | 503,363 |  | 202,262 |
Investing Activities |  |  |
(Increase) decrease in investment in subsidiaries, net | 3 |  | (12) |  | — |
Proceeds from sales of investment securities | — |  | 3,856 |  | 41,638 |
Proceeds from maturities/pay downs of investment securities | 1,410 |  | 1,150 |  | 1,988 |
Purchases of investment securities | (4,863) |  | (63) |  | (125) |
Increase in advances to subsidiaries, net | (5,810) |  | (6,230) |  | (5,296) |
Net purchases of building improvements and equipment | (94) |  | (235) |  | (133) |
Net cash provided by (used in) investing activities | (9,354) |  | (1,534) |  | 38,072 |
Financing Activities |  |  |
Preferred stock redemption | (150,000) |  | — |  | — |
Purchases of treasury stock | (54,163) |  | (134,904) |  | (75,231) |
Accelerated share repurchase agreements | — |  | (150,000) |  | — |
Issuance of stock under equity compensation plans | (11) |  | (8) |  | (10) |
Cash dividends paid on common stock | (120,818) |  | (113,466) |  | (100,238) |
Cash dividends paid on preferred stock | (6,750) |  | (9,000) |  | (9,000) |
Net cash used in financing activities | (331,742) |  | (407,378) |  | (184,479) |
Increase (decrease) in cash | (129,970) |  | 94,451 |  | 55,855 |
Cash at beginning of year | 301,913 |  | 207,462 |  | 151,607 |
Cash at end of year | $ | 171,943 |  | $ | 301,913 |  | $ | 207,462 |
Income tax receipts, net | $ | (3,663) |  | $ | (2,337) |  | $ | (1,965) |

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