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Parent Company Only Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
CONDENSED BALANCE SHEETS | CONDENSED BALANCE SHEETS
| 2020 |  | 2019
Assets: |  |  |
Cash and cash equivalents | $ | 275,888 |  |  | $ | 182,091 |
Investments in bank subsidiaries | 4,972,160 |  |  | 4,653,310 |
Investments in consolidated subsidiaries | 9,322 |  |  | 7,816 |
Investment in unconsolidated subsidiaries: |  |  |
Statutory Trusts | 3,995 |  |  | 3,995 |
Other investments | 113,445 |  |  | 97,459 |
Current income tax receivable | 51,621 |  |  | 11,696 |
Other assets | 25,747 |  |  | 29,566 |
| $ | 5,452,178 |  |  | $ | 4,985,933 |
Liabilities and stockholders' equity: |  |  |
Income taxes payable to subsidiaries | — |  |  | 2,467 |
Subordinated debt and other borrowings | 541,286 |  |  | 620,256 |
Other liabilities | 6,281 |  |  | 7,462 |
Stockholders' equity | 4,904,611 |  |  | 4,355,748 |
| $ | 5,452,178 |  |  | $ | 4,985,933 |
CONDENSED STATEMENTS OF OPERATIONS | CONDENSED STATEMENTS OF OPERATIONS
| 2020 |  | 2019 |  | 2018
Revenues: |  |  |  |  |
Income from bank subsidiaries | $ | 119,065 |  |  | $ | 113,982 |  |  | $ | 83,090 |
Income from nonbank subsidiaries | 119 |  |  | 178 |  |  | 170 |
Income from equity method investment | 22,587 |  |  | 24,298 |  |  | 13,731 |
Other income | 3,861 |  |  | 3,485 |  |  | 1,310 |
Expenses: |  |  |  |  |
Interest expense | 23,877 |  |  | 18,425 |  |  | 17,703 |
Personnel expense, including stock compensation | 18,737 |  |  | 21,226 |  |  | 17,636 |
Other expense | 2,905 |  |  | 1,496 |  |  | 1,312 |
Income before income taxes and equity in undistributed income of subsidiaries | 100,113 |  |  | 100,796 |  |  | 61,650 |
Income tax benefit | (5,370) |  |  | (4,457) |  |  | (8,570) |
Income before equity in undistributed income of subsidiaries | 105,483 |  |  | 105,253 |  |  | 70,220 |
Equity in undistributed income of bank subsidiaries | 205,327 |  |  | 294,354 |  |  | 288,728 |
Equity in undistributed income of nonbank subsidiaries | 1,511 |  |  | 1,274 |  |  | 492 |
Net income | $ | 312,321 |  |  | $ | 400,881 |  |  | $ | 359,440 |
Preferred stock dividends | 7,596 |  |  | — |  |  | — |
Net income available to common shareholders | $ | 304,725 |  |  | $ | 400,881 |  |  | $ | 359,440 |
CONDENSED STATEMENTS OF CASH FLOWS | CONDENSED STATEMENTS OF CASH FLOWS
| 2020 |  | 2019 |  | 2018
Operating activities: |  |  |  |  |
Net income | $ | 312,321 |  |  | $ | 400,881 |  |  | $ | 359,440 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Amortization and accretion | 1,122 |  |  | (3,094) |  |  | 105 |
Stock-based compensation expense | 18,737 |  |  | 21,226 |  |  | 17,636 |
Increase (decrease) in income tax payable, net | (2,467) |  |  | 2,467 |  |  | (24) |
Deferred tax expense (benefit) | 3,876 |  |  | (2,857) |  |  | (549) |
Income from equity method investments, net | (22,587) |  |  | (24,298) |  |  | (13,731) |
Dividends received from equity method investment | 9,251 |  |  | 8,953 |  |  | 5,872 |
Excess tax benefit from stock compensation | (417) |  |  | (1,011) |  |  | (2,966) |
Gain on other investments | (195) |  |  | (1,057) |  |  | (209) |
Decrease (increase) in other assets | (39,981) |  |  | 7,295 |  |  | 4,390 |
Increase (decrease) in other liabilities | (764) |  |  | 5,322 |  |  | 2,758 |
Equity in undistributed income of bank subsidiary | (205,327) |  |  | (294,354) |  |  | (288,728) |
Equity in undistributed income of nonbank subsidiary | (1,511) |  |  | (1,274) |  |  | (492) |
Net cash provided by operating activities | 72,058 |  |  | 118,199 |  |  | 83,502 |
Investing activities: |  |  |  |  |
Investment in consolidated banking subsidiaries | — |  |  | (180,000) |  |  | — |
Increase in other investments | (2,454) |  |  | (1,411) |  |  | (2,321) |
Net cash used in investing activities | (2,454) |  |  | (181,411) |  |  | (2,321) |
Financing activities: |  |  |  |  |
Proceeds from subordinated debt and other borrowings, net of issuance costs | (93) |  |  | 316,078 |  |  | 19,850 |
Repayment of other borrowings | (80,000) |  |  | (49,880) |  |  | (620) |
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes | (2,488) |  |  | — |  |  | — |
Exercise of common stock options, net of repurchase of restricted shares | (2,577) |  |  | (3,694) |  |  | (5,071) |
Issuance of preferred stock, net of issuance costs | 217,126 |  |  | — |  |  | — |
Repurchase of common stock | (50,790) |  |  | (61,416) |  |  | (20,694) |
Common dividends paid | (49,389) |  |  | (49,828) |  |  | (45,454) |
Preferred stock dividends paid | (7,596) |  |  | — |  |  | — |
Net cash provided by (used in) financing activities | 24,193 |  |  | 151,260 |  |  | (51,989) |
Net increase in cash | 93,797 |  |  | 88,048 |  |  | 29,192 |
Cash and cash equivalents, beginning of year | 182,091 |  |  | 94,043 |  |  | 64,851 |
Cash and cash equivalents, end of year | $ | 275,888 |  |  | $ | 182,091 |  |  | $ | 94,043 |

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