XML 58 R45.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Parent Company Only Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
CONDENSED BALANCE SHEETS | CONDENSED BALANCE SHEETS
| 2021 |  | 2020
Assets: |  |  |
Cash and cash equivalents | $ | 184,654 |  |  | $ | 275,888 |
Investments in bank subsidiaries | 5,329,003 |  |  | 4,972,160 |
Investments in consolidated subsidiaries | 11,133 |  |  | 9,322 |
Investment in unconsolidated subsidiaries: |  |  |
Statutory Trusts | 3,995 |  |  | 3,995 |
Other investments | 156,292 |  |  | 113,445 |
Current income tax receivable | 29,609 |  |  | 51,621 |
Other assets | 24,930 |  |  | 25,747 |
| $ | 5,739,616 |  |  | $ | 5,452,178 |
Liabilities and stockholders' equity: |  |  |
Subordinated debt and other borrowings | 423,172 |  |  | 541,286 |
Other liabilities | 5,837 |  |  | 6,281 |
Stockholders' equity | 5,310,607 |  |  | 4,904,611 |
| $ | 5,739,616 |  |  | $ | 5,452,178 |
CONDENSED STATEMENTS OF OPERATIONS | CONDENSED STATEMENTS OF OPERATIONS
| 2021 |  | 2020 |  | 2019
Revenues: |  |  |  |  |
Income from bank subsidiaries | $ | 99,766 |  |  | $ | 119,065 |  |  | $ | 113,982 |
Income from nonbank subsidiaries | 89 |  |  | 119 |  |  | 178 |
Income from equity method investment | 33,169 |  |  | 22,587 |  |  | 24,298 |
Other income | 14,945 |  |  | 3,861 |  |  | 3,485 |
Expenses: |  |  |  |  |
Interest expense | 22,903 |  |  | 23,877 |  |  | 18,425 |
Personnel expense, including stock compensation | 24,952 |  |  | 18,737 |  |  | 21,226 |
Other expense | 2,697 |  |  | 2,905 |  |  | 1,496 |
Income before income taxes and equity in undistributed income of subsidiaries | 97,417 |  |  | 100,113 |  |  | 100,796 |
Income tax benefit | (3,088) |  |  | (5,370) |  |  | (4,457) |
Income before equity in undistributed income of subsidiaries | 100,505 |  |  | 105,483 |  |  | 105,253 |
Equity in undistributed income of bank subsidiaries | 424,978 |  |  | 205,327 |  |  | 294,354 |
Equity in undistributed income of nonbank subsidiaries | 1,840 |  |  | 1,511 |  |  | 1,274 |
Net income | $ | 527,323 |  |  | $ | 312,321 |  |  | $ | 400,881 |
Preferred stock dividends | 15,192 |  |  | 7,596 |  |  | — |
Net income available to common shareholders | $ | 512,131 |  |  | $ | 304,725 |  |  | $ | 400,881 |
CONDENSED STATEMENTS OF CASH FLOWS | CONDENSED STATEMENTS OF CASH FLOWS
| 2021 |  | 2020 |  | 2019
Operating activities: |  |  |  |  |
Net income | $ | 527,323 |  |  | $ | 312,321 |  |  | $ | 400,881 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Amortization and accretion | 1,886 |  |  | 1,122 |  |  | (3,094) |
Stock-based compensation expense | 24,952 |  |  | 18,737 |  |  | 21,226 |
Increase (decrease) in income tax payable, net | — |  |  | (2,467) |  |  | 2,467 |
Deferred tax expense (benefit) | 2,850 |  |  | 3,876 |  |  | (2,857) |
Income from equity method investments, net | (33,169) |  |  | (22,587) |  |  | (24,298) |
Dividends received from equity method investment | 12,214 |  |  | 9,251 |  |  | 8,953 |
Excess tax benefit from stock compensation | (2,475) |  |  | (417) |  |  | (1,011) |
Gain on other investments, net | (10,223) |  |  | (195) |  |  | (1,057) |
Decrease (increase) in other assets | 19,478 |  |  | (39,981) |  |  | 7,295 |
Increase (decrease) in other liabilities | 2,032 |  |  | (764) |  |  | 5,322 |
Equity in undistributed income of bank subsidiaries | (424,978) |  |  | (205,327) |  |  | (294,354) |
Equity in undistributed income of nonbank subsidiaries | (1,840) |  |  | (1,511) |  |  | (1,274) |
Net cash provided by operating activities | 118,050 |  |  | 72,058 |  |  | 118,199 |
Investing activities: |  |  |  |  |
Investment in consolidated banking subsidiaries | — |  |  | — |  |  | (180,000) |
Increase in other investments | (11,668) |  |  | (2,454) |  |  | (1,411) |
Net cash used in investing activities | (11,668) |  |  | (2,454) |  |  | (181,411) |
Financing activities: |  |  |  |  |
Proceeds from subordinated debt and other borrowings, net of issuance costs | — |  |  | (93) |  |  | 316,078 |
Repayment of subordinated debt and other borrowings | (120,000) |  |  | (80,000) |  |  | (49,880) |
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes | (3,790) |  |  | (2,488) |  |  | — |
Exercise of common stock options, net of shares surrendered for taxes | (3,130) |  |  | (2,577) |  |  | (3,694) |
Issuance of preferred stock, net of issuance costs | — |  |  | 217,126 |  |  | — |
Repurchase of common stock | — |  |  | (50,790) |  |  | (61,416) |
Common dividends paid | (55,504) |  |  | (49,389) |  |  | (49,828) |
Preferred stock dividends paid | (15,192) |  |  | (7,596) |  |  | — |
Net cash provided by (used in) financing activities | (197,616) |  |  | 24,193 |  |  | 151,260 |
Net increase (decrease) in cash | (91,234) |  |  | 93,797 |  |  | 88,048 |
Cash and cash equivalents, beginning of year | 275,888 |  |  | 182,091 |  |  | 94,043 |
Cash and cash equivalents, end of year | $ | 184,654 |  |  | $ | 275,888 |  |  | $ | 182,091 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration