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Parent Company Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Statements of Condition | Condensed Statements of Condition
|  | December 31, |
(in thousands) |  | 2016 |  |  | 2015 |
ASSETS: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 63,727 |  |  | $ | 70,380 |
Securities available for sale |  |  | 2,002 |  |  |  | 1,968 |
Investments in subsidiaries |  |  | 6,426,276 |  |  |  | 6,232,228 |
Receivables from subsidiaries |  |  | 7,839 |  |  |  | 7,635 |
Other assets |  |  | 34,102 |  |  |  | 34,418 |
Total assets |  | $ | 6,533,946 |  |  | $ | 6,346,629 |
LIABILITIES AND STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 358,879 |  |  | $ | 358,605 |
Other liabilities |  |  | 51,076 |  |  |  | 53,328 |
Total liabilities |  |  | 409,955 |  |  |  | 411,933 |
Stockholders’ equity |  |  | 6,123,991 |  |  |  | 5,934,696 |
Total liabilities and stockholders’ equity |  | $ | 6,533,946 |  |  | $ | 6,346,629 |
Condensed Statements of Income (Loss) | Condensed Statements of Income (Loss)
|  | Years Ended December 31, |
(in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
Interest income |  | $ | 527 |  |  | $ | 1,027 |  |  | $ | 715 |
Dividends received from subsidiaries |  |  | 330,000 |  |  |  | 345,000 |  |  |  | 410,000 |
Gain on sales of securities |  |  | — |  |  |  | — |  |  |  | 261 |
Other income |  |  | 679 |  |  |  | 527 |  |  |  | 520 |
Gross income |  |  | 331,206 |  |  |  | 346,554 |  |  |  | 411,496 |
Operating expenses |  |  | 49,157 |  |  |  | 48,255 |  |  |  | 42,370 |
Income before income tax benefit and equity in underdistributed (overdistributed) earnings of subsidiaries |  |  | 282,049 |  |  |  | 298,299 |  |  |  | 369,126 |
Income tax benefit |  |  | 19,592 |  |  |  | 20,720 |  |  |  | 17,570 |
Income before equity in underdistributed (overdistributed) earnings of subsidiaries |  |  | 301,641 |  |  |  | 319,019 |  |  |  | 386,696 |
Equity in underdistributed (overdistributed) earnings of subsidiaries |  |  | 193,760 |  |  |  | (366,175 | ) |  |  | 98,701 |
Net income (loss) |  | $ | 495,401 |  |  | $ | (47,156 | ) |  | $ | 485,397 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
|  | Years Ended December 31, |
(in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 495,401 |  |  | $ | (47,156 | ) |  | $ | 485,397 |
Change in other assets |  |  | 316 |  |  |  | (2,253 | ) |  |  | 293 |
Change in other liabilities |  |  | (2,252 | ) |  |  | 22,236 |  |  |  | (2,807 | )
Other, net |  |  | 33,333 |  |  |  | 32,955 |  |  |  | 30,739 |
Equity in overdistributed (underdistributed) earnings of subsidiaries |  |  | (193,760 | ) |  |  | 366,175 |  |  |  | (98,701 | )
Net cash provided by operating activities |  | $ | 333,038 |  |  | $ | 371,957 |  |  | $ | 414,921 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and repayments of securities |  | $ | — |  |  | $ | — |  |  | $ | 566 |
Change in receivable from subsidiaries, net |  |  | (204 | ) |  |  | 224 |  |  |  | (2,707 | )
Investment in subsidiaries |  |  | — |  |  |  | (560,000 | ) |  |  | — |
Net cash used in investing activities |  | $ | (204 | ) |  | $ | (559,776 | ) |  | $ | (2,141 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Treasury stock purchases |  | $ | (8,677 | ) |  | $ | (7,020 | ) |  | $ | (7,283 | )
Cash dividends paid on common stock |  |  | (330,810 | ) |  |  | (453,981 | ) |  |  | (442,204 | )
Net cash received from exercise of stock options |  |  | — |  |  |  | — |  |  |  | 60 |
Proceeds from follow-on common stock offering ,net |  |  | — |  |  |  | 629,682 |  |  |  | — |
Net cash (used in) provided by financing activities |  | $ | (339,487 | ) |  | $ | 168,681 |  |  | $ | (449,427 | )
Net decrease in cash and cash equivalents |  |  | (6,653 | ) |  |  | (19,138 | ) |  |  | (36,647 | )
Cash and cash equivalents at beginning of year |  |  | 70,380 |  |  |  | 89,518 |  |  |  | 126,165 |
Cash and cash equivalents at end of year |  | $ | 63,727 |  |  | $ | 70,380 |  |  | $ | 89,518 |

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