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Parent Company Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Condensed Statements of Condition | Condensed Statements of Condition
|  | December 31, |
(in thousands) |  | 2017 |  |  | 2016 |
ASSETS: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 90,536 |  |  | $ | 63,727 |
Securities available for sale |  |  | — |  |  |  | 2,002 |
Investments in subsidiaries |  |  | 7,050,139 |  |  |  | 6,426,276 |
Receivables from subsidiaries |  |  | 4,750 |  |  |  | 7,839 |
Other assets |  |  | 23,980 |  |  |  | 34,102 |
Total assets |  | $ | 7,169,405 |  |  | $ | 6,533,946 |
LIABILITIES AND STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 359,179 |  |  | $ | 358,879 |
Other liabilities |  |  | 14,850 |  |  |  | 51,076 |
Total liabilities |  |  | 374,029 |  |  |  | 409,955 |
Stockholders’ equity |  |  | 6,795,376 |  |  |  | 6,123,991 |
Total liabilities and stockholders’ equity |  | $ | 7,169,405 |  |  | $ | 6,533,946 |
Condensed Statements of Income (Loss) | Condensed Statements of Income (Loss)
|  | Years Ended December 31, |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Interest income |  | $ | 943 |  |  | $ | 527 |  |  | $ | 1,027 |
Dividends received from subsidiaries |  |  | 336,000 |  |  |  | 330,000 |  |  |  | 345,000 |
Other income |  |  | 1,700 |  |  |  | 679 |  |  |  | 527 |
Gross income |  |  | 338,643 |  |  |  | 331,206 |  |  |  | 346,554 |
Operating expenses |  |  | 54,333 |  |  |  | 49,157 |  |  |  | 48,255 |
Income before income tax benefit and equity in underdistributed (overdistributed) earnings of subsidiaries |  |  | 284,310 |  |  |  | 282,049 |  |  |  | 298,299 |
Income tax benefit |  |  | 19,575 |  |  |  | 19,592 |  |  |  | 20,720 |
Income before equity in underdistributed (overdistributed) earnings of subsidiaries |  |  | 303,885 |  |  |  | 301,641 |  |  |  | 319,019 |
Equity in underdistributed (overdistributed) earnings of subsidiaries |  |  | 162,316 |  |  |  | 193,760 |  |  |  | (366,175 | )
Net income (loss) |  | $ | 466,201 |  |  | $ | 495,401 |  |  | $ | (47,156 | )
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
|  | Years Ended December 31, |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 466,201 |  |  | $ | 495,401 |  |  | $ | (47,156 | )
Change in other assets |  |  | 10,122 |  |  |  | 316 |  |  |  | (2,253 | )
Change in other liabilities |  |  | (36,226 | ) |  |  | (2,252 | ) |  |  | 22,236 |
Other, net |  |  | 36,330 |  |  |  | 33,333 |  |  |  | 32,955 |
Equity in (underdistributed) overdistributed earnings of subsidiaries |  |  | (162,316 | ) |  |  | (193,760 | ) |  |  | 366,175 |
Net cash provided by operating activities |  | $ | 314,110 |  |  | $ | 333,038 |  |  | $ | 371,957 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and repayments of securities |  | $ | 2,000 |  |  | $ | — |  |  | $ | — |
Change in receivable from subsidiaries, net |  |  | 3,089 |  |  |  | (204 | ) |  |  | 224 |
Investment in subsidiaries |  |  | (420,000 | ) |  |  | — |  |  |  | (560,000 | )
Net cash used in investing activities |  |  | (414,911 | ) |  | $ | (204 | ) |  | $ | (559,776 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Treasury stock purchases |  | $ | (18,463 | ) |  | $ | (8,677 | ) |  | $ | (7,020 | )
Cash dividends paid on common and preferred stock |  |  | (356,768 | ) |  |  | (330,810 | ) |  |  | (453,981 | )
Proceeds from issuance of preferred stock |  |  | 502,840 |  |  |  | — |  |  |  | — |
Proceeds from follow-on common stock offering, net |  |  | — |  |  |  | — |  |  |  | 629,682 |
Net cash provided by (used in) financing activities |  | $ | 127,609 |  |  | $ | (339,487 | ) |  | $ | 168,681 |
Net increase (decrease) in cash and cash equivalents |  |  | 26,809 |  |  |  | (6,653 | ) |  |  | (19,138 | )
Cash and cash equivalents at beginning of year |  |  | 63,727 |  |  |  | 70,380 |  |  |  | 89,518 |
Cash and cash equivalents at end of year |  | $ | 90,536 |  |  | $ | 63,727 |  |  | $ | 70,380 |

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