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Parent Company Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Statements of Condition | Condensed Statements of Condition
|  | December 31, |
(in thousands) |  | 2018 |  |  | 2017 |
ASSETS: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 228,618 |  |  | $ | 90,536 |
Investments in subsidiaries |  |  | 7,064,341 |  |  |  | 7,050,139 |
Receivables from subsidiaries |  |  | 6,455 |  |  |  | 4,750 |
Other assets |  |  | 23,724 |  |  |  | 23,980 |
Total assets |  | $ | 7,323,138 |  |  | $ | 7,169,405 |
LIABILITIES AND STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 359,508 |  |  | $ | 359,179 |
Subordinated notes |  |  | 294,697 |  |  |  | — |
Other liabilities |  |  | 13,698 |  |  |  | 14,850 |
Total liabilities |  |  | 667,903 |  |  |  | 374,029 |
Stockholders’ equity |  |  | 6,655,235 |  |  |  | 6,795,376 |
Total liabilities and stockholders’ equity |  | $ | 7,323,138 |  |  | $ | 7,169,405 |
Condensed Statements of Income (Loss) | Condensed Statements of Income
|  | Years Ended December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
Interest income |  | $ | 500 |  |  | $ | 943 |  |  | $ | 527 |
Dividends received from subsidiaries |  |  | 380,000 |  |  |  | 336,000 |  |  |  | 330,000 |
Other income |  |  | 793 |  |  |  | 1,700 |  |  |  | 679 |
Gross income |  |  | 381,293 |  |  |  | 338,643 |  |  |  | 331,206 |
Operating expenses |  |  | 59,372 |  |  |  | 54,333 |  |  |  | 49,157 |
Income before income tax benefit and equity in underdistributed earnings of subsidiaries |  |  | 321,921 |  |  |  | 284,310 |  |  |  | 282,049 |
Income tax benefit |  |  | 16,616 |  |  |  | 19,575 |  |  |  | 19,592 |
Income before equity in underdistributed (overdistributed) earnings of subsidiaries |  |  | 338,537 |  |  |  | 303,885 |  |  |  | 301,641 |
Equity in underdistributed earnings of subsidiaries |  |  | 83,880 |  |  |  | 162,316 |  |  |  | 193,760 |
Net income |  | $ | 422,417 |  |  | $ | 466,201 |  |  | $ | 495,401 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
|  | Years Ended December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 422,417 |  |  | $ | 466,201 |  |  | $ | 495,401 |
Change in other assets |  |  | 256 |  |  |  | 10,122 |  |  |  | 316 |
Change in other liabilities |  |  | (1,152 | ) |  |  | (36,226 | ) |  |  | (2,252 | )
Other, net |  |  | 36,677 |  |  |  | 36,330 |  |  |  | 33,333 |
Equity in underdistributed earnings of subsidiaries |  |  | (83,880 | ) |  |  | (162,316 | ) |  |  | (193,760 | )
Net cash provided by operating activities |  | $ | 374,318 |  |  | $ | 314,111 |  |  | $ | 333,038 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and repayments of securities |  | $ | — |  |  | $ | 2,000 |  |  | $ | — |
Change in receivable from subsidiaries, net |  |  | (1,705 | ) |  |  | 3,089 |  |  |  | (204 | )
Investment in subsidiaries |  |  | — |  |  |  | (420,000 | ) |  |  | — |
Net cash used in investing activities |  |  | (1,705 | ) |  |  | (414,911 | ) |  | $ | (204 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Treasury stock repurchased |  | $ | (163,249 | ) |  | $ | (18,463 | ) |  | $ | (8,677 | )
Cash dividends paid on common and preferred stock |  |  | (365,889 | ) |  |  | (356,768 | ) |  |  | (330,810 | )
Proceeds from issuance of preferred stock |  |  | — |  |  |  | 502,840 |  |  |  | — |
Proceeds from issuance of subordinated notes |  |  | 294,607 |  |  |  | — |  |  |  | — |
Net cash (used in) provided by financing activities |  |  | (234,531 | ) |  | $ | 127,609 |  |  | $ | (339,487 | )
Net increase (decrease) in cash and cash equivalents |  |  | 138,082 |  |  |  | 26,809 |  |  |  | (6,653 | )
Cash and cash equivalents at beginning of year |  |  | 90,536 |  |  |  | 63,727 |  |  |  | 70,380 |
Cash and cash equivalents at end of year |  | $ | 228,618 |  |  | $ | 90,536 |  |  | $ | 63,727 |

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