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Condensed Parent Company Financial Statements (Tables) - Parent Company [Member]

12 Months Ended

Dec. 31, 2021

Schedule of Condensed Balance Sheet

BALANCE SHEETS


		December 31,
(in thousands)		2021				2020
ASSETS
Cash and due from banks		$	163,356			$	223,224
Investment in subsidiaries—Bank			2,636,220				2,675,923
Investment in subsidiaries—Nonbank			10,121				9,731
Securities available-for-sale, at fair value			—				—
Other assets			39,678				38,194
Total Assets		$	2,849,375			$	2,947,072
LIABILITIES
Junior subordinated debt owed to unconsolidated subsidiary trusts		$	132,860			$	167,290
Dividends payable and other liabilities			23,349				23,045
Total Liabilities			156,209				190,335
SHAREHOLDERS’ EQUITY			2,693,166				2,756,737
Total Liabilities and Shareholders’ Equity		$	2,849,375			$	2,947,072

Schedule of Condensed Income Statement

STATEMENTS OF INCOME


		For the years ended December 31,
(in thousands)		2021				2020				2019
Dividends from subsidiaries—Bank		$	250,500			$	64,000			$	102,000
Dividends from subsidiaries—Nonbank			1,800				1,200				4,471
Income from securities			—				(22	)			15
Other income			—				485				1,433
Total income			252,300				65,663				107,919
Interest expense			5,673				6,964				7,660
Other expense			5,698				5,415				8,807
Total expense			11,371				12,379				16,467
Income before income tax benefit and undistributed net income of subsidiaries			240,929				53,284				91,452
Income tax benefit			(4,163	)			(2,471	)			(3,207	)
Income before undistributed net income of subsidiaries			245,092				55,755				94,659
(Excess dividends) equity in undistributed net income of subsidiaries			(2,832	)			66,289				64,214
Net income			242,260				122,044				158,873
Preferred stock dividends			10,125				2,644				—
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS		$	232,135			$	119,400			$	158,873

Schedule of Condensed Cash Flow Statement

STATEMENTS OF CASH FLOWS


		For the years ended December 31,
(in thousands)		2021				2020				2019
OPERATING ACTIVITIES
Net income		$	242,260			$	122,044			$	158,873
Adjustments to reconcile net income to net cash provided by operating activities:
Excess dividends (equity in undistributed net income) of subsidiaries			2,832				(66,289	)			(64,214	)
(Increase) decrease in other assets			(1,453	)			121				(5,443	)
Net securities losses (gains)			—				22				(19	)
Other—net			7,984				5,865				6,898
Net cash provided by operating activities			251,623				61,763				96,095
INVESTING ACTIVITIES
Proceeds from sales—securities available-for-sale			—				203				1,007
Acquisitions and additional capitalization of subsidiaries, net of cash acquired			—				(35,000	)			62,112
Net cash (used in) provided by investing activities			—				(34,797	)			63,119
FINANCING ACTIVITIES
Repayment of subordinated and junior subordinated debt			(35,000	)			(6,702	)			(33,506	)
Issuance of common stock			—				59				72
Issuance of preferred stock			—				144,484				—
Treasury shares purchased—net			(179,882	)			(24,540	)			(10,211	)
Dividends paid to common and preferred shareholders			(96,609	)			(87,897	)			(66,572	)
Net cash (used in) provided by financing activities			(311,491	)			25,404				(110,217	)
Net (decrease) increase in cash and cash equivalents			(59,868	)			52,370				48,997
Cash and cash equivalents at beginning of year			223,224				170,854				121,857
Cash and cash equivalents at end of year		$	163,356			$	223,224			$	170,854