v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
Surplus
Retained earnings
Treasury stock
Accumulated other comprehensive (loss) income
Beginning balance at Dec. 31, 2023 $ 5,146,953 $ 1,048 $ 22,143 $ 4,843,399 $ 4,194,851 $ (2,018,957) $ (1,895,531)
Increase Decrease In Stockholders Equity              
Net income 103,283       103,283    
Issuance of stock 1,799     1,799      
Dividends declared:              
Common stock [1] (44,751)       (44,751)    
Preferred stock (353)       (353)    
Common stock purchases (3,576)         (3,576)  
Stock based compensation 11,614     2,268   9,346  
Other comprehensive income, net of tax (37,655)           (37,655)
Ending balance at Mar. 31, 2024 5,177,314 1,048 22,143 4,847,466 4,253,030 (2,013,187) (1,933,186)
Beginning balance at Dec. 31, 2024 5,613,066 1,048 22,143 4,908,693 4,570,957 (2,228,535) (1,661,240)
Increase Decrease In Stockholders Equity              
Net income 177,502       177,502    
Issuance of stock 1,770 1   1,769      
Dividends declared:              
Common stock [1] (48,409)       (48,409)    
Preferred stock (353)       (353)    
Common stock purchases [2] (125,980)         (125,980)  
Stock based compensation 10,846     2,424   8,422  
Other comprehensive income, net of tax 171,253           171,253
Ending balance at Mar. 31, 2025 $ 5,799,695 $ 1,049 $ 22,143 $ 4,912,886 $ 4,699,697 $ (2,346,093) $ (1,489,987)
[1]
Dividends declared per common share during the quarter ended March 31, 2025 - $
0.7
0 (2024 - $
0.62
).
[2]
Includes common stock
 
repurchases of $
122.3
 
million as
 
part of
 
a repurchase authorization
 
up to $
500
 
million. Refer
 
to Note
 
17 for additional
information.