v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Noncontrolling Interest
Beginning balance at Dec. 31, 2023 $ 5,144,148 $ 537,145 $ 171,360 $ 3,955,819 $ (944,484) $ (1,117,073) $ 2,517,226 $ 24,155
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 109,390           110,479 (1,089)
Other comprehensive income (loss), net of income taxes 66,699         66,699    
Cash dividends declared on common stock (110,420)           (110,420)  
Cash dividends declared on preferred stock [1] (19,398)           (19,398)  
Repurchases of common stock including costs to repurchase (121,755)       (121,755)      
Restricted share unit vesting and taxes paid related to net share settlement (10,629)   488 (8,617)     (2,500)  
Stock options exercised, net 2,127   88 2,039        
Share-based compensation expense 16,510     16,510        
Ending balance at Jun. 30, 2024 5,076,672 537,145 171,936 3,965,751 (1,066,239) (1,050,374) 2,495,387 23,066
Beginning balance at Mar. 31, 2024 5,041,636 537,145 171,873 3,957,576 (974,499) (1,248,194) 2,574,017 23,718
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (14,680)           (14,028) (652)
Other comprehensive income (loss), net of income taxes 197,820         197,820    
Cash dividends declared on common stock (54,781)           (54,781)  
Cash dividends declared on preferred stock [2] (9,713)           (9,713)  
Repurchases of common stock including costs to repurchase (91,740)       (91,740)      
Restricted share unit vesting and taxes paid related to net share settlement (204)   28 (124)     (108)  
Stock options exercised, net 793   35 758        
Share-based compensation expense 7,541     7,541        
Ending balance at Jun. 30, 2024 5,076,672 537,145 171,936 3,965,751 (1,066,239) (1,050,374) 2,495,387 23,066
Beginning balance at Dec. 31, 2024 5,266,251 537,145 172,186 3,986,729 (1,216,827) (970,765) 2,736,089 21,694
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 411,991           412,729 (738)
Other comprehensive income (loss), net of income taxes 231,544         231,544    
Cash dividends declared on common stock (108,719)           (108,719)  
Cash dividends declared on preferred stock [1] (22,718)           (22,718)  
Repurchases of common stock including costs to repurchase (142,286)       (142,286)      
Restricted share unit vesting and taxes paid related to net share settlement (15,142)   496 (12,368)     (3,270)  
Stock options exercised, net 529   21 508        
Share-based compensation expense 17,192     17,192        
Ending balance at Jun. 30, 2025 5,638,642 537,145 172,703 3,992,061 (1,359,113) (739,221) 3,014,111 20,956
Beginning balance at Mar. 31, 2025 5,412,303 537,145 172,660 3,983,395 (1,337,676) (826,718) 2,861,945 21,552
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 217,119           217,715 (596)
Other comprehensive income (loss), net of income taxes 87,497         87,497    
Cash dividends declared on common stock (53,998)           (53,998)  
Cash dividends declared on preferred stock [2] (11,395)           (11,395)  
Repurchases of common stock including costs to repurchase (21,437)       (21,437)      
Restricted share unit vesting and taxes paid related to net share settlement (178)   37 (59)     (156)  
Stock options exercised, net 175   6 169        
Share-based compensation expense 8,556     8,556        
Ending balance at Jun. 30, 2025 $ 5,638,642 $ 537,145 $ 172,703 $ 3,992,061 $ (1,359,113) $ (739,221) $ 3,014,111 $ 20,956
[1]     For the six months ended June 30, 2025, dividends per share were $1.00 for Series D and $1.05 for Series E Preferred Stock. For the six months ended June 30, 2024, dividends per share were $1.14 for Series D and $0.73 for Series E Preferred Stock.
[2] For the three months ended June 30, 2025, dividends per share were $0.51 for Series D and $0.52 for Series E Preferred Stock. For the three months ended June 30, 2024, dividends per share were $0.57 for Series D and $0.37 for Series E Preferred Stock.