v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred stock
Common stock
Surplus
Treasury stock
Retained earnings
Accumulated other comprehensive loss
Beginning balance at Dec. 31, 2023 $ 5,399,526 $ 412,500 $ 61,269 $ 1,943,806 $ (2,217) $ 3,345,399 $ (361,231)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 339,682         339,682  
Other comprehensive Income (loss), net of tax (150,967)           (150,967)
Cash dividends declared on common stock (55,483)         (55,483)  
Dividends on Series D and E preferred stock (13,982)         (13,982)  
Stock-based compensation 18,107     18,107      
Common stock issued for:              
Exercise of stock options 25   1 24      
Restricted stock awards (3,539)   523 (519) (3,543)    
Employee stock purchase plan 1,643   17 1,626      
Director compensation plan 1,616   15 1,601      
Ending balance at Jun. 30, 2024 5,536,628 412,500 61,825 1,964,645 (5,760) 3,615,616 (512,198)
Beginning balance at Mar. 31, 2024 5,436,400 412,500 61,798 1,954,532 (5,757) 3,498,475 (485,148)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 152,388         152,388  
Other comprehensive Income (loss), net of tax (27,050)           (27,050)
Cash dividends declared on common stock (28,256)         (28,256)  
Dividends on Series D and E preferred stock (6,991)         (6,991)  
Stock-based compensation 8,950     8,950      
Common stock issued for:              
Restricted stock awards (35)   18 (50) (3)    
Employee stock purchase plan 902   9 893      
Director compensation plan 320     320      
Ending balance at Jun. 30, 2024 5,536,628 412,500 61,825 1,964,645 (5,760) 3,615,616 (512,198)
Beginning balance at Dec. 31, 2024 6,344,297 412,500 66,560 2,482,561 (6,153) 3,897,164 (508,335)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 384,566         384,566  
Other comprehensive Income (loss), net of tax 142,102           142,102
Cash dividends declared on common stock (66,825)         (66,825)  
Dividends on Series D and E preferred stock (13,982)         (13,982)  
Stock-based compensation 20,575     20,575      
Issuance of Series F Preferred Stock 414,212 425,000   (10,788)      
Common stock issued for:              
Exercise of stock options 220   5 215      
Restricted stock awards (3,003)   425 (425) (3,003)    
Employee stock purchase plan 1,765   16 1,749      
Director compensation plan 1,769   19 1,750      
Ending balance at Jun. 30, 2025 7,225,696 837,500 67,025 2,495,637 (9,156) 4,200,923 (366,233)
Beginning balance at Mar. 31, 2025 6,600,537 412,500 67,007 2,494,347 (9,156) 4,045,854 (410,015)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 195,527         195,527  
Other comprehensive Income (loss), net of tax 43,782           43,782
Cash dividends declared on common stock (33,467)         (33,467)  
Dividends on Series D and E preferred stock (6,991)         (6,991)  
Stock-based compensation 10,164     10,164      
Issuance of Series F Preferred Stock 414,212 425,000   (10,788)      
Common stock issued for:              
Exercise of stock options 1     1      
Restricted stock awards 0   8 (8)      
Employee stock purchase plan 990   9 981      
Director compensation plan 941   1 940      
Ending balance at Jun. 30, 2025 $ 7,225,696 $ 837,500 $ 67,025 $ 2,495,637 $ (9,156) $ 4,200,923 $ (366,233)