v3.26.1
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, 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    
Issuances of common 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)
Beginning balance at Dec. 31, 2025 6,249,079 1,049 22,143 4,924,296 5,206,497 (2,722,819) (1,182,087)
Increase Decrease In Stockholders Equity              
Net income 245,674       245,674    
Issuances of common stock 1,824     1,824      
Dividends declared:              
Common stock [1] (48,665)       (48,665)    
Preferred stock (353)       (353)    
Common stock purchases [3] (160,228)         (160,228)  
Stock based compensation 10,333     2,516   7,817  
Other comprehensive income, net of tax 13,399           13,399
Other adjustments 23       23    
Ending balance at Mar. 31, 2026 $ 6,311,086 $ 1,049 $ 22,143 $ 4,928,636 $ 5,403,176 $ (2,875,230) $ (1,168,688)
[1]
Dividends declared per common share during the quarter
 
ended March 31, 2026 - $
0.75
 
(2025 - $
0.70
).
[2]
Includes common
 
stock repurchases
 
of $
122.3
 
million as
 
part of
 
the 2024
 
common stock
 
repurchase program.
 
Refer to
 
Note 15
 
for additional
information.
[3]
Includes common
 
stock repurchases
 
of $
155.2
 
million as
 
part of
 
the 2025
 
common stock
 
repurchase program.
 
Refer to
 
Note 15
 
for additional
information.