v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock Series F Issued
Preferred Stock Series G Issued
Preferred Stock
Common Stock
Paid-In Capital
Retained Earnings
Retained Earnings
Preferred Stock Series F Issued
Retained Earnings
Preferred Stock Series G Issued
Treasury Stock, at cost
Accumulated Other Comprehensive (Loss), Net of Tax
Balance, beginning of period at Dec. 31, 2024 $ 9,133,214     $ 283,979 $ 1,828 $ 6,181,475 $ 3,759,158     $ (536,843) $ (556,383)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 485,765           485,765        
Other comprehensive (loss), net of tax 118,121                   118,121
Common stock dividends and equivalents (136,248)           (136,248)        
Preferred stock dividends   $ (3,938) $ (4,387)         $ (3,938) $ (4,387)    
Stock-based compensation 29,132         (26,343)       55,475  
Common shares acquired from stock compensation plan activity (22,190)                 (22,190)  
Common stock repurchase program [1] (261,852)                 (261,852)  
Balance, end of period at Jun. 30, 2025 9,337,617     283,979 1,828 6,155,132 4,100,350     (765,410) (438,262)
Balance, beginning of period at Mar. 31, 2025 9,204,154     283,979 1,828 6,140,885 3,913,169     (686,306) (449,401)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 258,848           258,848        
Other comprehensive (loss), net of tax 11,139                   11,139
Common stock dividends and equivalents (67,505)           (67,505)        
Preferred stock dividends   (1,969) (2,193)         (1,969) (2,193)    
Stock-based compensation 15,121         14,247       874  
Common shares acquired from stock compensation plan activity (408)                 (408)  
Common stock repurchase program [1] (79,570)                 (79,570)  
Balance, end of period at Jun. 30, 2025 9,337,617     283,979 1,828 6,155,132 4,100,350     (765,410) (438,262)
Balance, beginning of period at Dec. 31, 2025 9,492,236     283,979 1,828 6,183,434 4,477,744     (1,103,905) (350,844)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 503,020           503,020        
Other comprehensive (loss), net of tax (96,875)                   (96,875)
Common stock dividends and equivalents (129,661)           (129,661)        
Preferred stock dividends   (3,938) (4,387)         (3,938) (4,387)    
Stock-based compensation 31,198         (33,126)       64,324  
Common shares acquired from stock compensation plan activity (30,844)                 (30,844)  
Balance, end of period at Jun. 30, 2026 9,760,749     283,979 1,828 6,150,308 4,842,778     (1,070,425) (447,719)
Balance, beginning of period at Mar. 31, 2026 9,573,649     283,979 1,828 6,133,181 4,655,038     (1,069,828) (430,549)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 256,789           256,789        
Other comprehensive (loss), net of tax (17,170)                   (17,170)
Common stock dividends and equivalents (64,887)           (64,887)        
Preferred stock dividends   $ (1,969) $ (2,193)         $ (1,969) $ (2,193)    
Stock-based compensation 17,196         17,127       69  
Common shares acquired from stock compensation plan activity (666)                 (666)  
Balance, end of period at Jun. 30, 2026 $ 9,760,749     $ 283,979 $ 1,828 $ 6,150,308 $ 4,842,778     $ (1,070,425) $ (447,719)
[1] Includes an addition to Treasury Stock of $1.0 million and $2.3 million for the three and six months ended June 30, 2025, respectively, which reflects the 1% excise tax on net stock repurchases as imposed by the Inflation Reduction Act of 2022.