v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2024 $ 6,340,350 $ 230,500 $ 318,980 $ 4,570,865 $ 1,966,048 $ (746,043)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 144,659       144,659  
Other comprehensive income (loss) 97,534         97,534
Cash dividends:            
Common (44,653)       (44,653)  
Preferred (4,034)       (4,034)  
Common stock issued for Employee Stock Purchase Plan (“ESPP”) 250   12 238    
Common stock repurchased (13,538)   (611) (12,927)    
Share-based compensation expense 14,411     14,411    
Stock activity under incentive compensation plans (325)   855 (481) (699)  
Ending balance at Mar. 31, 2025 6,534,654 230,500 319,236 4,572,106 2,061,321 (648,509)
Beginning balance at Dec. 31, 2024 6,340,350 230,500 318,980 4,570,865 1,966,048 (746,043)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 270,067          
Other comprehensive income (loss) 146,435          
Common stock issued for merger, net 1,033,262          
Ending balance at Jun. 30, 2025 8,126,387 230,500 391,818 5,976,184 2,127,493 (599,608)
Beginning balance at Mar. 31, 2025 6,534,654 230,500 319,236 4,572,106 2,061,321 (648,509)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 125,408       125,408  
Other comprehensive income (loss) 48,901         48,901
Common stock issued for merger, net 1,033,262   50,183 983,079    
Cash dividends:            
Common (54,855)       (54,855)  
Preferred (4,033)       (4,033)  
Common stock issued for Employee Stock Purchase Plan (“ESPP”) 256   13 243    
Forward sale agreement 443,236   21,905 421,331    
Common stock repurchased (7,957)   (379) (7,578)    
Share-based compensation expense 7,739     7,739    
Stock activity under incentive compensation plans (224)   860 (736) (348)  
Ending balance at Jun. 30, 2025 8,126,387 230,500 391,818 5,976,184 2,127,493 (599,608)
Beginning balance at Dec. 31, 2025 8,494,788 230,500 389,662 5,944,533 2,408,764 (478,671)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 233,672       233,672  
Other comprehensive income (loss) (64,583)         (64,583)
Cash dividends:            
Common (56,060)       (56,060)  
Preferred (4,034)       (4,034)  
Common stock issued for Employee Stock Purchase Plan (“ESPP”) 326   15 311    
Common stock repurchased (104,072)   (4,298) (99,774)    
Share-based compensation expense 9,181     9,181    
Stock activity under incentive compensation plans 1,435   936 929 (430)  
Ending balance at Mar. 31, 2026 8,510,653 230,500 386,315 5,855,180 2,581,912 (543,254)
Beginning balance at Dec. 31, 2025 8,494,788 230,500 389,662 5,944,533 2,408,764 (478,671)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 487,086          
Other comprehensive income (loss) (79,470)          
Common stock issued for merger, net 0          
Ending balance at Jun. 30, 2026 8,583,843 230,500 382,537 5,753,603 2,775,344 (558,141)
Beginning balance at Mar. 31, 2026 8,510,653 230,500 386,315 5,855,180 2,581,912 (543,254)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 253,414       253,414  
Other comprehensive income (loss) (14,887)         (14,887)
Cash dividends:            
Common (55,556)       (55,556)  
Preferred (4,033)       (4,033)  
Common stock issued for Employee Stock Purchase Plan (“ESPP”) 343   17 326    
Common stock repurchased (115,336)   (4,809) (110,527)    
Share-based compensation expense 9,444     9,444    
Stock activity under incentive compensation plans (199)   1,014 (820) (393)  
Ending balance at Jun. 30, 2026 $ 8,583,843 $ 230,500 $ 382,537 $ 5,753,603 $ 2,775,344 $ (558,141)