v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY (unaudited) - USD ($)
$ in Thousands
Total
6.875% Non-Cumulative Preferred Stock, Series I
Class C non-voting common stock
Preferred Stock
Preferred Stock
6.875% Non-Cumulative Preferred Stock, Series I
Common Stock
Common Stock
Class C non-voting common stock
Additional Paid-in Capital
Additional Paid-in Capital
Class C non-voting common stock
Accumulated Other Comprehensive Loss
Retained Earnings
Beginning balance ( in shares) at Dec. 31, 2024       16,980,000   10,891,000          
Beginning Balance at Dec. 31, 2024 $ 1,489,026     $ 411,149   $ 10,891   $ 135,894   $ (12,147) $ 943,239
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net Income 49,651                   49,651
Other comprehensive (loss)/income net of tax 10,339                 10,339  
Cash dividends, preferred stock (5,666)                   (5,666)
Cash dividends, common stock (16,352)                   (16,352)
Issuance of Class C Common Stock (in shares)           42,000          
Issuance of Class C Common Stock 121         $ 42   79      
Stock-based compensation cost 3,529             3,529      
Other stock-based award activity (5,002)             (5,002)      
Ending balance (in shares) at Mar. 31, 2025       16,980,000   10,933,000          
Ending Balance at Mar. 31, 2025 1,525,646     $ 411,149   $ 10,933   134,500   (1,808) 970,872
Beginning balance ( in shares) at Dec. 31, 2024       16,980,000   10,891,000          
Beginning Balance at Dec. 31, 2024 1,489,026     $ 411,149   $ 10,891   135,894   (12,147) 943,239
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net Income 104,488                    
Other comprehensive (loss)/income net of tax (5,518)                    
Ending balance (in shares) at Jun. 30, 2025       16,980,000   10,934,000          
Ending Balance at Jun. 30, 2025 1,544,307     $ 411,149   $ 10,934   136,248   (17,665) 1,003,641
Beginning balance ( in shares) at Mar. 31, 2025       16,980,000   10,933,000          
Beginning Balance at Mar. 31, 2025 1,525,646     $ 411,149   $ 10,933   134,500   (1,808) 970,872
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net Income 54,837                   54,837
Other comprehensive (loss)/income net of tax (15,857)                 (15,857)  
Cash dividends, preferred stock (5,667)                   (5,667)
Cash dividends, common stock (16,401)                   (16,401)
Issuance of Class C Common Stock (in shares)           1,000          
Issuance of Class C Common Stock 81         $ 1   80      
Stock-based compensation cost 1,745             1,745      
Other stock-based award activity (77)             (77)      
Ending balance (in shares) at Jun. 30, 2025       16,980,000   10,934,000          
Ending Balance at Jun. 30, 2025 1,544,307     $ 411,149   $ 10,934   136,248   (17,665) 1,003,641
Beginning balance ( in shares) at Dec. 31, 2025       20,980,000   10,857,000          
Beginning Balance at Dec. 31, 2025 1,718,949     $ 507,993   $ 10,857   139,370   13,382 1,047,347
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net Income 59,123                   59,123
Other comprehensive (loss)/income net of tax (28,453)                 (28,453)  
Cash dividends, preferred stock (7,291)                   (7,291)
Cash dividends, common stock (17,341)                   (17,341)
Repurchase of Class C Common Stock (in shares)           (47,000)          
Repurchase of Class C Common Stock (7,178)         $ (47)         (7,131)
Issuance of Class C Common Stock (in shares)           39,000          
Issuance of Class C Common Stock 99         $ 39   60      
Stock-based compensation cost 3,004             3,004      
Other stock-based award activity (3,891)             (3,891)      
Ending balance (in shares) at Mar. 31, 2026       20,980,000   10,849,000          
Ending Balance at Mar. 31, 2026 1,717,021     $ 507,993   $ 10,849   138,543   (15,071) 1,074,707
Beginning balance ( in shares) at Dec. 31, 2025       20,980,000   10,857,000          
Beginning Balance at Dec. 31, 2025 1,718,949     $ 507,993   $ 10,857   139,370   13,382 1,047,347
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net Income 126,074                    
Other comprehensive (loss)/income net of tax $ (31,616)                    
Repurchase of Class C Common Stock (in shares) (47,319)                    
Repurchase of Class C Common Stock     $ (7,100)                
Ending balance (in shares) at Jun. 30, 2026       24,980,000   10,850,000          
Ending Balance at Jun. 30, 2026 $ 1,854,434     $ 604,757   $ 10,850   140,836   (18,234) 1,116,225
Beginning balance ( in shares) at Mar. 31, 2026       20,980,000   10,849,000          
Beginning Balance at Mar. 31, 2026 1,717,021     $ 507,993   $ 10,849   138,543   (15,071) 1,074,707
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net Income 66,951                   66,951
Other comprehensive (loss)/income net of tax (3,163)                 (3,163)  
Cash dividends, preferred stock (8,074)                   (8,074)
Cash dividends, common stock (17,359)                   (17,359)
Issuance of Class C Common Stock (in shares)         4,000,000   1,000        
Issuance of Class C Common Stock   $ 96,764 $ 62   $ 96,764   $ 1   $ 61    
Stock-based compensation cost 2,323             2,323      
Other stock-based award activity (91)             (91)      
Ending balance (in shares) at Jun. 30, 2026       24,980,000   10,850,000          
Ending Balance at Jun. 30, 2026 $ 1,854,434     $ 604,757   $ 10,850   $ 140,836   $ (18,234) $ 1,116,225