v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Preferred Series A
Preferred Series B
Preferred Series C
Common Stock
Preferred Stock
Common Stock
Surplus
Retained Earnings
Retained Earnings
Preferred Series A
Retained Earnings
Preferred Series B
Retained Earnings
Preferred Series C
Accumulated Other Comprehensive Loss
Treasury Stock
Beginning balance at Dec. 31, 2024 $ 7,435,127         $ 354,345 $ 195,998 $ 5,442,070 $ 1,598,048       $ (155,334) $ 0
Beginning balance (in shares) at Dec. 31, 2024             558,786              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 106,058               106,058          
Other comprehensive income (loss), net of tax 27,082                       27,082  
Cash dividends declared:                            
Cash dividends declared on preferred stock   $ (1,797) $ (2,065) $ (3,094)           $ (1,797) $ (2,065) $ (3,094)    
Cash dividends declared on common stock (62,460)               (62,460)          
Effect of stock incentive plan, net (in shares)             1,492              
Effect of stock incentive plan, net 3,208           $ 522 2,686            
Common stock repurchased (in shares)             (250)              
Common stock repurchased (2,162)                         (2,162)
Ending balance at Mar. 31, 2025 7,499,897         354,345 $ 196,520 5,444,756 1,634,690       (128,252) (2,162)
Ending balance (in shares) at Mar. 31, 2025             560,028              
Beginning balance at Dec. 31, 2024 7,435,127         354,345 $ 195,998 5,442,070 1,598,048       (155,334) 0
Beginning balance (in shares) at Dec. 31, 2024             558,786              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 239,225                          
Ending balance at Jun. 30, 2025 7,575,421         354,345 $ 196,606 5,451,543 1,694,903       (119,889) (2,087)
Ending balance (in shares) at Jun. 30, 2025             560,282              
Beginning balance at Mar. 31, 2025 7,499,897         354,345 $ 196,520 5,444,756 1,634,690       (128,252) (2,162)
Beginning balance (in shares) at Mar. 31, 2025             560,028              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 133,167               133,167          
Other comprehensive income (loss), net of tax 8,363                       8,363  
Cash dividends declared:                            
Cash dividends declared on preferred stock   (1,797) (2,057) (3,094)           (1,797) (2,057) (3,094)    
Cash dividends declared on common stock (62,466)               (62,466)          
Effect of stock incentive plan, net (in shares)             504              
Effect of stock incentive plan, net 5,572           $ 86 6,787 (3,540)         2,239
Common stock repurchased (in shares)             (250)              
Common stock repurchased (2,164)                         (2,164)
Ending balance at Jun. 30, 2025 7,575,421         354,345 $ 196,606 5,451,543 1,694,903       (119,889) (2,087)
Ending balance (in shares) at Jun. 30, 2025             560,282              
Beginning balance at Dec. 31, 2025 7,807,698         354,345 $ 196,730 5,464,845 1,912,933       (74,379) (46,776)
Beginning balance (in shares) at Dec. 31, 2025             556,618              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 163,913               163,913          
Other comprehensive income (loss), net of tax (23,224)                       (23,224)  
Cash dividends declared:                            
Cash dividends declared on preferred stock   (2,242) (1,881) (3,094)           (2,242) (1,881) (3,094)    
Cash dividends declared on common stock         $ (61,829)       (61,829)          
Effect of stock incentive plan, net (in shares)             1,699              
Effect of stock incentive plan, net 1,204             (13,110) (4,752)         19,066
Common stock repurchased (in shares)             (4,000)              
Common stock repurchased (52,102)                         (52,102)
Ending balance at Mar. 31, 2026 7,828,443         354,345 $ 196,730 5,451,735 2,003,048       (97,603) (79,812)
Ending balance (in shares) at Mar. 31, 2026             554,317              
Beginning balance at Dec. 31, 2025 7,807,698         354,345 $ 196,730 5,464,845 1,912,933       (74,379) (46,776)
Beginning balance (in shares) at Dec. 31, 2025             556,618              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 334,798                          
Ending balance at Jun. 30, 2026 7,917,144         354,345 $ 196,730 5,458,768 2,103,922       (99,617) (97,004)
Ending balance (in shares) at Jun. 30, 2026             553,069              
Beginning balance at Mar. 31, 2026 7,828,443         354,345 $ 196,730 5,451,735 2,003,048       (97,603) (79,812)
Beginning balance (in shares) at Mar. 31, 2026             554,317              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 170,885               170,885          
Other comprehensive income (loss), net of tax (2,014)                       (2,014)  
Cash dividends declared:                            
Cash dividends declared on preferred stock   $ (2,295) $ (1,927) $ (3,094)           $ (2,295) $ (1,927) $ (3,094)    
Cash dividends declared on common stock (61,673)               (61,673)          
Effect of stock incentive plan, net (in shares)             252              
Effect of stock incentive plan, net 9,080             7,033 (1,022)         3,069
Common stock repurchased (in shares)             (1,500)              
Common stock repurchased (20,261)                         (20,261)
Ending balance at Jun. 30, 2026 $ 7,917,144         $ 354,345 $ 196,730 $ 5,458,768 $ 2,103,922       $ (99,617) $ (97,004)
Ending balance (in shares) at Jun. 30, 2026             553,069