v3.26.1
Note 10 - Stockholders' Equity
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Equity [Text Block]

10. Stockholders Equity

 

Total equity was $3.05 billion as of June 30, 2026, an increase of $121.2 million, from $2.93 billion as of December 31, 2025, primarily due to net income of $179.1 million, other comprehensive income of $16.1 million, stock-based compensation of $3.9 million, stock issued to directors of $0.9 million, and proceeds from dividend reinvestment of $1.3 million, offset by common stock cash dividends of $50.9 million, purchase of treasury stock of $26.8 million, and shares withheld related to net share settlement of RSUs of $2.4 million. 

 

Activity in accumulated other comprehensive income/(loss), net of tax, and reclassification out of accumulated other comprehensive income/(loss) for the three and six months ended June 30, 2026, and June 30, 2025, was as follows:

 

  

Three Months Ended June 30, 2026

  

Three Months Ended June 30, 2025

 
  

Pre-tax

  

Tax expense

  

Net-of-tax

  

Pre-tax

  

Tax expense

  

Net-of-tax

 
  

($ In thousands)

 

Beginning balance, loss, net of tax

                        

Securities AFS

         $(44,178)         $(71,747)

Total

         $(44,178)         $(71,747)
                         

Net unrealized (losses)/gains on AFS securities arising during the period

  (2,229)  (659)  (1,570)  3,585   1,060   2,525 
                         

Reclassification adjustment for net losses on AFS securities in net income

  10,554   3,120   7,434   -   -   - 
                         

Ending balance, loss, net of tax

                        

Securities AFS

         $(38,314)         $(69,222)

Total

         $(38,314)         $(69,222)

 

  

Six Months Ended June 30, 2026

  

Six Months Ended June 30, 2025

 
  

Pre-tax

  

Tax expense

  

Net-of-tax

  

Pre-tax

  

Tax expense/ (benefit)

  

Net-of-tax

 
  

($ In thousands)

 

Beginning balance, (loss)/gain, net of tax

                        

Securities AFS

         $(54,400)         $(85,607)

Total

         $(54,400)         $(85,607)
                         
                         

Net unrealized (losses)/ gains on AFS securities arising during the period

  (3,403)  (1,006)  (2,397) $23,261  $6,876  $16,385 
                         

Reclassification adjustment for net losses on AFS securities in net income

  26,239   7,756   18,483   -   -   - 
                         
                         
                         
                         

Ending balance, loss, net of tax

                        

Securities AFS

         $(38,314)         $(69,222)

Total

         $(38,314)         $(69,222)