v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY — UNAUDITED - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance, preferred stock (in shares) at Dec. 31, 2024   5,700,000          
Beginning balance at Dec. 31, 2024 $ 1,836,683 $ 137,794 $ 35,758 $ 575,333 $ 1,326,011 $ (96,560) $ (141,653)
Beginning balance, common stock (in shares) at Dec. 31, 2024     31,346,507        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 73,851       73,851    
Other comprehensive income (loss) 25,235         25,235  
Preferred stock dividends [1] (6,574)       (6,574)    
Redemption of preferred stock (shares) [2]   (2,300,000)          
Redemption of preferred stock [2] (55,593) $ (55,593)          
Loss on redemption of preferred stock [2] (1,908)       (1,908)    
Share-based compensation expense 8,737     8,737      
Issuance of common stock under share-based compensation arrangements (in shares)     364,633        
Issuance of common stock under share-based compensation arrangements (11,232)   $ 365 (11,597)      
Repurchase of common shares (in shares)     (104,206)        
Repurchase of common shares (5,641)           (5,641)
Ending balance, preferred stock (in shares) at Jun. 30, 2025   3,400,000          
Ending balance at Jun. 30, 2025 1,863,558 $ 82,201 $ 36,123 572,473 1,391,380 (71,325) (147,294)
Ending balance, common stock (in shares) at Jun. 30, 2025     31,606,934        
Beginning balance, preferred stock (in shares) at Mar. 31, 2025   5,700,000          
Beginning balance at Mar. 31, 2025 1,864,560 $ 137,794 $ 35,995 570,172 1,335,534 (67,641) (147,294)
Beginning balance, common stock (in shares) at Mar. 31, 2025     31,479,132        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 60,939       60,939    
Other comprehensive income (loss) (3,684)         (3,684)  
Preferred stock dividends [3] (3,185)       (3,185)    
Redemption of preferred stock (shares) [4]   (2,300,000)          
Redemption of preferred stock [4] (55,593) $ (55,593)          
Loss on redemption of preferred stock [4] (1,908)       (1,908)    
Share-based compensation expense 4,442     4,442      
Issuance of common stock under share-based compensation arrangements (in shares)     127,802        
Issuance of common stock under share-based compensation arrangements (2,013)   $ 128 (2,141)      
Ending balance, preferred stock (in shares) at Jun. 30, 2025   3,400,000          
Ending balance at Jun. 30, 2025 1,863,558 $ 82,201 $ 36,123 572,473 1,391,380 (71,325) (147,294)
Ending balance, common stock (in shares) at Jun. 30, 2025     31,606,934        
Beginning balance, preferred stock (in shares) at Dec. 31, 2025   0          
Beginning balance at Dec. 31, 2025 $ 2,115,517 $ 0 $ 36,189 666,756 1,535,194 (54,050) (68,572)
Beginning balance, common stock (in shares) at Dec. 31, 2025 34,191,223   34,191,223        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 141,213       141,213    
Other comprehensive income (loss) (4,296)         (4,296)  
Share-based compensation expense 11,844     11,844      
Issuance of common stock under share-based compensation arrangements (in shares)     295,847        
Issuance of common stock under share-based compensation arrangements (9,190)   $ 296 (9,486)      
Repurchase of common shares (in shares)     (714,472)        
Repurchase of common shares (49,396)           (49,396)
Ending balance, preferred stock (in shares) at Jun. 30, 2026   0          
Ending balance at Jun. 30, 2026 $ 2,205,692 $ 0 $ 36,485 669,114 1,676,407 (58,346) (117,968)
Ending balance, common stock (in shares) at Jun. 30, 2026 33,772,598   33,772,598        
Beginning balance, preferred stock (in shares) at Mar. 31, 2026   0          
Beginning balance at Mar. 31, 2026 $ 2,144,300 $ 0 $ 36,312 669,112 1,604,847 (54,657) (111,314)
Beginning balance, common stock (in shares) at Mar. 31, 2026     33,692,632        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 71,560       71,560    
Other comprehensive income (loss) (3,689)         (3,689)  
Share-based compensation expense 6,013     6,013      
Issuance of common stock under share-based compensation arrangements (in shares)     172,770        
Issuance of common stock under share-based compensation arrangements (5,838)   $ 173 (6,011)      
Repurchase of common shares (in shares)     (92,804)        
Repurchase of common shares (6,654)           (6,654)
Ending balance, preferred stock (in shares) at Jun. 30, 2026   0          
Ending balance at Jun. 30, 2026 $ 2,205,692 $ 0 $ 36,485 $ 669,114 $ 1,676,407 $ (58,346) $ (117,968)
Ending balance, common stock (in shares) at Jun. 30, 2026 33,772,598   33,772,598        
[1] Dividends per share of $1.229832 and $1.182057 were declared on Series E and F preferred stock, respectively, for the six months ended June 30, 2025.
[2] Refer to NOTE 11 – SHAREHOLDERS’ EQUITY for additional information about the redemption of Series E Preferred Stock.
[3] Dividends per share of $0.613042 and $0.589155 were declared on Series E and F preferred stock, respectively, for the three months ended June 30, 2025.
[4] Refer to NOTE 11 – SHAREHOLDERS’ EQUITY for additional information about the redemption of Series E Preferred Stock.