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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 (shares) at Dec. 31, 2022   5,700,000          
Beginning balance at Dec. 31, 2022 $ 1,402,961 $ 137,794 $ 35,012 $ 551,721 $ 924,134 $ (163,096) $ (82,604)
Beginning balance, common stock (shares) at Dec. 31, 2022     32,373,697        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 101,295       101,295    
Other comprehensive income (loss) (5,080)         (5,080)  
Preferred stock dividends [1] (7,023)       (7,023)    
Share-based compensation expense 6,468     6,468      
Issuance of common stock under share-based compensation arrangements (shares)     288,504        
Issuance of common stock under share-based compensation arrangements (2,163)   $ 289 (2,452)      
Repurchase of common shares (in shares)     (1,379,883)        
Repurchase of common shares (39,806)           (39,806)
Ending balance, preferred stock (shares) at Jun. 30, 2023   5,700,000          
Ending balance at Jun. 30, 2023 1,456,652 $ 137,794 $ 35,301 555,737 1,018,406 (168,176) (122,410)
Ending balance, common stock (shares) at Jun. 30, 2023     31,282,318        
Beginning balance, preferred stock (shares) at Mar. 31, 2023   5,700,000          
Beginning balance at Mar. 31, 2023 1,421,020 $ 137,794 $ 35,258 552,255 974,399 (156,276) (122,410)
Beginning balance, common stock (shares) at Mar. 31, 2023     31,239,750        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 47,574       47,574    
Other comprehensive income (loss) (11,900)         (11,900)  
Preferred stock dividends [2] (3,567)       (3,567)    
Share-based compensation expense 3,488     3,488      
Issuance of common stock under share-based compensation arrangements (shares)     42,568        
Issuance of common stock under share-based compensation arrangements 37   $ 43 (6)      
Ending balance, preferred stock (shares) at Jun. 30, 2023   5,700,000          
Ending balance at Jun. 30, 2023 $ 1,456,652 $ 137,794 $ 35,301 555,737 1,018,406 (168,176) (122,410)
Ending balance, common stock (shares) at Jun. 30, 2023     31,282,318        
Beginning balance, preferred stock (shares) at Dec. 31, 2023 5,700,000 5,700,000          
Beginning balance at Dec. 31, 2023 $ 1,638,394 $ 137,794 $ 35,459 564,538 1,159,582 (136,569) (122,410)
Beginning balance, common stock (shares) at Dec. 31, 2023 31,440,906   31,440,906        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 107,811       107,811    
Other comprehensive income (loss) 5,211         5,211  
Preferred stock dividends [1] (7,585)       (7,585)    
Share-based compensation expense 7,246     7,246      
Issuance of common stock under share-based compensation arrangements (shares)     226,749        
Issuance of common stock under share-based compensation arrangements $ (4,212)   $ 227 (4,439)      
Repurchase of common shares (in shares) (1,379,883)            
Repurchase of common shares $ (39,800)            
Ending balance, preferred stock (shares) at Jun. 30, 2024 5,700,000 5,700,000          
Ending balance at Jun. 30, 2024 $ 1,746,865 $ 137,794 $ 35,686 567,345 1,259,808 (131,358) (122,410)
Ending balance, common stock (shares) at Jun. 30, 2024 31,667,655   31,667,655        
Beginning balance, preferred stock (shares) at Mar. 31, 2024   5,700,000          
Beginning balance at Mar. 31, 2024 $ 1,691,617 $ 137,794 $ 35,540 567,490 1,205,508 (132,305) (122,410)
Beginning balance, common stock (shares) at Mar. 31, 2024     31,521,931        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 58,085       58,085    
Other comprehensive income (loss) 947         947  
Preferred stock dividends [2] (3,785)       (3,785)    
Share-based compensation expense 3,270     3,270      
Issuance of common stock under share-based compensation arrangements (shares)     145,724        
Issuance of common stock under share-based compensation arrangements $ (3,269)   $ 146 (3,415)      
Repurchase of common shares (in shares) 0            
Ending balance, preferred stock (shares) at Jun. 30, 2024 5,700,000 5,700,000          
Ending balance at Jun. 30, 2024 $ 1,746,865 $ 137,794 $ 35,686 $ 567,345 $ 1,259,808 $ (131,358) $ (122,410)
Ending balance, common stock (shares) at Jun. 30, 2024 31,667,655   31,667,655        
[1] Dividends per share of $1.382118 and $1.333556 were declared on Series E and F preferred stock, respectively, for the six months ended June 30, 2024. Dividends per share of $1.258604 and $1.210829 were declared on Series E and F preferred stock, respectively, for the six months ended June 30, 2023.
[2] Dividends per share of $0.700488 and $0.675813 were declared on Series E and F preferred stock, respectively, for the three months ended June 30, 2024. Dividends per share of $0.639291 and $0.615141 were declared on Series E and F preferred stock, respectively, for the three months ended June 30, 2023.