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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Series A
Preferred Series B
Common Stock
Preferred Stock
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Surplus
Surplus
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Preferred Series A
Retained Earnings
Preferred Series B
Retained Earnings
Common Stock
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2022 $ 6,400,802 $ 990 $ 6,401,792       $ 209,691 $ 209,691 $ 178,185 $ 178,185   $ 4,980,231 $ 4,980,231 $ 1,218,445 $ 990 $ 1,219,435       $ (164,002) $ (164,002) $ (21,748) $ (21,748)
Beginning balance (in shares) at Dec. 31, 2022                 506,374 506,374                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 146,551                         146,551                  
Other comprehensive income (loss), net of tax 20,355                                     20,355      
Cash dividends declared:                                              
Cash dividends declared on preferred stock       $ (1,797) $ (2,077)                       $ (1,797) $ (2,077)          
Cash dividends declared on common stock           $ (56,488)                         $ (56,488)        
Effect of stock incentive plan, net (in shares)                 1,061                            
Effect of stock incentive plan, net (505)               $ 1     (12,569)   (3,994)               16,057  
Common stock issued (in shares)                     327                        
Common stock issued           3,750               (650)               4,400  
Ending balance at Mar. 31, 2023 6,511,581           209,691   $ 178,186     4,967,662   1,300,980           (143,647)   (1,291)  
Ending balance (in shares) at Mar. 31, 2023                 507,762                            
Beginning balance at Dec. 31, 2022 6,400,802 $ 990 $ 6,401,792       209,691 $ 209,691 $ 178,185 $ 178,185   4,980,231 $ 4,980,231 1,218,445 $ 990 $ 1,219,435       (164,002) $ (164,002) (21,748) $ (21,748)
Beginning balance (in shares) at Dec. 31, 2022                 506,374 506,374                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 285,611                                            
Ending balance at Jun. 30, 2023 6,575,184           209,691   $ 178,187     4,974,507   1,379,534           (164,747)   (1,988)  
Ending balance (in shares) at Jun. 30, 2023                 507,619                            
Beginning balance at Mar. 31, 2023 6,511,581           209,691   $ 178,186     4,967,662   1,300,980           (143,647)   (1,291)  
Beginning balance (in shares) at Mar. 31, 2023                 507,762                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 139,060                         139,060                  
Other comprehensive income (loss), net of tax (21,100)                                     (21,100)      
Cash dividends declared:                                              
Cash dividends declared on preferred stock       (1,797) (2,233)                       (1,797) (2,233)          
Cash dividends declared on common stock           (56,474)                         (56,474)        
Effect of stock incentive plan, net (in shares)                 157                            
Effect of stock incentive plan, net 8,239               $ 1     6,845   (2)               1,395  
Common stock repurchased (in shares)                 (300)                            
Common stock repurchased (2,092)                                         (2,092)  
Ending balance at Jun. 30, 2023 6,575,184           209,691   $ 178,187     4,974,507   1,379,534           (164,747)   (1,988)  
Ending balance (in shares) at Jun. 30, 2023                 507,619                            
Beginning balance at Dec. 31, 2023 6,701,391           209,691   $ 178,187     4,989,989   1,471,371           (146,456)   (1,391)  
Beginning balance (in shares) at Dec. 31, 2023                 507,710                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 96,280                         96,280                  
Other comprehensive income (loss), net of tax (10,392)                                     (10,392)      
Cash dividends declared:                                              
Cash dividends declared on preferred stock       (1,797) (2,322)                       (1,797) (2,322)          
Cash dividends declared on common stock           (56,794)                         (56,794)        
Effect of stock incentive plan, net (in shares)                 1,183                            
Effect of stock incentive plan, net 773               $ 348     (966)                   1,391  
Ending balance at Mar. 31, 2024 6,727,139           209,691   $ 178,535     4,989,023   1,506,738           (156,848)   0  
Ending balance (in shares) at Mar. 31, 2024                 508,893                            
Beginning balance at Dec. 31, 2023 6,701,391           209,691   $ 178,187     4,989,989   1,471,371           (146,456)   (1,391)  
Beginning balance (in shares) at Dec. 31, 2023                 507,710                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 166,704                                            
Ending balance at Jun. 30, 2024 6,737,737           209,691   $ 178,645     4,995,638   1,516,376           (162,613)   0  
Ending balance (in shares) at Jun. 30, 2024                 509,205                            
Beginning balance at Mar. 31, 2024 6,727,139           209,691   $ 178,535     4,989,023   1,506,738           (156,848)   0  
Beginning balance (in shares) at Mar. 31, 2024                 508,893                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 70,424                         70,424                  
Other comprehensive income (loss), net of tax (5,765)                                     (5,765)      
Cash dividends declared:                                              
Cash dividends declared on preferred stock       $ (1,797) $ (2,311)                       $ (1,797) $ (2,311)          
Cash dividends declared on common stock           $ (56,678)                         $ (56,678)        
Effect of stock incentive plan, net (in shares)                 312                            
Effect of stock incentive plan, net 6,725               $ 110     6,615   0               0  
Ending balance at Jun. 30, 2024 $ 6,737,737           $ 209,691   $ 178,645     $ 4,995,638   $ 1,516,376           $ (162,613)   $ 0  
Ending balance (in shares) at Jun. 30, 2024                 509,205