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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
Capital surplus
Retained earnings
Treasury stock
Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2020 $ 6,028,687 $ 1,045 $ 22,143 $ 4,571,534 $ 2,260,928 $ (1,016,954) $ 189,991
Increase Decrease In Stockholders Equity              
Net income 480,711       480,711    
Issuance of stock 2,226     2,226      
Dividends declared:              
Common stock [2] (70,048) [1]       (70,048)    
Preferred stock (706)       (706)    
Common stock purchases [3] (355,307)     (70,000)   (285,307)  
Stock based compensation 14,733     2,899   11,834  
Other comprehensive loss, net of tax (285,682)           (285,682)
Ending balance at Jun. 30, 2021 5,814,614 1,045 22,143 4,506,659 2,670,885 (1,290,427) (95,691)
Beginning balance at Mar. 31, 2021 5,897,559 1,045 22,143 4,571,919 2,489,453 (1,012,263) (174,738)
Increase Decrease In Stockholders Equity              
Net income 218,079       218,079    
Issuance of stock 1,108     1,108      
Dividends declared:              
Common stock [1] (36,294)       (36,294)    
Preferred stock (353)       (353)    
Common stock purchases [3] (351,365)     (70,000)   (281,365)  
Stock based compensation 6,833     3,632   3,201  
Other comprehensive loss, net of tax 79,047           79,047
Ending balance at Jun. 30, 2021 5,814,614 1,045 22,143 4,506,659 2,670,885 (1,290,427) (95,691)
Beginning balance at Dec. 31, 2021 5,969,397 1,046 22,143 4,650,182 2,973,745 (1,352,650) (325,069)
Increase Decrease In Stockholders Equity              
Net income 423,107       423,107    
Issuance of stock 2,735     2,735      
Dividends declared:              
Common stock (84,195)       (84,195)    
Preferred stock (706)       (706)    
Common stock purchases [4] (406,295)     (80,000)   (326,295)  
Stock based compensation 17,253     3,561   13,692  
Other comprehensive loss, net of tax (1,627,947)           (1,627,947)
Ending balance at Jun. 30, 2022 4,293,349 1,046 22,143 4,576,478 3,311,951 (1,665,253) (1,953,016)
Beginning balance at Mar. 31, 2022 4,671,246 1,046 22,143 4,571,111 3,143,004 (1,668,820) (1,397,238)
Increase Decrease In Stockholders Equity              
Net income 211,421       211,421    
Issuance of stock 1,536     1,536      
Dividends declared:              
Common stock [1] (42,121)       (42,121) [2]    
Preferred stock (353)       (353)    
Common stock purchases (1,375)         (1,375)  
Stock based compensation 8,773     3,831   4,942  
Other comprehensive loss, net of tax (555,778)           (555,778)
Ending balance at Jun. 30, 2022 $ 4,293,349 $ 1,046 $ 22,143 $ 4,576,478 $ 3,311,951 $ (1,665,253) $ (1,953,016)
[1] Dividends declared per common share during the quarter ended June 30, 2022 - $0.55 (2021 - $0.45).
[2] Dividends declared per common share during the six months ended June 30, 2022 - $1.10 (2021 - $0.85).
[3] During the six month ended June 30, 2021, the Corporation entered into a $350 million accelerated share repurchase transaction with respect to its common stock, which was accounted for as a treasury stock transaction. Refer to Note 17 for additional information.
[4] During the six month ended June 30, 2022, the Corporation entered into a $400 million accelerated share repurchase transaction with respect to its common stock, which was accounted for as a treasury stock transaction. Refer to Note 17 for additional information.