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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred stock
Common stock
Surplus
Treasury stock
Retained earnings
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated other comprehensive income (loss)
Balance at beginning of period at Dec. 31, 2021 $ 4,498,688   $ 412,500 $ 58,892 $ 1,685,572 $ (109,903) $ 2,447,535   $ 4,092
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 509,682           509,682    
Other comprehensive (loss) income , net of tax (431,728)               (431,728)
Cash dividends declared on common stock (80,246)           (80,246)    
Dividends on Series D and E preferred stock (27,964)           (27,964)    
Stock-based compensation 31,748       31,748        
Common stock issued for:                  
Acquisition of Macatawa Bank Corporation 0                
New issuance, net of costs 285,729     1,612 174,214 109,903      
Exercise of stock options and warrants 4,886     123 5,067 (304)      
Restricted stock awards 0     69 (69)        
Employee stock purchase plan 3,386     42 3,344        
Director compensation plan 2,657     59 2,598        
Balance at end of period at Dec. 31, 2022 $ 4,796,838 $ (544) 412,500 60,797 1,902,474 (304) 2,849,007 $ (544) (427,636)
Common stock issued for:                  
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2022-02                
Net income $ 622,626           622,626    
Other comprehensive (loss) income , net of tax 66,405               66,405
Cash dividends declared on common stock (97,726)           (97,726)    
Dividends on Series D and E preferred stock (27,964)           (27,964)    
Stock-based compensation 33,495       33,495        
Acquisition of Macatawa Bank Corporation 0                
Exercise of stock options and warrants 2,242     56 2,186        
Restricted stock awards (1,913)     307 (307) (1,913)      
Employee stock purchase plan 3,329     46 3,283        
Director compensation plan 2,738     63 2,675        
Balance at end of period at Dec. 31, 2023 5,399,526   412,500 61,269 1,943,806 (2,217) 3,345,399   (361,231)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 695,045           695,045    
Other comprehensive (loss) income , net of tax (147,104)               (147,104)
Cash dividends declared on common stock (115,316)           (115,316)    
Dividends on Series D and E preferred stock (27,964)           (27,964)    
Stock-based compensation 38,108       38,108        
Common stock issued for:                  
Acquisition of Macatawa Bank Corporation 499,239     4,702 494,537        
Exercise of stock options and warrants 86     2 84        
Restricted stock awards (3,931)     537 (532) (3,936)      
Employee stock purchase plan 3,347     35 3,312        
Director compensation plan 3,261     15 3,246        
Balance at end of period at Dec. 31, 2024 $ 6,344,297   $ 412,500 $ 66,560 $ 2,482,561 $ (6,153) $ 3,897,164   $ (508,335)