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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period Of Adoption, Adjustment
Various Stock Compensation Plans And Agreements
Stock Repurchase Plan
Common Stock
Common Stock
Various Stock Compensation Plans And Agreements
Common Stock
Stock Repurchase Plan
Common Stock and Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period Of Adoption, Adjustment
Treasury Stock
Treasury Stock
Various Stock Compensation Plans And Agreements
Treasury Stock
Stock Repurchase Plan
AOCI, Net of Tax
Beginning balance (in shares) at Dec. 31, 2022         140,947,846                  
Beginning balance at Dec. 31, 2022 $ 5,984,612 $ (4,262) [1]           $ 1,936,557 $ 5,582,546 $ (4,262) [1] $ (768,862)     $ (765,629)
Increase (Decrease) in Stockholders' Equity                            
Net income 922,208               922,208          
Other comprehensive income (loss) (109,748)                         (109,748)
Issuance of common stock pursuant to various stock compensation plans and agreements (in shares)         857,501                  
Issuance of common stock pursuant to various stock compensation plans and agreements 32,851             32,851            
Repurchase of common stock pursuant to the stock repurchase program/various stock compensation plans and agreements (in shares)           (319,398)                
Repurchase of common stock pursuant to the stock repurchase program/various stock compensation plans and agreements     $ (23,214)                 $ (23,214)    
Cash dividends on common stock (205,741)               (205,741)          
Ending balance (in shares) at Sep. 30, 2023         141,485,949                  
Ending balance at Sep. 30, 2023 6,596,706             1,969,408 6,294,751   (792,076)     (875,377)
Beginning balance (in shares) at Jun. 30, 2023         141,483,668                  
Beginning balance at Jun. 30, 2023 6,461,697             1,959,784 6,075,735   (791,890)     (781,932)
Increase (Decrease) in Stockholders' Equity                            
Net income 287,738               287,738          
Other comprehensive income (loss) (93,445)                         (93,445)
Issuance of common stock pursuant to various stock compensation plans and agreements (in shares)         5,682                  
Issuance of common stock pursuant to various stock compensation plans and agreements 9,624             9,624            
Repurchase of common stock pursuant to the stock repurchase program/various stock compensation plans and agreements (in shares)           (3,401)                
Repurchase of common stock pursuant to the stock repurchase program/various stock compensation plans and agreements     (186)                 (186)    
Cash dividends on common stock (68,722)               (68,722)          
Ending balance (in shares) at Sep. 30, 2023         141,485,949                  
Ending balance at Sep. 30, 2023 6,596,706             1,969,408 6,294,751   (792,076)     (875,377)
Beginning balance (in shares) at Dec. 31, 2023         140,027,367                  
Beginning balance at Dec. 31, 2023 6,950,834 $ (9,482) [2]           1,980,987 6,465,230 $ (9,482) [2] (874,787)     (620,596)
Increase (Decrease) in Stockholders' Equity                            
Net income 872,471               872,471          
Other comprehensive income (loss) 183,292                         183,292
Issuance of common stock pursuant to various stock compensation plans and agreements (in shares)         516,125                  
Issuance of common stock pursuant to various stock compensation plans and agreements 37,288             37,288            
Repurchase of common stock pursuant to the stock repurchase program/various stock compensation plans and agreements (in shares)           (191,743) (1,742,496)              
Repurchase of common stock pursuant to the stock repurchase program/various stock compensation plans and agreements     (14,011) $ (123,221)               (14,011) $ (123,221)  
Cash dividends on common stock (232,632)               (232,632)          
Ending balance (in shares) at Sep. 30, 2024         138,609,253                  
Ending balance at Sep. 30, 2024 7,664,539             2,018,275 7,095,587   (1,012,019)     (437,304)
Beginning balance (in shares) at Jun. 30, 2024         138,604,437                  
Beginning balance at Jun. 30, 2024 7,215,114             2,007,558 6,873,653   (1,011,924)     (654,173)
Increase (Decrease) in Stockholders' Equity                            
Net income 299,166               299,166          
Other comprehensive income (loss) 216,869                         216,869
Issuance of common stock pursuant to various stock compensation plans and agreements (in shares)         5,948                  
Issuance of common stock pursuant to various stock compensation plans and agreements 10,717             10,717            
Repurchase of common stock pursuant to the stock repurchase program/various stock compensation plans and agreements (in shares)           (1,132)                
Repurchase of common stock pursuant to the stock repurchase program/various stock compensation plans and agreements     $ (95)                 $ (95)    
Cash dividends on common stock (77,232)               (77,232)          
Ending balance (in shares) at Sep. 30, 2024         138,609,253                  
Ending balance at Sep. 30, 2024 $ 7,664,539             $ 2,018,275 $ 7,095,587   $ (1,012,019)     $ (437,304)
[1] Represents the change in the Company’s allowance for loan losses as a result of the adoption of Accounting Standards Update (“ASU”) 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and the Vintage Disclosures on January 1, 2023.
[2] Represents the impact of the adoption of ASU 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method on January 1, 2024. Refer to Note 2 — Current Accounting Developments and Summary of Significant Accounting Policies in this Form 10-Q for additional information.