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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 188,051       188,051    
Other comprehensive income (loss) 13,284         13,284  
Preferred stock dividends [1] (10,826)       (10,826)    
Share-based compensation expense 9,979     9,979      
Issuance of common stock under share-based compensation arrangements (shares)     317,440        
Issuance of common stock under share-based compensation arrangements $ (2,036)   $ 318 (2,354)      
Repurchase of common shares (in shares) (1,379,883)   (1,379,883)        
Repurchase of common shares $ (39,806)           (39,806)
Ending balance, preferred stock (shares) at Sep. 30, 2023   5,700,000          
Ending balance at Sep. 30, 2023 1,561,607 $ 137,794 $ 35,330 559,346 1,101,359 (149,812) (122,410)
Ending balance, common stock (shares) at Sep. 30, 2023     31,311,254        
Beginning balance, preferred stock (shares) at Jun. 30, 2023   5,700,000          
Beginning balance at Jun. 30, 2023 1,456,652 $ 137,794 $ 35,301 555,737 1,018,406 (168,176) (122,410)
Beginning balance, common stock (shares) at Jun. 30, 2023     31,282,318        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 86,756       86,756    
Other comprehensive income (loss) 18,364         18,364  
Preferred stock dividends [2] (3,803)       (3,803)    
Share-based compensation expense 3,510     3,510      
Issuance of common stock under share-based compensation arrangements (shares)     28,936        
Issuance of common stock under share-based compensation arrangements $ 128   $ 29 99      
Repurchase of common shares (in shares) 0            
Ending balance, preferred stock (shares) at Sep. 30, 2023   5,700,000          
Ending balance at Sep. 30, 2023 $ 1,561,607 $ 137,794 $ 35,330 559,346 1,101,359 (149,812) (122,410)
Ending balance, common stock (shares) at Sep. 30, 2023     31,311,254        
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 $ 154,554       154,554    
Other comprehensive income (loss) 30,487         30,487  
Preferred stock dividends [1] (11,391)       (11,391)    
Share-based compensation expense 10,985     10,985      
Issuance of common stock under share-based compensation arrangements (shares)     275,175        
Issuance of common stock under share-based compensation arrangements $ (3,639)   $ 275 (3,914)      
Repurchase of common shares (in shares) (373,974)   (373,974)        
Repurchase of common shares $ (18,210)           (18,210)
Ending balance, preferred stock (shares) at Sep. 30, 2024 5,700,000 5,700,000          
Ending balance at Sep. 30, 2024 $ 1,801,180 $ 137,794 $ 35,734 571,609 1,302,745 (106,082) (140,620)
Ending balance, common stock (shares) at Sep. 30, 2024 31,342,107   31,342,107        
Beginning balance, preferred stock (shares) at Jun. 30, 2024   5,700,000          
Beginning balance at Jun. 30, 2024 $ 1,746,865 $ 137,794 $ 35,686 567,345 1,259,808 (131,358) (122,410)
Beginning balance, common stock (shares) at Jun. 30, 2024     31,667,655        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 46,743       46,743    
Other comprehensive income (loss) 25,276         25,276  
Preferred stock dividends [2] (3,806)       (3,806)    
Share-based compensation expense 3,739     3,739      
Issuance of common stock under share-based compensation arrangements (shares)     48,426        
Issuance of common stock under share-based compensation arrangements $ 573   $ 48 525      
Repurchase of common shares (in shares) (373,974)   (373,974)        
Repurchase of common shares $ (18,210)           (18,210)
Ending balance, preferred stock (shares) at Sep. 30, 2024 5,700,000 5,700,000          
Ending balance at Sep. 30, 2024 $ 1,801,180 $ 137,794 $ 35,734 $ 571,609 $ 1,302,745 $ (106,082) $ (140,620)
Ending balance, common stock (shares) at Sep. 30, 2024 31,342,107   31,342,107        
[1] Dividends per share of $2.060879 and $1.988429 were declared on Series E and F preferred stock, respectively, for the nine months ended September 30, 2024. Dividends per share of $1.941704 and $1.869779 were declared on Series E and F preferred stock, respectively, for the nine months ended September 30, 2023.
[2] Dividends per share of $0.678761 and $0.654873 were declared on Series E and F preferred stock, respectively, for the three months ended September 30, 2024. Dividends per share of $0.6831 and $0.658950 were declared on Series E and F preferred stock, respectively, for the three months ended September 30, 2023.