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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, 2023   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        
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)        
Repurchase of common shares (18,210)           (18,210)
Ending balance, preferred stock (shares) at Sep. 30, 2024   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        
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)        
Repurchase of common shares (18,210)           (18,210)
Ending balance, preferred stock (shares) at Sep. 30, 2024   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        
Beginning balance, preferred stock (shares) at Dec. 31, 2024 5,700,000 5,700,000          
Beginning balance at Dec. 31, 2024 $ 1,836,683 $ 137,794 $ 35,758 575,333 1,326,011 (96,560) (141,653)
Beginning balance, common stock (shares) at Dec. 31, 2024 31,346,507   31,346,507        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 149,596       149,596    
Other comprehensive income (loss) 45,471         45,471  
Issuance of common stock, net of offering costs (in shares) [1]     2,518,248        
Issuance of common stock, net of offering costs [1] 163,475     84,753     78,722
Preferred stock dividends [3] (8,593)       (8,593)    
Redemption of preferred stock (shares) [4]   (2,300,000)          
Redemption of preferred stock [4] (55,593) $ (55,593)          
Loss on redemption of preferred stock (1,908)       (1,908)    
Share-based compensation expense 13,203     13,203      
Issuance of common stock under share-based compensation arrangements (shares)     402,957        
Issuance of common stock under share-based compensation arrangements $ (10,634)   $ 403 (11,037)      
Repurchase of common shares (in shares) (104,206)   (104,206)        
Repurchase of common shares $ (5,641)           (5,641)
Ending balance, preferred stock (shares) at Sep. 30, 2025 3,400,000 3,400,000          
Ending balance at Sep. 30, 2025 $ 2,126,059 $ 82,201 $ 36,161 662,252 1,465,106 (51,089) (68,572)
Ending balance, common stock (shares) at Sep. 30, 2025 34,163,506   34,163,506        
Beginning balance, preferred stock (shares) at Jun. 30, 2025   3,400,000          
Beginning balance at Jun. 30, 2025 $ 1,863,558 $ 82,201 $ 36,123 572,473 1,391,380 (71,325) (147,294)
Beginning balance, common stock (shares) at Jun. 30, 2025     31,606,934        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 75,745       75,745    
Other comprehensive income (loss) 20,236         20,236  
Issuance of common stock, net of offering costs (in shares) [5]     2,518,248        
Issuance of common stock, net of offering costs [5] 163,475     84,753     78,722
Preferred stock dividends [2] (2,019)       (2,019)    
Share-based compensation expense 4,466     4,466      
Issuance of common stock under share-based compensation arrangements (shares)     38,324        
Issuance of common stock under share-based compensation arrangements $ 598   $ 38 560      
Ending balance, preferred stock (shares) at Sep. 30, 2025 3,400,000 3,400,000          
Ending balance at Sep. 30, 2025 $ 2,126,059 $ 82,201 $ 36,161 $ 662,252 $ 1,465,106 $ (51,089) $ (68,572)
Ending balance, common stock (shares) at Sep. 30, 2025 34,163,506   34,163,506        
[1] Refer to NOTE 11 – SHAREHOLDERS’ EQUITY for additional information about about the reissuance of common stock that were held in treasury stock.
[2] Dividends per share of $0.590368 were declared on Series F preferred stock for the three months ended September 30, 2025. 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.
[3] Dividends per share of $1.229832 and $1.772424 were declared on Series E and F preferred stock, respectively, for the nine months ended September 30, 2025. 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.
[4] Refer to NOTE 11 – SHAREHOLDERS’ EQUITY for additional information about the redemption of Series E Preferred Stock.
[5] Refer to NOTE 11 – SHAREHOLDERS’ EQUITY for additional information about the reissuance of common stock to the public that were held in treasury stock.