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Shareholders' Equity
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Share Repurchases
On November 12, 2021, the Company announced receipt of a notice of non-objection from the Board of Governors of the Federal Reserve System to its previously announced share repurchase program which was approved by the Company’s Board of Directors on October 1, 2021. The program authorized the purchase of up to 9,337,900 shares, or 5% of the Company’s then-outstanding shares of common stock over a 12-month period. The program was limited to $225.0 million through November 30, 2022. The Company completed the repurchase of the total number of shares authorized through this program during the three months ended September 30, 2022.
On September 7, 2022, the Company announced receipt of a notice of non-objection from the Federal Reserve for a new share repurchase program. The program, which authorizes the purchase of up to 8,900,000 shares, or 5% of the Company’s then-outstanding shares of common stock over a 12-month period, is limited to $200.0 million through August 31, 2023.
Repurchases are made at management’s discretion from time to time at prices management considers to be attractive and in the best interests of both the Company and its shareholders, subject to the availability of shares, general market conditions, the trading price of the shares, alternative uses for capital, and the Company’s financial performance. Repurchases may be suspended, terminated or modified by the Company at any time for any reason.
Information regarding the shares repurchased under the plans is presented in the following table:
PeriodTotal Number of Shares RepurchasedAverage Price Paid per ShareTotal Number of Shares Repurchased as Part of the Share Repurchase Programs at the end of Each Respective PeriodMaximum Number of Shares That May Yet Be Purchased Under the Share Repurchase Programs at the end of Each Respective Period
January 1, 2022 –  January 31, 2022
987,526$21.02 2,123,4047,214,496
February 1, 2022 –  February 28, 2022
1,109,69721.08 3,233,1016,104,799
March 1, 2022 –  March 31, 2022
769,39821.31 4,002,4995,335,401
April 1, 2022 – April 30, 20221,194,185 20.19 5,196,684 4,141,216 
May 1, 2022 – May 31, 20221,880,381 18.93 7,077,065 2,260,835 
June 1, 2022 – June 30, 20221,141,903 18.78 8,218,968 1,118,932 
July 1, 2022 – July 31, 2022909,785 19.02 9,128,753 209,147 
August 1, 2022 - August 31, 2022— — 9,128,753 209,147 
September 1, 2022 – September 30, 2022571,463 20.33 9,700,216 8,537,684 
The Company repurchased no shares of its common stock during the three and nine months ended September 30, 2021.
Dividends
Information regarding dividends declared and paid is presented in the following table:
Dividends Declared per ShareDividends DeclaredDividends Paid
(In millions, except per share data)
Three Months Ended March 31, 2022$0.10 $17.1 $16.9 
Three Months Ended June 30, 20220.10 16.7 16.5 
Three Months Ended September 30, 20220.10 16.5 16.3 
Three Months Ended March 31, 2021$0.06 $10.3 $10.3 
Three Months Ended June 30, 20210.08 13.8 13.8 
Three Months Ended September 30, 20210.08 13.8 13.8