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Shareholders' Equity
 9 Months Ended
Sep. 30, 2023
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 third quarter of 2022.
On September 7, 2022, the Company announced receipt of a notice of non-objection from the Board of Governors of the Federal Reserve System for a new share repurchase program. The program authorized 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. The program was limited to $200.0 million through August 31, 2023. This program expired during the three months ended September 30, 2023.
During the nine months ended September 30, 2023, there were no share repurchases. During the three months ended September 30, 2022, the Company repurchased 1,481,248 shares at a weighted average price per share of $19.53. During the nine months ended September 30, 2022, the Company repurchased 8,564,338 shares at a weighted average price per share of $19.92.
Dividends
Information regarding dividends declared and paid is presented in the following table for the periods indicated:
Dividends Declared per ShareDividends DeclaredDividends Paid
(In millions, except per share data)
Three Months Ended March 31, 2023$0.10 $16.3 $16.2 
Three Months Ended June 30, 20230.10 16.4 16.3 
Three Months Ended September 30, 20230.10 16.4 16.2 
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