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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Cumulative effect accounting adjustment
Common Stock
Additional Paid in Capital
Retained Earnings
Retained Earnings
Cumulative effect accounting adjustment
Accumulated Other Comprehensive Income (Loss)
Unallocated Common Stock Held by ESOP
Beginning balance (in shares) at Dec. 31, 2020     186,758,154          
Beginning balance at Dec. 31, 2020 $ 3,428,052   $ 1,868 $ 1,854,068 $ 1,665,607   $ 54,234 $ (147,725)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividends to common shareholders (51,619)       (51,619)      
Repurchased common stock (in shares)     (1,135,878)          
Repurchased common stock (23,224)   $ (12) (23,212)        
Issuance of restricted stock awards (in shares)     683,056          
Issuance of restricted stock awards 0   $ 7 (7)        
Net income 154,665       154,665      
Other comprehensive loss, net of tax (110,930)           (110,930)  
ESOP shares committed to be released 9,408     4,392       5,016
Ending balance (in shares) at Dec. 31, 2021     186,305,332          
Ending balance at Dec. 31, 2021 $ 3,406,352 $ (20,098) [1] $ 1,863 1,835,241 1,768,653 $ (20,098) [1] (56,696) (142,709)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Accounting Standards Update [Extensible Enumeration] [1] Accounting Standards Update 2016-13              
Dividends to common shareholders $ (66,539)       (66,539)      
Repurchased common stock (in shares)     (10,112,272)          
Repurchased common stock (201,618)   $ (101) (201,517)        
Issuance of restricted stock awards (in shares)     31,559          
Issuance of restricted stock awards 0   $ 1 (1)        
Unvested restricted stock awards forfeited and subsequently cancelled (in shares)     (52,546)          
Unvested restricted stock awards forfeited and subsequently cancelled 0   $ (1) 1        
Share-based compensation 10,507     10,507        
Net income 199,759       199,759      
Other comprehensive loss, net of tax (866,496)           (866,496)  
ESOP shares committed to be released $ 9,923     4,910       5,013
Ending balance (in shares) at Dec. 31, 2022 176,172,073   176,172,073          
Ending balance at Dec. 31, 2022 $ 2,471,790 $ 822 [2] $ 1,762 1,649,141 1,881,775 $ 822 [2] (923,192) (137,696)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Accounting Standards Update [Extensible Enumeration] [2] Accounting Standards Update 2022-02              
Dividends to common shareholders $ (67,020)       (67,020)      
Issuance of restricted stock awards (in shares)     47,820          
Issuance of restricted stock awards 0   $ 1 (1)        
Issuance of common stock under share-based compensation arrangements (in shares) [3]     207,100          
Issuance of common stock under share-based compensation arrangements [3] (1,396)   $ 4 (1,400)        
Share-based compensation 16,513     16,513        
Net income 232,177       232,177      
Other comprehensive loss, net of tax 314,840           314,840  
ESOP shares committed to be released $ 7,129     2,188       4,941
Ending balance (in shares) at Dec. 31, 2023 176,426,993   176,426,993          
Ending balance at Dec. 31, 2023 $ 2,974,855   $ 1,767 $ 1,666,441 $ 2,047,754   $ (608,352) $ (132,755)
[1] Represents gross transition adjustment amount of $28.0 million, net of taxes of $7.9 million, to reflect the cumulative impact on retained earnings pursuant to the Company’s adoption of Accounting Standards Update 2016-13. Refer to Note 4, “Loans and Allowance for Credit Losses” for additional discussion.
[2] Represents gross transition adjustment amount of $1.1 million, net of taxes of $0.3 million, to reflect the cumulative impact on retained earnings pursuant to the Company’s adoption of Accounting Standards Update 2022-02. Refer to Note 4, “Loans and Allowance for Credit Losses” for additional discussion.
[3] Represents shares issued, net of employee tax withheld, during the year ended December 31, 2023 upon the vesting of restricted stock units. Refer to Note 16, “Share-Based Compensation” for additional discussion.