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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Series A
Preferred Series B
Preferred Series C
Common Stock
Preferred Stock
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Surplus
Surplus
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Preferred Series A
Retained Earnings
Preferred Series B
Retained Earnings
Preferred Series C
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2022 $ 6,400,802 $ 990 $ 6,401,792         $ 209,691 $ 209,691 $ 178,185 $ 178,185   $ 4,980,231 $ 4,980,231 $ 1,218,445 $ 990 $ 1,219,435       $ (164,002) $ (164,002) $ (21,748) $ (21,748)
Beginning balance (in shares) at Dec. 31, 2022                   506,374 506,374                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income 146,551                           146,551                  
Other comprehensive income (loss), net of tax 20,355                                       20,355      
Cash dividends declared:                                                
Cash dividends declared on preferred stock       $ (1,797) $ (2,077)                         $ (1,797) $ (2,077)          
Cash dividends declared on common stock (56,488)                           (56,488)                  
Effect of stock incentive plan, net (in shares)                   1,061                            
Effect of stock incentive plan, net (505)                 $ 1     (12,569)   (3,994)               16,057  
Common stock issued (in shares)                       327                        
Common stock issued             $ 3,750               (650)               4,400  
Ending balance at Mar. 31, 2023 6,511,581             209,691   $ 178,186     4,967,662   1,300,980           (143,647)   (1,291)  
Ending balance (in shares) at Mar. 31, 2023                   507,762                            
Beginning balance at Dec. 31, 2022 6,400,802 $ 990 $ 6,401,792         209,691 $ 209,691 $ 178,185 $ 178,185   4,980,231 $ 4,980,231 1,218,445 $ 990 $ 1,219,435       (164,002) $ (164,002) (21,748) $ (21,748)
Beginning balance (in shares) at Dec. 31, 2022                   506,374 506,374                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income 426,957                                              
Ending balance at Sep. 30, 2023 6,627,299             209,691   $ 178,187     4,982,748   1,460,284           (201,892)   (1,719)  
Ending balance (in shares) at Sep. 30, 2023                   507,661                            
Beginning balance at Mar. 31, 2023 6,511,581             209,691   $ 178,186     4,967,662   1,300,980           (143,647)   (1,291)  
Beginning balance (in shares) at Mar. 31, 2023                   507,762                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income 139,060                           139,060                  
Other comprehensive income (loss), net of tax (21,100)                                       (21,100)      
Cash dividends declared:                                                
Cash dividends declared on preferred stock       (1,797) (2,233)                         (1,797) (2,233)          
Cash dividends declared on common stock (56,474)                           (56,474)                  
Effect of stock incentive plan, net (in shares)                   157                            
Effect of stock incentive plan, net 8,239                 $ 1     6,845   (2)               1,395  
Common stock repurchased (in shares)                   (300)                            
Common stock repurchased (2,092)                                           (2,092)  
Ending balance at Jun. 30, 2023 6,575,184             209,691   $ 178,187     4,974,507   1,379,534           (164,747)   (1,988)  
Ending balance (in shares) at Jun. 30, 2023                   507,619                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income 141,346                           141,346                  
Other comprehensive income (loss), net of tax (37,145)                                       (37,145)      
Cash dividends declared:                                                
Cash dividends declared on preferred stock       (1,797) (2,330)                         (1,797) (2,330)          
Cash dividends declared on common stock (56,459)                           (56,459)                  
Effect of stock incentive plan, net (in shares)                   42                            
Effect of stock incentive plan, net 8,500                       8,241   (10)               269  
Ending balance at Sep. 30, 2023 6,627,299             209,691   $ 178,187     4,982,748   1,460,284           (201,892)   (1,719)  
Ending balance (in shares) at Sep. 30, 2023                   507,661                            
Beginning balance at Dec. 31, 2023 6,701,391             209,691   $ 178,187     4,989,989   1,471,371           (146,456)   (1,391)  
Beginning balance (in shares) at Dec. 31, 2023                   507,710                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income 96,280                           96,280                  
Other comprehensive income (loss), net of tax (10,392)                                       (10,392)      
Cash dividends declared:                                                
Cash dividends declared on preferred stock       (1,797) (2,322)                         (1,797) (2,322)          
Cash dividends declared on common stock             $ (56,794)               (56,794)                  
Effect of stock incentive plan, net (in shares)                   1,183                            
Effect of stock incentive plan, net 773                 $ 348     (966)                   1,391  
Ending balance at Mar. 31, 2024 6,727,139             209,691   $ 178,535     4,989,023   1,506,738           (156,848)   0  
Ending balance (in shares) at Mar. 31, 2024                   508,893                            
Beginning balance at Dec. 31, 2023 6,701,391             209,691   $ 178,187     4,989,989   1,471,371           (146,456)   (1,391)  
Beginning balance (in shares) at Dec. 31, 2023                   507,710                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income 264,560                                              
Ending balance at Sep. 30, 2024 6,972,380             354,345   $ 178,661     5,002,718   1,551,428           (114,772)   0  
Ending balance (in shares) at Sep. 30, 2024                   509,253                            
Beginning balance at Mar. 31, 2024 6,727,139             209,691   $ 178,535     4,989,023   1,506,738           (156,848)   0  
Beginning balance (in shares) at Mar. 31, 2024                   508,893                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income 70,424                           70,424                  
Other comprehensive income (loss), net of tax (5,765)                                       (5,765)      
Cash dividends declared:                                                
Cash dividends declared on preferred stock       (1,797) (2,311)                         (1,797) (2,311)          
Cash dividends declared on common stock (56,678)                           (56,678)                  
Effect of stock incentive plan, net (in shares)                   312                            
Effect of stock incentive plan, net 6,725                 $ 110     6,615                      
Ending balance at Jun. 30, 2024 6,737,737             209,691   $ 178,645     4,995,638   1,516,376           (162,613)   0  
Ending balance (in shares) at Jun. 30, 2024                   509,205                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income 97,856                           97,856                  
Other comprehensive income (loss), net of tax 47,841                                       47,841      
Cash dividends declared:                                                
Cash dividends declared on preferred stock       $ (1,797) $ (2,395) $ (1,925)                       $ (1,797) $ (2,395) $ (1,925)        
Cash dividends declared on common stock (56,687)                           (56,687)                  
Preferred Stock Issued 144,654             144,654                                
Effect of stock incentive plan, net (in shares)                   48                            
Effect of stock incentive plan, net 7,096                 $ 16     7,080                      
Ending balance at Sep. 30, 2024 $ 6,972,380             $ 354,345   $ 178,661     $ 5,002,718   $ 1,551,428           $ (114,772)   $ 0  
Ending balance (in shares) at Sep. 30, 2024                   509,253