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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)
Total
Common stock
Preferred stock
Surplus
Retained earnings
Treasury stock
Accumulated other comprehensive loss
Beginning balance at Dec. 31, 2024 $ 5,613,066,000 $ 1,048,000 $ 22,143,000 $ 4,908,693,000 $ 4,570,957,000 $ (2,228,535,000) $ (1,661,240,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 387,942,000       387,942,000    
Issuances of common stock 3,530,000 1,000   3,529,000      
Dividends declared:              
Common stock [1] (96,235,000)       (96,235,000)    
Preferred stock (706,000)       (706,000)    
Common stock purchases [2] (243,055,000)         (243,055,000)  
Stock based compensation 23,893,000     7,728,000   16,165,000  
Other comprehensive income, net of tax 265,583,000           265,583,000
Ending balance at Jun. 30, 2025 5,954,018,000 1,049,000 22,143,000 4,919,950,000 4,861,958,000 (2,455,425,000) (1,395,657,000)
Beginning balance at Mar. 31, 2025 5,799,695,000 1,049,000 22,143,000 4,912,886,000 4,699,697,000 (2,346,093,000) (1,489,987,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 210,440,000       210,440,000    
Issuances of common stock 1,760,000     1,760,000      
Dividends declared:              
Common stock [3] (47,826,000)       (47,826,000)    
Preferred stock (353,000)       (353,000)    
Common stock purchases [4] (117,075,000)         (117,075,000)  
Stock based compensation 13,047,000     5,304,000   7,743,000  
Other comprehensive income, net of tax 94,330,000           94,330,000
Ending balance at Jun. 30, 2025 5,954,018,000 1,049,000 22,143,000 4,919,950,000 4,861,958,000 (2,455,425,000) (1,395,657,000)
Beginning balance at Dec. 31, 2025 6,249,079,000 1,049,000 22,143,000 4,924,296,000 5,206,497,000 (2,722,819,000) (1,182,087,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 523,888,000       523,888,000    
Issuances of common stock 3,627,000 1,000   3,626,000      
Dividends declared:              
Common stock [1] (96,813,000)       (96,813,000)    
Preferred stock (706,000)       (706,000)    
Common stock purchases [5] (290,092,000)         (290,092,000)  
Stock based compensation 21,321,000     9,169,000   12,152,000  
Other comprehensive income, net of tax 22,701,000           22,701,000
Ending balance at Jun. 30, 2026 6,433,005,000 1,050,000 22,143,000 4,937,091,000 5,632,866,000 (3,000,759,000) (1,159,386,000)
Beginning balance at Mar. 31, 2026 6,311,086,000 1,049,000 22,143,000 4,928,636,000 5,403,176,000 (2,875,230,000) (1,168,688,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 278,214,000       278,214,000    
Issuances of common stock 1,803,000 1,000   1,802,000      
Dividends declared:              
Common stock [3] (48,148,000)       (48,148,000)    
Preferred stock (353,000)       (353,000)    
Common stock purchases [6] (129,864,000)         (129,864,000)  
Stock based compensation 10,988,000     6,653,000   4,335,000  
Other comprehensive income, net of tax 9,302,000           9,302,000
Other adjustments (23,000)       (23,000)    
Ending balance at Jun. 30, 2026 $ 6,433,005,000 $ 1,050,000 $ 22,143,000 $ 4,937,091,000 $ 5,632,866,000 $ (3,000,759,000) $ (1,159,386,000)
[1] Dividends declared per common share during the six months ended June 30, 2026 - $1.50 (2025 - $1.40).
[2] Includes common stock repurchases of $234.3 million as part of the 2024 common stock repurchase program.
[3] Dividends declared per common share during the quarter ended June 30, 2026 - $0.75 (2025 - $0.70).
[4] Includes common stock repurchases of $112.0 million as part of the 2024 common stock repurchase program.
[5] Includes common stock repurchases of $280.5 million as part of the 2025 common stock repurchase program.
[6] Includes common stock repurchases of $125.3 million as part of the 2025 common stock repurchase program.