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Consolidated Statements of Changes in Shareholders' Equity (unaudited) - USD ($)
$ in Thousands
Common Stock
Surplus
Retained Earnings
Cumulative Effect of Adoption of ASU
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Cumulative Effect of Adoption of ASU
Total
Balance at Dec. 31, 2022 $ 189,261 $ 4,215,712   $ 1,347,042 $ (677,088)   $ 5,074,927
Balance (in shares) at Dec. 31, 2022 75,704,563            
Increase (Decrease) in Stockholders' Equity              
Net Income (Loss)       263,373     263,373
Other comprehensive income (loss), net of tax effects         14,690   14,690
Total comprehensive income (loss)             278,063
Cash dividends declared on common stock per share       (75,874)     (75,874)
Cash dividend equivalents paid on restricted stock units       (1,033)     (1,033)
Employee stock purchases $ 24 623         647
Employee stock purchases (in shares) 9,562            
Stock options exercised $ 59 1,114         1,173
Stock options exercised (in shares) 23,516            
Restricted stock awards (forfeits) $ (6) 6          
Restricted stock awards (forfeits) (in shares) (2,353)            
Stock issued pursuant to restricted stock units $ 897 (897)          
Stock issued pursuant to restricted stock units (in shares) 358,784            
Common stock repurchased $ (245) (6,777)         (7,022)
Common stock repurchased (in shares) (98,093)            
Share-based compensation expense   19,129         19,129
Balance at Jun. 30, 2023 $ 189,990 4,228,910   1,533,508 (662,398)   5,290,010
Balance (in shares) at Jun. 30, 2023 75,995,979            
Balance at Dec. 31, 2022 $ 189,261 4,215,712   1,347,042 (677,088)   5,074,927
Balance (in shares) at Dec. 31, 2022 75,704,563            
Balance at Dec. 31, 2023 $ 190,055 4,240,413   1,685,166 (582,536)   $ 5,533,098
Balance (in shares) at Dec. 31, 2023 76,022,039           76,022,039
Balance at Mar. 31, 2023 $ 189,649 4,224,503   1,448,636 (613,784)   $ 5,249,004
Balance (in shares) at Mar. 31, 2023 75,859,665            
Increase (Decrease) in Stockholders' Equity              
Net Income (Loss)       123,447     123,447
Other comprehensive income (loss), net of tax effects         (48,614)   (48,614)
Total comprehensive income (loss)             74,833
Cash dividends declared on common stock per share       (37,962)     (37,962)
Cash dividend equivalents paid on restricted stock units       (613)     (613)
Employee stock purchases $ 24 623         647
Employee stock purchases (in shares) 9,562            
Restricted stock awards (forfeits) $ (1) 1          
Restricted stock awards (forfeits) (in shares) (120)            
Stock issued pursuant to restricted stock units $ 453 (453)          
Stock issued pursuant to restricted stock units (in shares) 181,076            
Common stock repurchased $ (135) (3,471)         (3,606)
Common stock repurchased (in shares) (54,204)            
Share-based compensation expense   7,707         7,707
Balance at Jun. 30, 2023 $ 189,990 4,228,910   1,533,508 (662,398)   5,290,010
Balance (in shares) at Jun. 30, 2023 75,995,979            
Balance at Dec. 31, 2023 $ 190,055 4,240,413   1,685,166 (582,536)   $ 5,533,098
Balance (in shares) at Dec. 31, 2023 76,022,039           76,022,039
Increase (Decrease) in Stockholders' Equity              
Net Income (Loss)       247,426     $ 247,426
Other comprehensive income (loss), net of tax effects         (37,675)   (37,675)
Total comprehensive income (loss)             209,751
Cash dividends declared on common stock per share       (79,217)     (79,217)
Cash dividend equivalents paid on restricted stock units       (1,196)     (1,196)
Employee stock purchases $ 23 707         730
Employee stock purchases (in shares) 9,092            
Stock options exercised $ 19 422         441
Stock options exercised (in shares) 7,448            
Restricted stock awards (forfeits) $ (2) 2          
Restricted stock awards (forfeits) (in shares) (316)            
Stock issued pursuant to restricted stock units $ 884 (884)          
Stock issued pursuant to restricted stock units (in shares) 353,675            
Stock issued in lieu of cash - directors fees $ 3 90         93
Stock issued in lieu of cash - directors fees (in shares) 1,148            
Common stock repurchased - buyback plan $ (250) (7,735)         (7,985)
Common stock repurchased - buyback plan (in shares) (100,000)            
Common stock repurchased $ (243) (7,850)         (8,093)
Common stock repurchased (in shares) (97,363)            
Share-based compensation expense   13,027         13,027
Balance (ASU 2023-02) at Jun. 30, 2024     $ (10,246)     $ (10,246)  
Balance at Jun. 30, 2024 $ 190,489 4,238,192   1,841,933 (620,211)   $ 5,650,403
Balance (in shares) at Jun. 30, 2024 76,195,723           76,195,723
Balance at Mar. 31, 2024 $ 190,443 4,230,345   1,749,215 (622,994)   $ 5,547,009
Balance (in shares) at Mar. 31, 2024 76,177,163            
Increase (Decrease) in Stockholders' Equity              
Net Income (Loss)       132,370     132,370
Other comprehensive income (loss), net of tax effects         2,783   2,783
Total comprehensive income (loss)             135,153
Cash dividends declared on common stock per share       (39,619)     (39,619)
Cash dividend equivalents paid on restricted stock units       (33)     (33)
Employee stock purchases $ 23 707         730
Employee stock purchases (in shares) 9,092            
Stock options exercised $ 3 47         50
Stock options exercised (in shares) 1,099            
Restricted stock awards (forfeits) $ (1) 1          
Restricted stock awards (forfeits) (in shares) (252)            
Stock issued pursuant to restricted stock units $ 23 (23)          
Stock issued pursuant to restricted stock units (in shares) 9,299            
Stock issued in lieu of cash - directors fees $ 3 90         93
Stock issued in lieu of cash - directors fees (in shares) 1,148            
Common stock repurchased $ (5) (135)         (140)
Common stock repurchased (in shares) (1,826)            
Share-based compensation expense   7,160         7,160
Balance (ASU 2023-02) at Jun. 30, 2024     $ (10,246)     $ (10,246)  
Balance at Jun. 30, 2024 $ 190,489 $ 4,238,192   $ 1,841,933 $ (620,211)   $ 5,650,403
Balance (in shares) at Jun. 30, 2024 76,195,723           76,195,723