Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Schedule of Common Stock Outstanding Roll Forward

A roll forward of common stock activity is presented in the following table.

Number of Shares of Common Stock

	Outstanding
	Class A	Class B
Common stock - March 31, 2022	14,996,325	1,005,185
Restricted stock units vested, net of shares held to cover taxes	877	—
Common stock - June 30, 2022	14,997,202	1,005,185

	Outstanding
	Class A		Class B
Common stock - December 31, 2021	8,811,220		1,005,185
Common stock issuance - CIT Merger	6,140,010		—
Restricted stock units vested, net of shares held to cover taxes	45,972		—
Common stock - June 30, 2022	14,997,202	14,997,202	1,005,185

Schedule of Preferred Stock and Depositary Shares

The following table summarizes BancShares’ non-cumulative perpetual preferred stock.

dollars in millions, except share and per share data
Preferred Stock	Issuance Date	Earliest Redemption Date	Par Value	Shares Authorized, Issued and Outstanding	Liquidation Preference Per Share		Total Liquidation Preference		Dividend	Dividend Payment Dates
Series A	March 12, 2020	March 15, 2025	$0.01	345,000	$	1,000	$	345	5.375%	Quarterly in arrears, beginning June 15, 2020
Series B	January 3, 2022	January 4, 2027	$0.01	325,000	1,000		325		5.8%, converting to LIBOR + 3.972% beginning June 15, 2022	Semi-annually during the fixed rate period, then quarterly in arrears, beginning June 15, 2022
Series C	January 3, 2022	January 4, 2027	$0.01	8,000,000	25		200		5.625%	Quarterly in arrears, beginning March 15, 2022