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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
Capital surplus
Retained earnings
Treasury stock
Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2020 $ 6,028,687 $ 1,045 $ 22,143 $ 4,571,534 $ 2,260,928 $ (1,016,954) $ 189,991
Increase Decrease In Stockholders Equity              
Net income 262,632       262,632    
Issuance of stock 1,118     1,118      
Dividends declared:              
Common stock [1] (33,754)       (33,754)    
Preferred stock (353)       (353)    
Common stock purchases (3,942)         (3,942)  
Stock based compensation 7,900     (733)   8,633  
Other comprehensive loss, net of tax (364,729)           (364,729)
Ending balance at Mar. 31, 2021 5,897,559 1,045 22,143 4,571,919 2,489,453 (1,012,263) (174,738)
Beginning balance at Dec. 31, 2021 5,969,397 1,046 22,143 4,650,182 2,973,745 (1,352,650) (325,069)
Increase Decrease In Stockholders Equity              
Net income 211,686       211,686    
Issuance of stock 1,199     1,199      
Dividends declared:              
Common stock [1] (42,074)       (42,074)    
Preferred stock (353)       (353)    
Common stock purchases [2] (404,920)     (80,000)   (324,920)  
Stock based compensation 8,480     (270)   8,750  
Other comprehensive loss, net of tax (1,072,169)           (1,072,169)
Ending balance at Mar. 31, 2022 $ 4,671,246 $ 1,046 $ 22,143 $ 4,571,111 $ 3,143,004 $ (1,668,820) $ (1,397,238)
[1] Dividends declared per common share during the quarter ended March 31, 2022 - $0.55 (2021 - $0.40).
[2] During the quarter ended March 31, 2022, the Corporation entered into a $400 million accelerated share repurchase transaction with respect to its common stock. Refer to Note 17 for additional information.