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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative effect adoption adjustment
Common Stock
Preferred Stock
Surplus
Retained earnings
Retained earnings
Cumulative effect adoption adjustment
Treasury stock
Accumulated other comprehensive (loss) income
Beginning balance at Dec. 31, 2022 $ 4,093,425 $ 28,752 $ 1,047 $ 22,143 $ 4,790,993 $ 3,834,348 $ 28,752 $ (2,030,178) $ (2,524,928)
Increase Decrease In Stockholders Equity                  
Accounting Standards Update   ASU 2022-02              
Net income 310,139         310,139      
Issuance of stock 3,117       3,117        
Dividends declared:                  
Common stock [1] (79,249)         (79,249)      
Preferred stock (706)         (706)      
Common stock purchases (4,241)             (4,241)  
Stock based compensation 17,279       1,471     15,808  
Other comprehensive loss, net of tax 196,493               196,493
Ending balance at Jun. 30, 2023 4,565,009   1,047 22,143 4,795,581 4,093,284   (2,018,611) (2,328,435)
Beginning balance at Mar. 31, 2023 4,470,725   1,047 22,143 4,792,619 3,982,140   (2,025,399) (2,301,825)
Increase Decrease In Stockholders Equity                  
Net income 151,160         151,160      
Issuance of stock 1,550       1,550        
Dividends declared:                  
Common stock [2] (39,663)         (39,663)      
Preferred stock (353)         (353)      
Common stock purchases (1,271)             (1,271)  
Stock based compensation 9,471       1,412     8,059  
Other comprehensive loss, net of tax (26,610)               (26,610)
Ending balance at Jun. 30, 2023 4,565,009   1,047 22,143 4,795,581 4,093,284   (2,018,611) (2,328,435)
Beginning balance at Dec. 31, 2023 5,146,953   1,048 22,143 4,843,399 4,194,851   (2,018,957) (1,895,531)
Increase Decrease In Stockholders Equity                  
Net income 281,072         281,072      
Issuance of stock 3,567       3,567        
Dividends declared:                  
Common stock [1] (89,695)         (89,695)      
Preferred stock (706)         (706)      
Common stock purchases (6,776)             (6,776)  
Stock based compensation 21,014       5,781     15,233  
Other comprehensive loss, net of tax 17,249               17,249
Ending balance at Jun. 30, 2024 5,372,678   1,048 22,143 4,852,747 4,385,522   (2,010,500) (1,878,282)
Beginning balance at Mar. 31, 2024 5,177,314   1,048 22,143 4,847,466 4,253,030   (2,013,187) (1,933,186)
Increase Decrease In Stockholders Equity                  
Net income 177,789         177,789      
Issuance of stock 1,768       1,768        
Dividends declared:                  
Common stock [2] (44,944)         (44,944)      
Preferred stock (353)         (353)      
Common stock purchases (3,200)             (3,200)  
Stock based compensation 9,400       3,513     5,887  
Other comprehensive loss, net of tax 54,904               54,904
Ending balance at Jun. 30, 2024 $ 5,372,678   $ 1,048 $ 22,143 $ 4,852,747 $ 4,385,522   $ (2,010,500) $ (1,878,282)
[1]
Dividends declared per common share during the six months
 
ended June 30, 2024 - $
1.24
 
(2023 - $
1.10
).
[2]
Dividends declared per common share during the quarter
 
ended June 30, 2024 - $
0.62
 
(2023 - $
0.55
).