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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
FCB Financial Holdings, Inc.
Series E Preferred Stock
Preferred Stock
Preferred Stock
Series E Preferred Stock
Common Stock
Common Stock
FCB Financial Holdings, Inc.
Additional Paid-in Capital
Additional Paid-in Capital
FCB Financial Holdings, Inc.
Treasury Stock
Treasury Stock
FCB Financial Holdings, Inc.
AOCI
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
FCB Financial Holdings, Inc.
Beginning balance at Dec. 31, 2018 $ 3,133,602 $ 4,270     $ 195,140   $ 143,300   $ 3,060,561   $ (1,014,746)   $ (94,420) $ 843,767 $ 4,270  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income 563,780                         563,780    
Other comprehensive income (loss), net of income taxes 160,061                       160,061      
Issuance of common stock for earnout payment 11,846   $ 704,146       344 $ 22,043 11,502 $ 682,103            
Common stock reissued     877,570                 $ 1,014,746       $ (137,176)
Fair value of exchanged equity awards and warrants attributed to purchase price     $ 43,972             $ 43,972            
Cash dividends declared on common stock (183,091)                         (183,091)    
Cash dividends declared on preferred stock [1] (22,881)                         (22,881)    
Issuance of preferred stock, net of issuance costs       $ 342,005   $ 342,005                    
Repurchases of common stock including costs to repurchase (725,398)           (725,000)       (725,398)          
Restricted share unit vesting and taxes paid related to net share settlement (8,855)           302   (8,831)         (326)    
Stock options exercised, net 16,176           812   15,364              
Warrants exercised with net settlement and common stock reissued 0               (9,822)   9,838     (16)    
Share-based compensation expense 24,487               24,487              
Ending balance at Dec. 31, 2019 4,941,690 $ (35,721) [2]     537,145   166,801   3,819,336   (715,560)   65,641 1,068,327 $ (35,721) [2]  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income 373,695                         373,695    
Other comprehensive income (loss), net of income taxes 92,994                       92,994      
Issuance of common stock for earnout payment 8,695           379   8,316              
Cash dividends declared on common stock (194,658)                         (194,658)    
Cash dividends declared on preferred stock [1] (33,163)                         (33,163)    
Repurchases of common stock including costs to repurchase (16,246)           (16,200)       (16,246)          
Restricted share unit vesting and taxes paid related to net share settlement (7,575)           389   (7,503)         (461)    
Stock options exercised, net 12,982           564   12,418              
Share-based compensation expense 18,641               18,641              
Ending balance at Dec. 31, 2020 5,161,334       537,145   168,133   3,851,208   (731,806)   158,635 1,178,019    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income 760,467                         760,467    
Other comprehensive income (loss), net of income taxes (240,956)                       (240,956)      
Issuance of common stock for earnout payment 5,080           0   4,955   125          
Cash dividends declared on common stock (193,695)                         (193,695)    
Cash dividends declared on preferred stock [1] (33,163)                         (33,163)    
Repurchases of common stock including costs to repurchase (199,932)           (199,900)       (199,932)          
Restricted share unit vesting and taxes paid related to net share settlement (7,544)           355   (6,254)         (1,645)    
Stock options exercised, net 19,110           896   18,214              
Warrants exercised with net settlement and common stock reissued 0               (113)   116     (3)    
Share-based compensation expense 26,099               26,099              
Ending balance at Dec. 31, 2021 $ 5,296,800       $ 537,145   $ 169,384   $ 3,894,109   $ (931,497)   $ (82,321) $ 1,709,980    
[1] For the years ended December 31, 2021 and 2020, dividends per share were $1.58 and $1.47 for Series D and Series E Preferred Stock, respectively. For the year ended December 31, 2019, dividends per share were $1.58 and $0.73 for Series D and E Preferred Stock. respectively.
[2] For additional information, see "Part II - Item 8. Financial Statements and Supplementary Data - Note 1 - Summary of Significant Accounting Policies.