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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling Interest
Beginning balance at Dec. 31, 2022 $ 4,475,801 $ (297) $ 537,145 $ 170,141 $ 3,920,346 $ (944,484) $ (1,442,117) $ 2,234,770 $ (297) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 472,568             473,364   (796)
Other comprehensive income (loss), net of income taxes (237,287)           (237,287)      
Cash dividends declared on common stock (166,602)             (166,602)    
Cash dividends declared on preferred stock [1] (26,254)             (26,254)    
Restricted share unit vesting and taxes paid related to net share settlement (10,951)     517 (8,821)     (2,647)    
Stock options exercised, net 3,734     202 3,532          
Share-based compensation expense 25,450       25,450          
Acquisition of noncontrolling interest 25,406                 25,406
Ending balance at Sep. 30, 2023 4,561,568   537,145 170,860 3,940,507 (944,484) (1,679,404) 2,512,334   24,610
Beginning balance at Jun. 30, 2023 4,807,768   537,145 170,808 3,933,548 (944,484) (1,395,175) 2,480,686   25,240
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 96,465             97,095   (630)
Other comprehensive income (loss), net of income taxes (284,229)           (284,229)      
Cash dividends declared on common stock (55,564)             (55,564)    
Cash dividends declared on preferred stock [2] (9,672)             (9,672)    
Restricted share unit vesting and taxes paid related to net share settlement (749)     51 (589)     (211)    
Stock options exercised, net 9     1 8          
Share-based compensation expense 7,540       7,540          
Ending balance at Sep. 30, 2023 4,561,568   537,145 170,860 3,940,507 (944,484) (1,679,404) 2,512,334   24,610
Beginning balance at Dec. 31, 2023 5,144,148   537,145 171,360 3,955,819 (944,484) (1,117,073) 2,517,226   24,155
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 290,074             292,034   (1,960)
Other comprehensive income (loss), net of income taxes 343,287           343,287      
Cash dividends declared on common stock (164,352)             (164,352)    
Cash dividends declared on preferred stock [1] (31,325)             (31,325)    
Repurchases of common stock including costs to repurchase (222,646)         (222,646)        
Restricted share unit vesting and taxes paid related to net share settlement (11,168)     510 (9,059)     (2,619)    
Stock options exercised, net 5,914     207 5,707          
Share-based compensation expense 24,239       24,239          
Ending balance at Sep. 30, 2024 5,378,171   537,145 172,077 3,976,706 (1,167,130) (773,786) 2,610,964   22,195
Beginning balance at Jun. 30, 2024 5,076,672   537,145 171,936 3,965,751 (1,066,239) (1,050,374) 2,495,387   23,066
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 180,684             181,555   (871)
Other comprehensive income (loss), net of income taxes 276,588           276,588      
Cash dividends declared on common stock (53,932)             (53,932)    
Cash dividends declared on preferred stock [2] (11,927)             (11,927)    
Repurchases of common stock including costs to repurchase (100,891)         (100,891)        
Restricted share unit vesting and taxes paid related to net share settlement (539)     22 (442)     (119)    
Stock options exercised, net 3,787     119 3,668          
Share-based compensation expense 7,729       7,729          
Ending balance at Sep. 30, 2024 $ 5,378,171   $ 537,145 $ 172,077 $ 3,976,706 $ (1,167,130) $ (773,786) $ 2,610,964   $ 22,195
[1] For the nine months ended September 30, 2024, dividends per share were $1.71 for Series D and $1.26 for Series E Preferred Stock. For the nine months ended September 30, 2023, dividends per share were $1.35 for Series D and $1.10 for Series E Preferred Stock.
[2] For the three months ended September 30, 2024, dividends per share were $0.57 for Series D and $0.52 for Series E Preferred Stock. For the three months ended September 30, 2023, dividends per share were $0.57 for Series D and $0.37 for Series E Preferred Stock.