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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
AOCI
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling Interest
Beginning balance at Dec. 31, 2021 $ 5,296,800   $ 537,145 $ 169,384 $ 3,894,109 $ (931,497) $ (82,321) $ 1,709,980   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 757,902             757,902    
Other comprehensive income (loss), net of income taxes (1,359,796)           (1,359,796)      
Cash dividends declared on common stock (197,762)             (197,762)    
Cash dividends declared on preferred stock [1] (33,163)             (33,163)    
Repurchases of common stock including costs to repurchase (12,987)     (13,000)   (12,987)        
Restricted share unit vesting and taxes paid related to net share settlement (9,877)     399 (8,089)     (2,187)    
Stock options exercised, net 7,054     358 6,696          
Share-based compensation expense 27,630       27,630          
Ending 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) 542,141             543,705   (1,564)
Other comprehensive income (loss), net of income taxes 325,044           325,044      
Cash dividends declared on common stock (222,329)             (222,329)    
Cash dividends declared on preferred stock [2] (35,950)             (35,950)    
Restricted share unit vesting and taxes paid related to net share settlement (11,084)     527 (8,938)     (2,673)    
Stock options exercised, net 13,025     692 12,333          
Share-based compensation expense 32,078       32,078          
Acquisition of noncontrolling interest 25,719                 25,719
Ending 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) 479,451             482,460   (3,009)
Other comprehensive income (loss), net of income taxes 146,308           146,308      
Cash dividends declared on common stock (218,009)             (218,009)    
Cash dividends declared on preferred stock [3] (42,903)             (42,903)    
Repurchases of common stock including costs to repurchase (272,343)         (272,343)        
Restricted share unit vesting and taxes paid related to net share settlement (11,545)     528 (9,388)     (2,685)    
Stock options exercised, net 9,040     298 8,742          
Share-based compensation expense 31,556       31,556          
Other 548                 548
Ending balance at Dec. 31, 2024 $ 5,266,251   $ 537,145 $ 172,186 $ 3,986,729 $ (1,216,827) $ (970,765) $ 2,736,089   $ 21,694
[1] For the year ended December 31, 2022, dividends per share were $1.58 for Series D and $1.47 for Series E Preferred Stock.
[2] For the year ended December 31, 2023, dividends per share were $1.92 for Series D and $1.47 for Series E Preferred Stock.
[3] For the year ended December 31, 2024, dividends per share were $2.24 for Series D and $1.78 for Series E Preferred Stock.