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Note 18 - Stockholders' Equity | 6 Months Ended
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Jun. 30, 2023
Notes to Financial Statements |
Equity [Text Block] | 18. Stockholders’ Equity Total equity was $2.60 billion as of June 30, 2023, an increase of $128.6 million, from $2.47 billion as of December 31, 2022, primarily due to net income of $189.2 million, other comprehensive income of $3.2 million, stock-based compensation of $3.0 million, proceeds from dividend reinvestment of $1.8 million, and stock issued to directors of $0.9 million, offset by, common stock cash dividends of $49.3 million, purchases of treasury stock of $16.7 million, and shares withheld related to net share settlement of RSUs of $3.5 million. Activity in accumulated other comprehensive income/(loss), net of tax, and reclassification out of accumulated other comprehensive income/(loss) for the three and six months ended June 30, 2023, and June 30, 2022, was as follows:
|  | Three months ended June 30, 2023 |  |  | Three months ended June 30, 2022 |
|  | Pre-tax |  |  | Tax expense/ (benefit) |  |  | Net-of-tax |  |  | Pre-tax |  |  | Tax expense/ (benefit) |  |  | Net-of-tax |
|  | (In thousands) |
Beginning balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  | $ | (93,173 | ) |  |  |  |  |  |  |  |  |  | $ | (45,755 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  | 2,096 |  |  |  |  |  |  |  |  |  |  |  | (222 | )
Total |  |  |  |  |  |  |  |  |  | $ | (91,077 | ) |  |  |  |  |  |  |  |  |  | $ | (45,977 | )
Net unrealized gains/(losses) arising during the period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  | $ | (10,691 | ) |  | $ | (3,160 | ) |  | $ | (7,531 | ) |  | $ | (37,557 | ) |  | $ | (11,102 | ) |  | $ | (26,455 | )
Cash flow hedge derivatives |  |  | (626 | ) |  |  | (185 | ) |  |  | (441 | ) |  |  | 1,567 |  |  |  | 463 |  |  |  | 1,104 |
Total |  | $ | (11,317 | ) |  | $ | (3,345 | ) |  | $ | (7,972 | ) |  | $ | (35,990 | ) |  | $ | (10,639 | ) |  | $ | (25,351 | )
Reclassification adjustment for net losses in net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cash flow hedge derivatives |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other comprehensive income/(loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  | $ | (10,691 | ) |  | $ | (3,160 | ) |  | $ | (7,531 | ) |  | $ | (37,557 | ) |  | $ | (11,102 | ) |  | $ | (26,455 | )
Cash flow hedge derivatives |  |  | (626 | ) |  |  | (185 | ) |  |  | (441 | ) |  |  | 1,567 |  |  |  | 463 |  |  |  | 1,104 |
Total |  | $ | (11,317 | ) |  | $ | (3,345 | ) |  | $ | (7,972 | ) |  | $ | (35,990 | ) |  | $ | (10,639 | ) |  | $ | (25,351 | )
Ending balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  | $ | (100,704 | ) |  |  |  |  |  |  |  |  |  | $ | (72,210 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  | 1,655 |  |  |  |  |  |  |  |  |  |  |  | 882 |
Total |  |  |  |  |  |  |  |  |  | $ | (99,049 | ) |  |  |  |  |  |  |  |  |  | $ | (71,328 | )
|  | Six months ended June 30, 2023 |  |  | Six months ended June 30, 2022 |
|  | Pre-tax |  |  | Tax expense/ (benefit) |  |  | Net-of-tax |  |  | Pre-tax |  |  | Tax expense/ (benefit) |  |  | Net-of-tax |
|  | (In thousands) |
Beginning balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  | $ | (104,832 | ) |  |  |  |  |  |  |  |  |  | $ | 211 |
Cash flow hedge derivatives |  |  |  |  |  |  |  | 2,537 |  |  |  |  |  |  |  |  |  |  |  | (3,276 | )
Total |  |  |  |  |  |  |  |  |  | $ | (102,295 | ) |  |  |  |  |  |  |  |  |  | $ | (3,065 | )
Net unrealized gains/(losses) arising during the period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  | $ | 5,860 |  |  | $ | 1,732 |  |  | $ | 4,128 |  |  | $ | (102,812 | ) |  | $ | (30,391 | ) |  | $ | (72,421 | )
Cash flow hedge derivatives |  |  | (1,252 | ) |  |  | (370 | ) |  |  | (882 | ) |  |  | 5,903 |  |  |  | 1,745 |  |  |  | 4,158 |
Total |  | $ | 4,608 |  |  | $ | 1,362 |  |  | $ | 3,246 |  |  | $ | (96,909 | ) |  | $ | (28,646 | ) |  | $ | (68,263 | )
Reclassification adjustment for net losses in net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cash flow hedge derivatives |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other comprehensive income/(loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  | $ | 5,860 |  |  | $ | 1,732 |  |  | $ | 4,128 |  |  | $ | (102,812 | ) |  | $ | (30,391 | ) |  | $ | (72,421 | )
Cash flow hedge derivatives |  |  | (1,252 | ) |  |  | (370 | ) |  |  | (882 | ) |  |  | 5,903 |  |  |  | 1,745 |  |  |  | 4,158 |
Total |  | $ | 4,608 |  |  | $ | 1,362 |  |  | $ | 3,246 |  |  | $ | (96,909 | ) |  | $ | (28,646 | ) |  | $ | (68,263 | )
Ending balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  | $ | (100,704 | ) |  |  |  |  |  |  |  |  |  | $ | (72,210 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  | 1,655 |  |  |  |  |  |  |  |  |  |  |  | 882 |
Total |  |  |  |  |  |  |  |  |  | $ | (99,049 | ) |  |  |  |  |  |  |  |  |  | $ | (71,328 | )

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