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Note 17 - Stockholders' Equity | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Equity [Text Block] | 17. Stockholders’ Equity Total equity was $2.83 billion as of September 30, 2024, an increase of $93.7 million, from $2.74 billion as of December 31, 2023, primarily due to net income of $205.8 million, other comprehensive income of $19.0 million, stock-based compensation of $4.1 million, and proceeds from dividend reinvestment of $2.2 million, and stock issued to directors of $850 thousand, offset by, common stock cash dividends of $73.8 million, purchase of treasury stock of $60.6 million, and shares withheld related to net share settlement of RSUs of $3.7 million. Activity in accumulated other comprehensive income/(loss), net of tax, and reclassification out of accumulated other comprehensive income/(loss) for the three and nine months ended September 30, 2024, and September 30, 2023, was as follows:
|  | Three Months Ended September 30, 2024 |  |  | Three Months Ended September 30, 2023 |
|  | 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 AFS |  |  |  |  |  |  |  |  |  | $ | (93,060 | ) |  |  |  |  |  |  |  |  |  | $ | (100,704 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 1,655 |
Total |  |  |  |  |  |  |  |  |  | $ | (93,060 | ) |  |  |  |  |  |  |  |  |  | $ | (99,049 | )
Net unrealized gains/(losses) arising during the period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | 37,773 |  |  | $ | 11,166 |  |  | $ | 26,607 |  |  | $ | (34,133 | ) |  | $ | (10,090 | ) |  | $ | (24,043 | )
Cash flow hedge derivatives |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (626 | ) |  |  | (185 | ) |  |  | (441 | )
Total |  | $ | 37,773 |  |  | $ | 11,166 |  |  | $ | 26,607 |  |  | $ | (34,759 | ) |  | $ | (10,275 | ) |  | $ | (24,484 | )
Reclassification adjustment for net losses in net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Cash flow hedge derivatives |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other comprehensive income/(loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | 37,773 |  |  | $ | 11,166 |  |  | $ | 26,607 |  |  | $ | (34,133 | ) |  | $ | (10,090 | ) |  | $ | (24,043 | )
Cash flow hedge derivatives |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (626 | ) |  |  | (185 | ) |  |  | (441 | )
Total |  | $ | 37,773 |  |  | $ | 11,166 |  |  | $ | 26,607 |  |  | $ | (34,759 | ) |  | $ | (10,275 | ) |  | $ | (24,484 | )
Ending balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  |  |  |  |  |  |  |  |  | $ | (66,453 | ) |  |  |  |  |  |  |  |  |  | $ | (124,747 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 1,214 |
Total |  |  |  |  |  |  |  |  |  | $ | (66,453 | ) |  |  |  |  |  |  |  |  |  | $ | (123,533 | )
|  | Nine Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2023 |
|  | 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 AFS |  |  |  |  |  |  |  |  |  | $ | (86,190 | ) |  |  |  |  |  |  |  |  |  | $ | (104,832 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  | 774 |  |  |  |  |  |  |  |  |  |  |  | 2,537 |
Total |  |  |  |  |  |  |  |  |  | $ | (85,416 | ) |  |  |  |  |  |  |  |  |  | $ | (102,295 | )
Net unrealized gains/(losses) arising during the period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | 28,020 |  |  | $ | 8,283 |  |  | $ | 19,737 |  |  | $ | (28,272 | ) |  | $ | (8,357 | ) |  | $ | (19,915 | )
Cash flow hedge derivatives |  |  | (1,099 | ) |  |  | (325 | ) |  |  | (774 | ) |  |  | (1,878 | ) |  |  | (555 | ) |  |  | (1,323 | )
Total |  | $ | 26,921 |  |  | $ | 7,958 |  |  | $ | 18,963 |  |  | $ | (30,150 | ) |  | $ | (8,912 | ) |  | $ | (21,238 | )
Reclassification adjustment for net losses in net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Cash flow hedge derivatives |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other comprehensive income/(loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  | $ | 28,020 |  |  | $ | 8,283 |  |  | $ | 19,737 |  |  | $ | (28,272 | ) |  | $ | (8,357 | ) |  | $ | (19,915 | )
Cash flow hedge derivatives |  |  | (1,099 | ) |  |  | (325 | ) |  |  | (774 | ) |  |  | (1,878 | ) |  |  | (555 | ) |  |  | (1,323 | )
Total |  | $ | 26,921 |  |  | $ | 7,958 |  |  | $ | 18,963 |  |  | $ | (30,150 | ) |  | $ | (8,912 | ) |  | $ | (21,238 | )
Ending balance, gain/(loss), net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities AFS |  |  |  |  |  |  |  |  |  | $ | (66,453 | ) |  |  |  |  |  |  |  |  |  | $ | (124,747 | )
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 1,214 |
Total |  |  |  |  |  |  |  |  |  | $ | (66,453 | ) |  |  |  |  |  |  |  |  |  | $ | (123,533 | )

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