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Note 17 - Stockholders' Equity
 9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Equity [Text Block]

17. Stockholders’ Equity

 

Total equity was $2.90 billion as of September 30, 2025, an increase of $56.6 million, from $2.85 billion as of December 31, 2024, primarily due to net income of $224.6 million, other comprehensive income of $25.9 million, stock-based compensation of $4.7 million, proceeds from dividend reinvestment of $2.0 million, and stock issued to directors of $1.0 million, offset by purchase of treasury stock of $127.9 million, common stock cash dividends of $70.9 million, and shares withheld related to net share settlement of RSUs of $2.8 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, 2025, and September 30, 2024, was as follows:

 

   

Three Months Ended September 30, 2025

    

Three Months Ended September 30, 2024

  
   

Pre-tax

    

Tax expense

    

Net-of-tax

    

Pre-tax

    

Tax expense

    

Net-of-tax

  
   

($ In thousands)

  

Beginning balance, loss, net of tax

                                                

Securities AFS

                   $ (69,222 )                   $ (93,060 )

Cash flow hedge derivatives

                     —                       —  

Total

                   $ (69,222 )                   $ (93,060 )
                                                 

Net unrealized gains arising during the period

                                                

Securities AFS

   $ 13,521     $ 3,997     $ 9,524     $ 37,773     $ 11,166     $ 26,607  

Cash flow hedge derivatives

     —       —       —       —       —       —  

Total

   $ 13,521     $ 3,997     $ 9,524     $ 37,773     $ 11,166     $ 26,607  
                                                 

Reclassification adjustment for net losses in net income

                                                

Securities AFS

   $ —     $ —     $ —     $ —     $ —     $ —  

Cash flow hedge derivatives

     —       —       —       —       —       —  

Total

     —       —       —       —       —       —  
                                                 

Total other comprehensive income

                                                

Securities AFS

   $ 13,521     $ 3,997     $ 9,524     $ 37,773     $ 11,166     $ 26,607  

Cash flow hedge derivatives

     —       —       —       —       —       —  

Total

   $ 13,521     $ 3,997     $ 9,524     $ 37,773     $ 11,166     $ 26,607  
                                                 

Ending balance, loss, net of tax

                                                

Securities AFS

                   $ (59,698 )                   $ (66,453 )

Cash flow hedge derivatives

                     —                       —  

Total

                   $ (59,698 )                   $ (66,453 )

 

   

Nine Months Ended September 30, 2025

    

Nine Months Ended September 30, 2024

  
   

Pre-tax

    

Tax expense

    

Net-of-tax

    

Pre-tax

    

Tax expense/ (benefit)

    

Net-of-tax

  
   

($ In thousands)

  

Beginning balance, (loss)/gain, net of tax

                                                

Securities AFS

                   $ (85,607 )                   $ (86,190 )

Cash flow hedge derivatives

                     —                       774  

Total

                   $ (85,607 )                   $ (85,416 )
                                                 

Net unrealized gains/(losses) arising during the period

                                                

Securities AFS

   $ 36,782     $ 10,873     $ 25,909     $ 28,020     $ 8,283     $ 19,737  

Cash flow hedge derivatives

     —       —       —       (1,099 )     (325 )     (774 )

Total

   $ 36,782     $ 10,873     $ 25,909     $ 26,921     $ 7,958     $ 18,963  
                                                 

Reclassification adjustment for net losses in net income

                                                

Securities AFS

   $ —     $ —     $ —     $ —     $ —     $ —  

Cash flow hedge derivatives

     —       —       —       —       —       —  

Total

     —       —       —       —       —       —  
                                                 

Total other comprehensive income/(loss)

                                                

Securities AFS

   $ 36,782     $ 10,873     $ 25,909     $ 28,020     $ 8,283     $ 19,737  

Cash flow hedge derivatives

     —       —       —       (1,099 )     (325 )     (774 )

Total

   $ 36,782     $ 10,873     $ 25,909     $ 26,921     $ 7,958     $ 18,963  
                                                 

Ending balance, loss, net of tax

                                                

Securities AFS

                   $ (59,698 )                   $ (66,453 )

Cash flow hedge derivatives

                     —                       —  

Total

                   $ (59,698 )                   $ (66,453 )