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Shareholders' Equity and Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Changes in Shares of Preferred and Common Stock Issued and Common Stock Held as Treasury Shares
The following table shows the changes in shares of preferred and common stock issued and common stock held as treasury shares for the years ended December 31, 2025, 2024, and 2023.
 
 
(shares in thousands)
Series D Preferred Stock Issued Series E Preferred Stock IssuedTotal Preferred Stock Issued Common Stock IssuedTreasury Stock HeldCommon Stock Outstanding
Balance at December 31, 20228,000 14,000 22,000 170,141 24,655 145,486 
Restricted share unit activity— — — 527  527 
Stock options exercised— — — 692 — 692 
Balance at December 31, 20238,000 14,000 22,000 171,360 24,655 146,705 
Restricted share unit activity— — — 528 — 528 
Stock options exercised— — — 298 — 298 
Repurchase of common stock— — — — 6,365 (6,365)
Balance at December 31, 20248,000 14,000 22,000 172,186 31,020 141,166 
Restricted share unit activity   581  581 
Stock options exercised   48  48 
Repurchase of common stock    2,901 (2,901)
Balance at December 31, 20258,000 14,000 22,000 172,815 33,921 138,894 
Schedule of Preferred Stock
The following table presents a summary of preferred stock as of December 31, 2025, 2024, and 2023.
Issuance DatePublic Offering AmountNet ProceedsEarliest Redemption DateLiquidation Preference
Series DJune 21, 2018$200.0  million$195.1  millionJune 21, 2023
$25 per share
Series EJuly 1, 2019$350.0  million$342.0  millionJuly 1, 2024
$25 per share
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)
The following table illustrates activity within the balances in AOCI by component, and is shown for the years ended December 31, 2025, 2024, and 2023.
Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)
(in thousands)Unamortized holding (losses) gains on AFS investment securities transferred to HTM
Net unrealized gains (losses) on AFS investment securities (1)
Net unrealized gains (losses) on Cash Flow Hedges (1)
Total
Balance at December 31, 2022$— $(1,220,263)$(221,854)$(1,442,117)
Other comprehensive income (loss) before reclassifications— 163,813 (30,791)133,022 
Amounts reclassified from AOCI— 58,191 133,831 192,022 
Net current period other comprehensive income (loss)— 222,004 103,040 325,044 
Balance at December 31, 2023$— $(998,259)$(118,814)$(1,117,073)
Other comprehensive income (loss) before reclassifications(537,434)392,169 (53,173)(198,438)
Amounts reclassified from AOCI44,606 194,677 105,463 344,746 
Net current period other comprehensive income (loss)(492,828)586,846 52,290 146,308 
Balance at December 31, 2024$(492,828)$(411,413)$(66,524)$(970,765)
Other comprehensive income (loss) before reclassifications 210,965 33,071 244,036 
Amounts reclassified from AOCI55,112 (534)43,890 98,468 
Net current period other comprehensive income (loss)55,112 210,431 76,961 342,504 
Balance at December 31, 2025$(437,716)$(200,982)$10,437 $(628,261)
(1) For December 31, 2023, the ending balance in net unrealized gains (losses) includes unrealized losses on investment securities available for sale of $16.4 million, and cash flow hedges of $12.7 million, related to residual tax effects remaining in OCI primarily due to previously established deferred tax asset valuation allowances in 2010 and 2011 and state rate changes. For December 31, 2025, and 2024, the ending balance in net unrealized gains (losses) includes unrealized losses on investment securities available for sale of $10.2 million, and cash flow hedges of $11.6 million, related to residual tax effects remaining in OCI primarily due to previously established deferred tax asset valuation allowances in 2010 and 2011 and state rate changes. In accordance with ASC 740-20-45-11(b), under the portfolio approach, these unrealized losses are realized at the time the entire portfolio is sold or disposed.