Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock [Member]
Morgan Stanley & Co. LLC [Member]
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Morgan Stanley & Co. LLC [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Morgan Stanley & Co. LLC [Member]
Total
Beginning balance at Dec. 31, 2024   $ 118,519 $ 173   $ 2,280,547 $ 1,103,326 $ (359,686)   $ 3,142,879
Net Income (Loss)           49,818     49,818
Other comprehensive income(net of taxes)             25,971   25,971
Dividends on common stock           (30,542)     (30,542)
Dividends on preferred stock           (2,967)     (2,967)
Issuance of common stock under Equity Compensation Plans, stock issuance for services rendered, and vesting of restricted stock, net of shares held for taxes   304     (3,698)       (3,394)
Stock-based compensation expense         3,451       3,451
Ending balance at Mar. 31, 2025   118,823 173   2,280,300 1,119,635 (333,715)   3,185,216
Beginning balance at Dec. 31, 2024   118,519 173   2,280,547 1,103,326 (359,686)   3,142,879
Net Income (Loss)                 69,610
Other comprehensive income(net of taxes)             38,900   38,900
Ending balance at Jun. 30, 2025   188,454 173   3,876,831 1,087,967 (320,786)   4,832,639
Beginning balance at Mar. 31, 2025   118,823 173   2,280,300 1,119,635 (333,715)   3,185,216
Net Income (Loss)           19,791     19,791
Other comprehensive income(net of taxes)             12,929   12,929
Issuance of common stock in regard to forward sale settlement $ 15,080     $ 369,883       $ 384,963  
Issuance of common stock in regard to acquisition   54,530     1,220,717       1,275,247
Dividends on common stock         75        
Dividends on common stock           (48,492)     (48,417)
Dividends on preferred stock           (2,967)     (2,967)
Issuance of common stock under Equity Compensation Plans, stock issuance for services rendered, and vesting of restricted stock, net of shares held for taxes   21     (2,252)       (2,231)
Stock-based compensation expense         8,108       8,108
Ending balance at Jun. 30, 2025   188,454 173   3,876,831 1,087,967 (320,786)   4,832,639
Beginning balance at Dec. 31, 2025   188,563 173   3,888,841 1,184,908 (256,087)   5,006,398
Net Income (Loss)           122,165     122,165
Other comprehensive income(net of taxes)             (22,401)   (22,401)
Dividends on common stock           (52,750)     (52,750)
Dividends on preferred stock           (2,967)     (2,967)
Issuance of common stock under Equity Compensation Plans, stock issuance for services rendered, and vesting of restricted stock, net of shares held for taxes   377     (5,302)       (4,925)
Stock-based compensation expense         6,796       6,796
Ending balance at Mar. 31, 2026   188,940 173   3,890,335 1,251,356 (278,488)   5,052,316
Beginning balance at Dec. 31, 2025   188,563 173   3,888,841 1,184,908 (256,087)   5,006,398
Net Income (Loss)                 283,179
Other comprehensive income(net of taxes)             (20,706)   (20,706)
Ending balance at Jun. 30, 2026   188,759 173   3,885,085 1,356,190 (276,793)   5,153,414
Beginning balance at Mar. 31, 2026   188,940 173   3,890,335 1,251,356 (278,488)   5,052,316
Net Income (Loss)           161,013     161,013
Other comprehensive income(net of taxes)             1,695   1,695
Dividends on common stock           (53,212)     (53,212)
Dividends on preferred stock           (2,967)     (2,967)
Stock purchased under stock repurchase plan   (352)     (9,653)       (10,005)
Excise tax on common stock repurchased         (100)       (100)
Issuance of common stock under Equity Compensation Plans, stock issuance for services rendered, and vesting of restricted stock, net of shares held for taxes   171     (1,682)       (1,511)
Stock-based compensation expense         6,185       6,185
Ending balance at Jun. 30, 2026   $ 188,759 $ 173   $ 3,885,085 $ 1,356,190 $ (276,793)   $ 5,153,414