Shareholders' Equity and Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]

Components Of Other Comprehensive Income (Loss)

The following tables summarize the components of other comprehensive income (loss), including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands).

	Accumulated Unrealized Gains (Losses) on Securities		Accumulated Unrealized Gains (Losses) on Derivative Instruments		Accumulated Foreign Currency Translation Adjustments		Total Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2022	$	8,724	$	27,111	$	(31,743)	$	4,092
Other comprehensive (loss) income during the period, net of tax, before reclassifications	(151,114)		25,023		2,288		(123,803)
Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax	(183)		3,926		—		3,743
Amount reclassified from accumulated other comprehensive income (loss) related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax	(31)		—		—		(31)
Net other comprehensive (loss) income during the period, net of tax	$	(151,328)	$	28,949	$	2,288	$	(120,091)
Balance at March 31, 2022	$	(142,604)	$	56,060	$	(29,455)	$	(115,999)

Balance at January 1, 2021	$	70,737	$	(23,090)	$	(32,265)	$	15,382
Other comprehensive (loss) income during the period, net of tax, before reclassifications	(44,519)		32,345		2,180		(9,994)
Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax	(154)		4,912		—		4,758
Amount reclassified from accumulated other comprehensive income (loss) related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax	(42)		—		—		(42)
Net other comprehensive (loss) income during the period, net of tax	$	(44,715)	$	37,257	$	2,180	$	(5,278)
Balance at March 31, 2021	$	26,022	$	14,167	$	(30,085)	$	10,104

Other Comprehensive Income Reclassified from AOCI

	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the
Details Regarding the Component of Accumulated Other Comprehensive Income (Loss)	Three Months Ended				Impacted Line on the Consolidated Statements of Income
	March 31,
	2022		2021
Accumulated unrealized gains on securities
Gains included in net income	$	250	$	210	(Losses) gains on investment securities, net
	250		210		Income before taxes
Tax effect	(67)		(56)		Income tax expense
Net of tax	$	183	$	154	Net income
Accumulated unrealized losses on derivative instruments
Amount reclassified to interest expense on deposits	$	4,819	$	4,897	Interest on deposits
Amount reclassified to interest expense on other borrowings	534		669		Interest on other borrowings
Amount reclassified to interest expense on junior subordinated debentures	—		1,130		Interest on junior subordinated debentures
	(5,353)		(6,696)		Income before taxes
Tax effect	1,427		1,784		Income tax expense
Net of tax	$	(3,926)	$	(4,912)	Net income

Computation Of Basic And Diluted Earnings Per Common Share

The following table shows the computation of basic and diluted earnings per share for the periods indicated:

		Three Months Ended
(In thousands, except per share data)		March 31, 2022		March 31, 2021
Net income		$	127,391	$	153,148
Less: Preferred stock dividends		6,991		6,991
Net income applicable to common shares	(A)	$	120,400	$	146,157
Weighted average common shares outstanding	(B)	57,196		56,904
Effect of dilutive potential common shares
Common stock equivalents		862		681
Weighted average common shares and effect of dilutive potential common shares	(C)	58,058		57,585
Net income per common share:
Basic	(A/B)	$	2.11	$	2.57
Diluted	(A/C)	$	2.07	$	2.54