Shareholders' Equity and Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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 April 1, 2022	$	(142,604)	$	56,060	$	(29,455)	$	(115,999)
Other comprehensive (loss) income during the period, net of tax, before reclassifications	(122,154)		999		(6,593)		(127,748)
Amount reclassified from accumulated other comprehensive (loss) income into net income, net of tax	—		742		—		742
Amount reclassified from accumulated other comprehensive (loss) income related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax	(32)		—		—		(32)
Net other comprehensive (loss) income during the period, net of tax	$	(122,186)	$	1,741	$	(6,593)	$	(127,038)
Balance at June 30, 2022	$	(264,790)	$	57,801	$	(36,048)	$	(243,037)

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	(273,268)		26,022		(4,305)		(251,551)
Amount reclassified from accumulated other comprehensive (loss) income into net income, net of tax	(183)		4,668		—		4,485
Amount reclassified from accumulated other comprehensive (loss) income related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax	(63)		—		—		(63)
Net other comprehensive (loss) income during the period, net of tax	$	(273,514)	$	30,690	$	(4,305)	$	(247,129)
Balance at June 30, 2022	$	(264,790)	$	57,801	$	(36,048)	$	(243,037)


Balance at April 1, 2021	$	26,022	$	14,167	$	(30,085)	$	10,104
Other comprehensive income (loss) during the period, net of tax, before reclassifications	4,628		(11,483)		2,309		(4,546)
Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax	(427)		5,036		—		4,609
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	(34)		—		—		(34)
Net other comprehensive income (loss) during the period, net of tax	$	4,167	$	(6,447)	$	2,309	$	29
Balance at June 30, 2021	$	30,189	$	7,720	$	(27,776)	$	10,133

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	(39,891)		20,862		4,489		(14,540)
Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax	(581)		9,948		—		9,367
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	(76)		—		—		(76)
Net other comprehensive (loss) income during the period, net of tax	$	(40,548)	$	30,810	$	4,489	$	(5,249)
Balance at June 30, 2021	$	30,189	$	7,720	$	(27,776)	$	10,133

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				Six Months Ended					Impacted Line on the Consolidated Statements of Income
	June 30,				June 30,
	2022		2021			2022		2021
Accumulated unrealized gains on securities
Gains included in net income	$	—	$	584		$	250	$	794		(Losses) gains on investment securities, net
	—		584			250		794			Income before taxes
Tax effect	—		(157)			(67)		(213)			Income tax expense
Net of tax	$	—	$	427		$	183	$	581		Net income

Accumulated unrealized losses on derivative instruments
Amount reclassified to interest expense on deposits	$	657	$	5,054		$	5,476	$	9,951		Interest on deposits
Amount reclassified to interest expense on other borrowings	355		653			889		1,322			Interest on other borrowings
Amount reclassified to interest expense on junior subordinated debentures	—		1,159			—		2,289			Interest on junior subordinated debentures
	(1,012)		(6,866)			(6,365)		(13,562)			Income before taxes
Tax effect	270		1,830			1,697		3,614			Income tax expense
Net of tax	$	(742)	$	(5,036)		$	(4,668)	$	(9,948)		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				Six Months Ended
(In thousands, except per share data)		June 30, 2022		June 30, 2021			June 30, 2022		June 30, 2021
Net income		$	94,513	$	105,109		$	221,904	$	258,257
Less: Preferred stock dividends		6,991		6,991			13,982		13,982
Net income applicable to common shares	(A)	$	87,522	$	98,118		$	207,922	$	244,275

Weighted average common shares outstanding	(B)	58,063		57,049			57,632		56,977
Effect of dilutive potential common shares
Common stock equivalents		775		726			823		691
Weighted average common shares and effect of dilutive potential common shares	(C)	58,838		57,775			58,455		57,668
Net income per common share:
Basic	(A/B)	$	1.51	$	1.72		$	3.61	$	4.29
Diluted	(A/C)	$	1.49	$	1.70		$	3.56	$	4.24