Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Summary of the Company's Common and Preferred Stock

A summary of the Company’s common and preferred stock at December 31, 2022 and 2021 is as follows:

	2022		2021
Common Stock:
Shares authorized	100,000,000		100,000,000
Shares issued	60,797,270		58,891,780
Shares outstanding	60,794,008		57,054,091
Cash dividend per share	$	1.36	$	1.24
Preferred Stock:
Shares authorized	20,000,000		20,000,000
Shares issued	5,011,500		5,011,500
Shares outstanding	5,011,500		5,011,500

Components of Other Comprehensive Income (Loss)

The following tables summarize the components of other comprehensive income or loss, including the related income tax effects, and the related amount reclassified to net income for the years ended December 31, 2022, 2021 and 2020:

(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 during the period, net of tax, before reclassifications	(394,332)		(17,295)		(17,217)		(428,844)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(321)		(2,435)		—		(2,756)
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax	(128)		—		—		(128)
Net other comprehensive loss during the period, net of tax	$	(394,781)	$	(19,730)	$	(17,217)	$	(431,728)
Balance at December 31, 2022	$	(386,057)	$	7,381	$	(48,960)	$	(427,636)
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	(61,047)		30,482		522		(30,043)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(789)		19,719		—		18,930
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax	(177)		—		—		(177)
Net other comprehensive (loss) income during the period, net of tax	$	(62,013)	$	50,201	$	522	$	(11,290)
Balance at December 31, 2021	$	8,724	$	27,111	$	(31,743)	$	4,092
Balance at January 1, 2020	$	14,982	$	(13,141)	$	(36,519)	$	(34,678)
Other comprehensive income (loss) during the period, net of tax, before reclassifications	56,086		(23,497)		4,254		36,843
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(162)		13,548		—		13,386
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax	(169)		—		—		(169)
Net other comprehensive income (loss) during the period, net of tax	$	55,755	$	(9,949)	$	4,254	$	50,060
Balance at December 31, 2020	$	70,737	$	(23,090)	$	(32,265)	$	15,382

Other Comprehensive Income Reclassified from AOCI

	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the Years Ended,
Details Regarding the Component of Accumulated Other Comprehensive Income (Loss)	December 31,				Impacted Line on the Consolidated Statements of Income
	2022		2021
	(In thousands)
Accumulated unrealized gains on available-for-sale securities
Gains included in net income	$	439	$	1,079	Gains (losses) on investment securities, net
	439		1,079		Income before taxes
Tax effect	(118)		(290)		Income tax expense
Net of tax	$	321	$	789	Net income
Accumulated unrealized gains (losses) on derivative instruments
Amount reclassified to interest income on loans	$	1,443	$	—	Interest on loans
Amount reclassified to interest expense on deposits	(5,675)		19,640		Interest on deposits
Amount reclassified to interest expense on other borrowings	913		2,560		Interest on other borrowings
Amount reclassified to interest expense on junior subordinated debentures	—		4,683		Interest on junior subordinated debentures
	3,319		(26,883)		Income before taxes
Tax effect	(884)		7,164		Income tax expense
Net of tax	$	2,435	$	(19,719)	Net income