Accumulated Other Comprehensive Income or Loss and Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Components of Other Comprehensive Income or 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 periods presented:


(In thousands)	Accumulated Unrealized (Losses) Gains on Securities		Accumulated Unrealized Gains (Losses) on Derivative Instruments		Accumulated Foreign Currency Translation Adjustments		Total Accumulated Other Comprehensive (Loss) Income
Balance at July 1, 2025	$	(369,968)	$	53,920	$	(50,185)	$	(366,233)
Other comprehensive income (loss) during the period, net of tax, before reclassifications	55,886		(754)		(7,423)		47,709
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(199)		3,922		—		3,723
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	(7)		—		—		(7)
Net other comprehensive income (loss) during the period, net of tax	$	55,680	$	3,168	$	(7,423)	$	51,425
Balance at September 30, 2025	$	(314,288)	$	57,088	$	(57,608)	$	(314,808)

Balance at January 1, 2025	$	(429,580)	$	(11,227)	$	(67,528)	$	(508,335)
Other comprehensive income during the period, net of tax, before reclassifications	115,227		56,523		9,920		181,670
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	88		11,792		—		11,880
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	(23)		—		—		(23)
Net other comprehensive income during the period, net of tax	$	115,292	$	68,315	$	9,920	$	193,527
Balance at September 30, 2025	$	(314,288)	$	57,088	$	(57,608)	$	(314,808)



Balance at July 1, 2024	$	(424,172)	$	(36,304)	$	(51,722)	$	(512,198)
Other comprehensive income during the period, net of tax, before reclassifications	124,478		77,308		3,204		204,990
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(39)		15,080		—		15,041
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	(10)		—		—		(10)
Net other comprehensive income during the period, net of tax	$	124,429	$	92,388	$	3,204	$	220,021
Balance at September 30, 2024	$	(299,743)	$	56,084	$	(48,518)	$	(292,177)

Balance at January 1, 2024	$	(350,697)	$	32,049	$	(42,583)	$	(361,231)
Other comprehensive income (loss) during the period, net of tax, before reclassifications	51,916		(20,715)		(5,935)		25,266
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(905)		44,750		—		43,845
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	(57)		—		—		(57)
Net other comprehensive income (loss) during the period, net of tax	$	50,954	$	24,035	$	(5,935)	$	69,054
Balance at September 30, 2024	$	(299,743)	$	56,084	$	(48,518)	$	(292,177)


(In thousands)	Amount Reclassified from Accumulated Other Comprehensive Income or Loss for the
Details Regarding the Component of Accumulated Other Comprehensive Income or Loss	Three Months Ended				Nine Months Ended				Impacted Line on the Consolidated Statements of Income
	September 30,				September 30,
	2025		2024		2025		2024
Accumulated unrealized (losses) gains on securities
Gains included in net income	$	269	$	45	$	(119)	$	1,223	Gains on investment securities, net
	269		45		(119)		1,223		Income before taxes
Tax effect	(70)		(6)		31		(318)		Income tax expense
Net of tax	$	199	$	39	$	(88)	$	905	Net income

Accumulated unrealized gains on derivative instruments
Amount reclassified to interest income on loans	$	8,625	$	23,704	$	25,911	$	72,027	Interest on Loans
Amount reclassified to interest expense on deposits	(3,325)		(3,325)		(9,975)		(11,307)		Interest on deposits


	(5,300)		(20,379)		(15,936)		(60,720)		Income before taxes
Tax effect	1,378		5,299		4,144		15,970		Income tax expense
Net of tax	$	(3,922)	$	(15,080)	$	(11,792)	$	(44,750)	Net income

Schedule of 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				Nine Months Ended
(Dollars in thousands, except per share data)		September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Net income		$	216,254	$	170,001	$	600,820	$	509,683
Less: Preferred stock dividends		13,295		6,991		27,277		20,973
Less: Preferred stock redemption		14,046		—		14,046		—
Net income applicable to common shares	(A)	$	188,913	$	163,010	$	559,497	$	488,710

Weighted average common shares outstanding	(B)	66,952		64,888		66,871		62,743
Effect of dilutive potential common shares
Common stock equivalents		1,028		1,053		945		934
Weighted average common shares and effect of dilutive potential common shares	(C)	67,980		65,941		67,816		63,677
Net income per common share:
Basic	(A/B)	$	2.82	$	2.51	$	8.37	$	7.79
Diluted	(A/C)	$	2.78	$	2.47	$	8.25	$	7.67