Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of the Changes in the Components of Accumulated Other Comprehensive (Loss) Income Balances

The following table presents the changes in the components of AOCI balances for the years ended December 31, 2025, 2024 and 2023:



($ in thousands)	Debt Securities (1)		Cash Flow Hedges		Foreign Currency Translation Adjustments (2)		Total
Balance, December 31, 2022	$	(694,815)	$	(49,531)	$	(21,283)	$	(765,629)



Net unrealized gains (losses) arising during the period	76,930		(4,277)		(56)		72,597
Amounts reclassified from AOCI	16,004		56,432		—		72,436
Changes, net of tax	92,934		52,155		(56)		145,033
Balance, December 31, 2023	$	(601,881)	$	2,624	$	(21,339)	$	(620,596)
Net unrealized gains (losses) arising during the period	50,302		(87,447)		(982)		(38,127)
Amounts reclassified from AOCI	9,427		64,036		—		73,463
Changes, net of tax	59,729		(23,411)		(982)		35,336
Balance, December 31, 2024	$	(542,152)	$	(20,787)	$	(22,321)	$	(585,260)
Net unrealized gains arising during the period	177,668		34,108		1,734		213,510
Amounts reclassified from AOCI	11,252		14,888		—		26,140
Changes, net of tax	188,920		48,996		1,734		239,650
Balance, December 31, 2025	$	(353,232)	$	28,209	$	(20,587)	$	(345,610)

(1)Includes after-tax unamortized losses related to AFS debt securities that were transferred to HTM in 2022.

(2)Represents foreign currency translation adjustments related to the Company’s net investments in non-U.S. operations, including related hedges.

Schedule of Components of Other Comprehensive (Loss) Income, Reclassifications to Net income and the Related Tax Effects

The following table presents the components of other comprehensive (loss) income, reclassifications to net income and the related tax effects for the years ended December 31, 2025, 2024 and 2023:



	Year Ended December 31,
	2025						2024						2023
($ in thousands)	Before-Tax		Tax Effect		Net-of-Tax		Before-Tax		Tax Effect		Net-of-Tax		Before-Tax			Tax Effect		Net-of-Tax
Debt securities:
Net unrealized gains on AFS debt securities arising during the period	$	252,366	$	(74,698)	$	177,668	$	71,259	$	(20,957)	$	50,302	$	109,216		$	(32,286)	$	76,930

Reclassification adjustments:
Net realized losses (gains) on AFS debt securities reclassified into net income (1)	937		(277)		660		(2,069)		612		(1,457)		6,862		(2)	(2,029)		4,833
Amortization of unrealized losses on transferred securities (3)	15,038		(4,446)		10,592		15,452		(4,568)		10,884		15,860			(4,689)		11,171
Net change	268,341		(79,421)		188,920		84,642		(24,913)		59,729		131,938			(39,004)		92,934
Cash flow hedges:
Net unrealized gains (losses) arising during the period	48,016		(13,908)		34,108		(124,382)		36,935		(87,447)		(5,767)			1,490		(4,277)
Net realized losses reclassified into net income (4)	20,959		(6,071)		14,888		91,083		(27,047)		64,036		79,843			(23,411)		56,432
Net change	68,975		(19,979)		48,996		(33,299)		9,888		(23,411)		74,076			(21,921)		52,155
Foreign currency translation adjustments, net of hedges:
Net unrealized gains (losses) arising during the period	1,641		93		1,734		(809)		(173)		(982)		698			(754)		(56)
Net change	1,641		93		1,734		(809)		(173)		(982)		698			(754)		(56)
Other comprehensive income	$	338,957	$	(99,307)	$	239,650	$	50,534	$	(15,198)	$	35,336	$	206,712		$	(61,679)	$	145,033

(1)Pre-tax amounts were reported in Net gains (losses) on AFS debt securities and Provision for Credit Losses on the Consolidated Statement of Income Refer to Note 4 — Securities — Realized Gains and Credit Losses for further details.

(2)Represents the net loss related to an AFS debt security that was written-off in the first quarter of 2023 and subsequently sold during the fourth quarter of 2023.

(3)Represents unrealized losses amortized over the remaining useful lives of securities that were transferred from the AFS to HTM portfolio in 2022.

(4)Pre-tax amounts related to cash flow hedges on variable rate loans and long-term borrowings, where applicable, were reported in Interest and dividend income and in Interest expense, respectively, on the Consolidated Statement of Income. In 2023, pre-tax amount also includes the terminated cash flow hedge where the forecasted cash flows were no longer probable to occur and was reported in Noninterest income on the Consolidated Statement of Income.