Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of the Changes in Components of Accumulated Other Comprehensive Income Balances

The following tables present the changes in the components of AOCI balances for the three and six months ended June 30, 2026 and 2025:



($ in thousands)	Debt Securities (1)		Cash Flow Hedges		Foreign Currency Translation Adjustments (2)		Total
Balance, April 1, 2025	$	(482,175)	$	10,493	$	(23,333)	$	(495,015)
Net unrealized gains (losses) arising during the period	14,926		14,045		(1,103)		27,868
Amounts reclassified from AOCI	683		4,084		—		4,767
Changes, net of tax	15,609		18,129		(1,103)		32,635
Balance, June 30, 2025	$	(466,566)	$	28,622	$	(24,436)	$	(462,380)

Balance, April 1, 2026	$	(383,752)	$	12,033	$	(16,501)	$	(388,220)
Net unrealized (losses) gains arising during the period	(13,052)		(16,137)		3,676		(25,513)
Amounts reclassified from AOCI	480		(533)		—		(53)
Changes, net of tax	(12,572)		(16,670)		3,676		(25,566)
Balance, June 30, 2026	$	(396,324)	$	(4,637)	$	(12,825)	$	(413,786)

Refer to table footnotes on the following page.



($ in thousands)	Debt Securities (1)		Cash Flow Hedges		Foreign Currency Translation Adjustments (2)		Total
Balance, January 1, 2025	$	(542,152)	$	(20,787)	$	(22,321)	$	(585,260)
Net unrealized gains (losses) arising during the period	72,303		40,370		(2,115)		110,558
Amounts reclassified from AOCI	3,283		9,039		—		12,322
Changes, net of tax	75,586		49,409		(2,115)		122,880
Balance, June 30, 2025	$	(466,566)	$	28,622	$	(24,436)	$	(462,380)

Balance, January 1, 2026	$	(353,232)	$	28,209	$	(20,587)	$	(345,610)
Net unrealized (losses) gains arising during the period	(45,524)		(31,902)		7,762		(69,664)
Amounts reclassified from AOCI	2,432		(944)		—		1,488
Changes, net of tax	(43,092)		(32,846)		7,762		(68,176)
Balance, June 30, 2026	$	(396,324)	$	(4,637)	$	(12,825)	$	(413,786)

(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 investment in non-U.S. operations.

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

The following tables present the components of other comprehensive income (loss), reclassifications to net income and the related tax effects for the three and six months ended June 30, 2026 and 2025:



	Three Months Ended June 30,
	2026						2025
($ in thousands)	Before-Tax		Tax Effect		Net-of-Tax		Before-Tax		Tax Effect		Net-of-Tax
Debt securities:
Net unrealized (losses) gains arising during the period	$	(18,526)	$	5,474	$	(13,052)	$	31,958	$	(17,032)	$	14,926
Reclassification adjustments:
Net realized gains on AFS debt securities reclassified into net income (1)	(2,931)		866		(2,065)		(746)		208		(538)
Amortization of unrealized losses on transferred securities (2)	3,613		(1,068)		2,545		3,772		(2,551)		1,221
Net change	(17,844)		5,272		(12,572)		34,984		(19,375)		15,609
Cash flow hedges:
Net unrealized (losses) gains arising during the period	(22,908)		6,771		(16,137)		18,728		(4,683)		14,045
Net realized (gains) losses reclassified into net income (3)	(758)		225		(533)		5,531		(1,447)		4,084
Net change	(23,666)		6,996		(16,670)		24,259		(6,130)		18,129
Foreign currency translation adjustments, net of hedges:
Net unrealized gains (losses) arising during the period	3,676		—		3,676		(1,330)		227		(1,103)
Net change	3,676		—		3,676		(1,330)		227		(1,103)
Other comprehensive (loss) income	$	(37,834)	$	12,268	$	(25,566)	$	57,913	$	(25,278)	$	32,635



	Six Months Ended June 30,
	2026						2025
($ in thousands)	Before-Tax		Tax Effect		Net-of-Tax		Before-Tax		Tax Effect		Net-of-Tax
Debt securities:
Net unrealized (losses) gains arising during the period	$	(64,612)	$	19,088	$	(45,524)	$	113,496	$	(41,193)	$	72,303
Reclassification adjustments:
Net realized gains on AFS debt securities reclassified into net income (1)	(3,739)		1,105		(2,634)		(877)		247		(630)
Amortization of unrealized losses on transferred securities (2)	7,192		(2,126)		5,066		7,594		(3,681)		3,913
Net change	(61,159)		18,067		(43,092)		120,213		(44,627)		75,586
Cash flow hedges:
Net unrealized (losses) gains arising during the period	(45,290)		13,388		(31,902)		56,194		(15,824)		40,370
Net realized (gains) losses reclassified into net income (3)	(1,341)		397		(944)		12,583		(3,544)		9,039
Net change	(46,631)		13,785		(32,846)		68,777		(19,368)		49,409
Foreign currency translation adjustments, net of hedges:
Net unrealized gains (losses) arising during the period	7,762		—		7,762		(2,342)		227		(2,115)
Net change	7,762		—		7,762		(2,342)		227		(2,115)
Other comprehensive (loss) income	$	(100,028)	$	31,852	$	(68,176)	$	186,648	$	(63,768)	$	122,880

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

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

(3)Pre-tax amounts related to cash flow hedges on variable rate loans were reported in Interest and dividend income on the Consolidated Statement of Income.