Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The table below shows the activity and accumulated balances for components of other comprehensive income. Information about unrealized gains and losses on securities can be found in Note 3, and information about unrealized gains and losses on cash flow hedge derivatives is located in Note 11.

	Unrealized Gains (Losses) on Securities (1)		Pension Loss		Unrealized Gains (Losses) on Cash Flow Hedge Derivatives (2)		Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance January 1, 2023	$	(1,124,915)	$	(17,186)	$	55,237	$	(1,086,864)
Other comprehensive income (loss) before reclassifications to current earnings	(105,030)		—		(34,530)		(139,560)
Amounts reclassified to current earnings from accumulated other comprehensive income	8,444		983		(12,093)		(2,666)
Current period other comprehensive income (loss), before tax	(96,586)		983		(46,623)		(142,226)
Income tax (expense) benefit	24,146		(245)		11,655		35,556
Current period other comprehensive income (loss), net of tax	(72,440)		738		(34,968)		(106,670)
Balance September 30, 2023	$	(1,197,355)	$	(16,448)	$	20,269	$	(1,193,534)
Balance January 1, 2022	$	23,174	$	(20,668)	$	74,574	$	77,080
Other comprehensive income (loss) before reclassifications to current earnings	(1,594,981)		—		(3,464)		(1,598,445)
Amounts reclassified to current earnings from accumulated other comprehensive income	20,274		1,262		(18,322)		3,214
Current period other comprehensive income (loss), before tax	(1,574,707)		1,262		(21,786)		(1,595,231)
Income tax (expense) benefit	393,676		(315)		5,446		398,807
Current period other comprehensive income (loss), net of tax	(1,181,031)		947		(16,340)		(1,196,424)
Balance September 30, 2022	$	(1,157,857)	$	(19,721)	$	58,234	$	(1,119,344)

(1) The pre-tax amounts reclassified from accumulated other comprehensive income to current earnings are included in "investment securities gains (losses), net" in the consolidated statements of income.

(2) The pre-tax amounts reclassified from accumulated other comprehensive income to current earnings are included in "interest and fees on loans" in the consolidated statements of income.