Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

A roll-forward of the components of Accumulated Other Comprehensive Income (Loss) is presented in the table that follows:

($ in thousands)	Available for Sale Securities			HTM Securities Transferred from AFS			Employee Benefit Plans			Cash Flow Hedges			Equity Method Investment			Total
Balance, December 31, 2023	$	(450,748	)	$	(9,385	)	$	(103,061	)	$	(58,306	)	$	373		$	(621,127	)
Net change in unrealized gain (loss)		132,391			—			—			(10,495	)		(344	)		121,552
Reclassification of net loss realized and included in earnings		—			—			3,569			38,120			—			41,689
Valuation adjustments to employee benefit plans		—			—			22,014			—			—			22,014
Amortization of unrealized net loss on securities transferred to HTM		—			1,279			—			—			—			1,279
Income tax expense		(28,958	)		(268	)		(5,555	)		(6,122	)		—			(40,903	)
Balance, September 30, 2024	$	(347,315	)	$	(8,374	)	$	(83,033	)	$	(36,803	)	$	29		$	(475,496	)
Balance, December 31, 2022	$	(584,408	)	$	(10,734	)	$	(97,952	)	$	(79,093	)	$	5		$	(772,182	)
Net change in unrealized gain (loss)		(142,980	)		—			—			(44,823	)		714			(187,089	)
Reclassification of net loss realized and included in earnings		—			—			5,010			28,609			—			33,619
Valuation adjustments to employee benefit plans		—			—			(7,307	)		—			—			(7,307	)
Amortization of unrealized net loss on securities transferred to HTM		—			1,343			—			—			—			1,343
Income tax (expense) benefit		32,757			(302	)		517			3,650			—			36,622
Balance, September 30, 2023	$	(694,631	)	$	(9,693	)	$	(99,732	)	$	(91,657	)	$	719		$	(894,994	)

Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income

The following table shows the line items in the consolidated statements of income affected by amounts reclassified from AOCI.

	Nine Months Ended
Amount reclassified from AOCI (a)	September 30,						Affected line item on
($ in thousands)	2024			2023			the statement of income
Amortization of unrealized net loss on securities transferred to HTM	$	(1,279	)	$	(1,343	)	Interest income
Tax effect		268			302		Income taxes
Net of tax		(1,011	)		(1,041	)	Net income
Amortization of defined benefit pension and post-retirement items		(3,569	)		(5,010	)	Other noninterest expense (b)
Tax effect		775			1,128		Income taxes
Net of tax		(2,794	)		(3,882	)	Net income
Reclassification of unrealized loss on cash flow hedges		(37,257	)		(34,506	)	Interest income
Tax effect		8,257			7,768		Income taxes
Net of tax		(29,000	)		(26,738	)	Net income
Amortization of gain (loss) on terminated cash flow hedges		(863	)		5,897		Interest income
Tax effect		191			(1,327	)	Income taxes
Net of tax		(672	)		4,570		Net income
Total reclassifications, net of tax	$	(33,477	)	$	(27,091	)	Net income

(a)Amounts in parentheses indicate reduction in net income.

(b)These AOCI components are included in the computation of net periodic pension and post-retirement cost that is reported with other noninterest
expense (see Note 11 – Retirement Plans for additional details).