Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of LIHTC Investments and Commitments

The following table summarizes the Company’s LIHTC investments and related unfunded commitments:

(In thousands)	March 31, 2025		December 31, 2024
Gross investment in LIHTC investments	$	1,510,214	$	1,439,461
Accumulated amortization	(254,162)		(222,101)
Net investment in LIHTC investments	$	1,256,052	$	1,217,360
Unfunded commitments for LIHTC investments	$	749,732	$	720,890

Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes the amount of income tax credits and other income tax benefits, and investment amortization generated from the Company’s LIHTC investments, which are recognized as a component of income tax expense on the accompanying Condensed Consolidated Statements of Income:

	Three months ended March 31,
(In thousands)	2025		2024
Income tax credits and other income tax benefits from LIHTC investments	$	(41,706)	$	(28,024)
Investment amortization from LIHTC investments	32,061		20,413