XML 52 R39.htm IDEA: XBRL DOCUMENT v3.25.2
Variable Interest Entities (Tables)
 6 Months Ended
Jun. 30, 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)June 30, 2025December 31, 2024
Gross investment in LIHTC investments$1,538,516 $1,439,461 
Accumulated amortization(288,773)(222,101)
Net investment in LIHTC investments$1,249,743 $1,217,360 
Unfunded commitments for LIHTC investments$700,153 $720,890 
Schedule of Components of Income Tax Expense (Benefit)
The following table summarizes the amount of income tax credits and other income tax benefits, and investment amortization generated from the Company’s LIHTC investments, which are recognized as a component of income tax expense on the accompanying Condensed Consolidated Statements of Income:
Three months ended June 30,Six months ended June 30,
(In thousands)2025202420252024
Income tax credits and other income tax benefits from LIHTC investments$(40,093)$(27,182)$(81,799)$(55,206)
Investment amortization from LIHTC investments34,611 21,836 66,672 42,249