Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Schedule of Other Expense (Income), Net

Other income (expense), net consists of the following ($000’s omitted): 

	Three Months Ended
	March 31,
	2023		2022
Write-offs of deposits and pre-acquisition costs	$	(5,683)	$	(3,510)
Amortization of intangible assets	(2,670)		(2,821)
Interest income	7,096		388
Interest expense	(107)		(86)
Miscellaneous, net	3,182		2,670
Other income (expense), net	$	1,818	$	(3,359)

Schedule of Earnings Per Share

The following table presents the earnings per common share (000's omitted, except per share data):

	Three Months Ended
	March 31,
	2023		2022
Numerator:
Net income	$	532,259	$	454,723
Less: earnings distributed to participating securities	(126)		(218)
Less: undistributed earnings allocated to participating securities	(2,148)		(3,061)
Numerator for basic earnings per share	$	529,985	$	451,444
Add back: undistributed earnings allocated to participating securities	2,148		3,061
Less: undistributed earnings reallocated to participating securities	(2,135)		(3,045)
Numerator for diluted earnings per share	$	529,998	$	451,460
Denominator:
Basic shares outstanding	225,127		245,796
Effect of dilutive securities	830		1,069
Diluted shares outstanding	225,957		246,865
Earnings per share:
Basic	$	2.35	$	1.84
Diluted	$	2.35	$	1.83

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted): 

	March 31, 2023				December 31, 2022
	Other Assets		Accrued and Other Liabilities		Other Assets		Accrued and Other Liabilities
Interest rate lock commitments	$	9,474	$	5,749	$	10,830	$	1,572
Forward contracts	4,029		8,236		4,144		20,853
Whole loan commitments	151		39		806		165
	$	13,654	$	14,024	$	15,780	$	22,590