Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of Other Expense (Income), Net

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Write-offs of deposits and pre-acquisition costs	$	(1,490)	$	(4,503)	$	(7,173)	$	(8,013)
Amortization of intangible assets	(2,623)		(2,766)		(5,293)		(5,587)
Interest income	15,302		290		22,398		678
Interest expense	(120)		(65)		(227)		(150)
Miscellaneous, net	2,517		2,823		5,700		5,492
Other income (expense), net	$	13,586	$	(4,221)	$	15,405	$	(7,580)

Schedule of Earnings Per Share

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Numerator:
Net income	$	720,345	$	652,435	$	1,252,604	$	1,107,158
Less: earnings distributed to participating securities	(122)		(217)		(248)		(434)
Less: undistributed earnings allocated to participating securities	(2,365)		(3,672)		(4,597)		(6,721)
Numerator for basic earnings per share	$	717,858	$	648,546	$	1,247,759	$	1,100,003
Add back: undistributed earnings allocated to participating securities	2,365		3,672		4,597		6,721
Less: undistributed earnings reallocated to participating securities	(2,347)		(3,644)		(4,565)		(6,677)
Numerator for diluted earnings per share	$	717,876	$	648,574	$	1,247,791	$	1,100,047
Denominator:
Basic shares outstanding	222,160		236,328		223,635		241,036
Effect of dilutive securities	1,232		1,318		1,031		1,193
Diluted shares outstanding	223,392		237,646		224,666		242,229
Earnings per share:
Basic	$	3.23	$	2.74	$	5.58	$	4.56
Diluted	$	3.21	$	2.73	$	5.55	$	4.54

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): 

	June 30, 2023				December 31, 2022
	Other Assets		Accrued and Other Liabilities		Other Assets		Accrued and Other Liabilities
Interest rate lock commitments	$	4,742	$	7,371	$	10,830	$	1,572
Forward contracts	6,777		107		4,144		20,853
Whole loan commitments	33		99		806		165
	$	11,552	$	7,577	$	15,780	$	22,590