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Derivative Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts and Fair Values | The following tables present the notional amounts and fair values, including accrued interest, of derivative positions:
| December 31, 2025
| Asset Derivatives |  | Liability Derivatives
(In thousands) | Notional Amounts | Fair Value |  | Notional Amounts | Fair Value
Designated in hedge relationships: |  |  |  |  |
Interest rate derivatives (1) | $ | 4,500,000 |  | $ | 6,258 |  |  | $ | 500,000 |  | $ | 403 |
Not designated in hedge relationships: |  |  |  |  |
Interest rate derivatives (1) | 9,989,160 |  | 223,685 |  |  | 9,989,160 |  | 222,794 |
Mortgage banking derivatives | 4,032 |  | 67 |  |  | — |  | — |
Other (2) | 412,075 |  | 191 |  |  | 1,014,621 |  | 517 |
Total not designated as hedging instruments | 10,405,267 |  | 223,943 |  |  | 11,003,781 |  | 223,311 |
Gross derivative instruments, before netting | $ | 14,905,267 |  | 230,201 |  |  | $ | 11,503,781 |  | 223,714 |
Less: Master netting agreements |  | 65,063 |  |  |  | 65,063 |
Cash collateral pledged |  | 84,056 |  |  |  | 12,053 |
Total derivative instruments, after netting |  | $ | 81,082 |  |  |  | $ | 146,598 |
| December 31, 2024
| Asset Derivatives |  | Liability Derivatives
(In thousands) | Notional Amounts | Fair Value |  | Notional Amounts | Fair Value
Designated as hedging instruments: |  |  |  |  |
Interest rate derivatives (1) | $ | 750,000 |  | $ | 719 |  |  | $ | 4,250,000 |  | $ | 13,169 |
Not designated in hedge relationships: |  |  |  |  |
Interest rate derivatives (1) | 8,693,493 |  | 300,120 |  |  | 8,728,767 |  | 298,296 |
Mortgage banking derivatives | 584 |  | 3 |  |  | — |  | — |
Other (2) | 337,370 |  | 1,300 |  |  | 833,449 |  | 96 |
Total not designated as hedging instruments | 9,031,447 |  | 301,423 |  |  | 9,562,216 |  | 298,392 |
Gross derivative instruments, before netting | $ | 9,781,447 |  | 302,142 |  |  | $ | 13,812,216 |  | 311,561 |
Less: Master netting agreements |  | 31,881 |  |  |  | 31,881 |
Cash collateral pledged |  | 251,212 |  |  |  | 80 |
Total derivative instruments, after netting |  | $ | 19,049 |  |  |  | $ | 279,600 |
(1)The notional amounts of interest rate swaps that were centrally-cleared through clearing housings was $65.3 million at December 31, 2025, and $71.1 million at December 31, 2024, for asset derivatives, and $126.5 million at December 31, 2025, and zero at December 31, 2024, for liability derivatives. Interest rate swaps that are centrally-cleared through clearing houses are “settled-to-market” and considered a single unit of account. In accordance with their rule books, clearing houses record the variation margin transferred for settled-to-market derivatives as a legal settlement of the derivative contract (i.e., the variation margin legally settles the outstanding exposure, but does not result in any other change or reset of the contractual terms of the derivative). The fair values of the Company’s settled-to-market interest rate swaps are presented net on the accompanying Consolidated Balance Sheets and approximated zero. (2)Other derivatives not designated in hedge relationships included foreign currency forward contracts related to lending arrangements, a Visa equity swap transaction, and risk participation agreements. The notional amount of risk participation agreements was $370.1 million at December 31, 2025, and $294.5 million at December 31, 2024, for asset derivatives, and $965.4 million at December 31, 2025, and $796.6 million at December 31, 2024, for liability derivatives, all of which had immaterial related fair values.
Schedule of Derivative Financial Instruments | The following tables represent the offsetting of derivative financial instruments that are subject to master netting agreements:
| December 31, 2025
| Gross Amounts of Recognized Assets/Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Assets/Liabilities Presented in the Statement of Financial Position |  | Gross Amounts Not Offset in the Statement of Financial position |  |
(In thousands) |  |  |  | Financial Instruments |  | Cash Collateral Pledged |  | Net Amount
Asset derivatives | $ | 153,854 |  |  | $ | 65,063 |  |  | $ | 88,791 |  |  | $ | — |  |  | $ | 84,056 |  |  | $ | 4,735 |
Liability derivatives | 77,167 |  |  | 65,063 |  |  | 12,104 |  |  | — |  |  | 12,053 |  |  | 51 |
| December 31, 2024
| Gross Amounts of Recognized Assets/Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Assets/Liabilities Presented in the Statement of Financial Position |  | Gross Amounts Not Offset in the Statement of Financial position |  |
(In thousands) |  |  |  | Financial Instruments |  | Cash Collateral Pledged |  | Net Amount
Asset derivatives | $ | 283,185 |  |  | $ | 31,881 |  |  | $ | 251,304 |  |  | $ | — |  |  | $ | 251,212 |  |  | $ | 92 |
Liability derivatives | 32,218 |  |  | 31,881 |  |  | 337 |  |  | — |  |  | 80 |  |  | 257 |
Summary of Income Statement Effect of Derivatives Designated as Hedging Instruments | The following table summarizes the income statement effect of derivatives designated in hedge relationships:
| Recognized In | Years ended December 31,
(In thousands) | Net Interest Income | 2025 |  | 2024 |  | 2023
Fair value hedges: |  |  |  |  |  |
Interest rate derivatives | Deposits interest expense | $ | — |  |  | $ | (1,320) |  |  | $ | 3,194 |
Hedged item | Deposits interest expense | — |  |  | — |  |  | (15) |
Net recognized on fair value hedges (1) |  | $ | — |  |  | $ | 1,320 |  |  | $ | (3,179) |
Cash flow hedges: |  |  |  |  |  |
Interest rate derivatives | Long-term debt interest expense | $ | — |  |  | $ | 34 |  |  | $ | 310 |
Interest rate derivatives | Interest and fees on loans and leases | (10,207) |  |  | (42,005) |  |  | (14,628) |
Net recognized on cash flow hedges (2) |  | $ | (10,207) |  |  | $ | (42,039) |  |  | $ | (14,938) |
(1)The Company de-designated its fair value hedging relationship on $400.0 million of deposits, which pertained to a portion of Ametros’ member deposits, in 2023. The $1.3 million basis adjustment included in the carrying amount of deposits at December 31, 2023, was amortized into interest expense in January 2024 upon the acquisition of Ametros. (2)Additional information regarding the amounts recognized in net income related to cash flow hedge activities can be found within Note 12: Accumulated Other Comprehensive (Loss), Net of Tax.
Summary of Income Statement Effect of Derivatives Not Designated as Hedging Instruments | The following table summarizes the income statement effect of derivatives not designated in hedge relationships:
| Recognized In | Years ended December 31,
(In thousands) | Non-interest Income | 2025 |  | 2024 |  | 2023
Interest rate derivatives | Other income | $ | 8,664 |  |  | $ | (1,480) |  |  | $ | (6,159) |
Mortgage banking derivatives | Other income | 63 |  |  | (34) |  |  | 5 |
Other | Other income | (5,526) |  |  | 4,246 |  |  | (2,476) |
Total not designated in hedge relationships | $ | 3,201 |  |  | $ | 2,732 |  |  | $ | (8,630) |

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