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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Comparison to Loans Held-for-Sale
The following table compares the fair value to the UPB of residential mortgage loans held for sale:
December 31,
20252024
(In thousands)Fair ValueUPBDifferenceFair ValueUPBDifference
Originated loans held for sale$2,142 $2,068 $74 $297 $283 $14 
Summary of Unobservable Inputs
The following table summarizes the significant inputs used to derive the estimated fair value of the Company’s contingent consideration liability associated with the SecureSave acquisition at December 31, 2025 (dollars in thousands):
Contractual InputsUnobservable Inputs
Measurement dateProgram Deposit ThresholdEarn-Out RateAggregate Maximum Earn-OutProjected Program DepositsEarn-Out Metric Discount RateDeposit VolatilityPayout Present Value FactorFair Value
December 31, 2026$145,000 1.0 %$35,000 $146,700 15.1 %14.0 %0.94$417 
December 31, 2027402,500 1.5 35,000 485,405 15.0 14.0 0.902,998 
December 31, 2028681,000 5.0 35,000 1,034,752 15.0 14.0 0.865,005 
The following table summarizes the significant inputs used to derive the estimated fair value of the Company’s contingent consideration liability associated with the interLINK acquisition at December 31, 2024 (dollars in thousands):
AgreementMaximum AmountProbability of AchievementPayment Term
(in years)		Discount RateFair Value
(i) Re-sign broker dealers (1)
$20799.0 %0.886.40 %$182
(ii) Deposit program growth (2)
$12,500100.0 %0.506.40 %$11,568
(1)The Company re-signed the last existing broker dealer under contract in July 2025, which resulted in the cash payment of $0.2 million and an immaterial fair value adjustment.
(2)During the first quarter of 2025, the Company re-evaluated its estimate of the forecasted achievement date (payment term) for the deposit program growth event earn-out, which resulted in a revised expected achievement date of April 30, 2025, instead of June 30, 2025. This change in estimate resulted in an increase in fair value of $0.9 million. The Company generated the required $2.5 billion in new broker dealer deposit programs in April 2025, which resulted in the cash payment of $12.5 million.
Summary of Fair Values of Assets and Liabilities Measured at Fair Value
The following table summarizes the fair values of assets and liabilities measured at fair value on a recurring basis:
 December 31, 2025
(In thousands)Level 1Level 2Level 3Total
Financial Assets:
Available-for-sale securities:
Government agency debentures$— $197,650 $— $197,650 
Municipal bonds and notes— 109,619 — 109,619 
Agency CMO— 24,856 — 24,856 
Agency MBS— 5,057,273 — 5,057,273 
Agency CMBS— 3,526,010 — 3,526,010 
CMBS— 718,412 — 718,412 
Corporate debt— 328,145 — 328,145 
Private label MBS— 38,052 — 38,052 
Other— 9,483 — 9,483 
Total available-for-sale securities— 10,009,500 — 10,009,500 
Gross derivative instruments, before netting (1)
152 230,049 — 230,201 
Originated loans held for sale— 2,142 — 2,142 
Investments held in Rabbi Trusts15,415 — — 15,415 
Alternative investments measured at NAV (2)
— — — 57,549 
Total financial assets$15,567 $10,241,691 $— $10,314,807 
Financial Liabilities:
Gross derivative instruments, before netting (1)
$417 $223,297 $— $223,714 
Contingent consideration— — 8,420 8,420 
Total financial liabilities$417 $223,297 $8,420 $232,134 
 December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Financial Assets:
Available-for-sale securities:
Government agency debentures$— $186,426 $— $186,426 
Municipal bonds and notes— 110,876 — 110,876 
Agency CMO— 29,043 — 29,043 
Agency MBS— 4,519,785 — 4,519,785 
Agency CMBS— 3,034,392 — 3,034,392 
CMBS— 625,388 — 625,388 
Corporate debt— 452,266 — 452,266 
Private label MBS— 39,219 — 39,219 
Other— 9,205 — 9,205 
Total available-for-sale securities— 9,006,600 — 9,006,600 
Gross derivative instruments, before netting (1)
1,263 300,879 — 302,142 
Originated loans held for sale— 297 — 297 
Investments held in Rabbi Trust13,438 — — 13,438 
Alternative investments measured at NAV (2)
— — — 43,360 
Total financial assets$14,701 $9,307,776 $— $9,365,837 
Financial Liabilities:
Gross derivative instruments, before netting (1)
$43 $311,518 $— $311,561 
Contingent consideration— — 11,750 11,750 
Total financial liabilities$43 $311,518 $11,750 $323,311 
(1)Additional information regarding the impact of netting derivative assets and derivative liabilities, as well as the impact from offsetting cash collateral with the same derivative counterparties, can be found within Note 16: Derivative Financial Instruments.
(2)Certain alternative investments are recorded at NAV. Assets measured at NAV are not classified within the fair value hierarchy.
Summary of Estimated Fair Values of Significant Financial Instruments
The following table summarizes the carrying amounts, estimated fair values, and classifications within the fair value hierarchy of selected financial instruments:
December 31,
 20252024
(In thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Assets:
Level 1
Cash and cash equivalents$2,449,525 $2,449,525 $2,074,434 $2,074,434 
Level 2
Held-to-maturity investment securities, net7,969,575 7,168,583 8,444,191 7,453,123 
Level 3
Loans and leases, net55,877,699 54,892,526 51,815,602 50,245,305 
Liabilities:
Level 2
Deposit liabilities$60,189,495 $60,189,495 $56,518,126 $56,518,126 
Time deposits8,570,318 8,553,998 8,234,954 8,211,582 
Securities sold under agreements to repurchase and federal funds purchased596,738 596,872 344,168 344,166 
FHLB advances2,980,718 2,978,201 2,110,108 2,107,790 
Long-term debt (1)
739,454 791,945 909,185 860,200 
(1)Any unamortized premiums/discounts, debt issuance costs, or basis adjustments to long-term debt, as applicable, are excluded from the determination of fair value.