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Accumulated Other Comprehensive Income or Loss and Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Schedule of Components of Other Comprehensive Income or Loss | The following tables summarize the components of other comprehensive income or loss, including the related income tax effects, and the related amount reclassified to net income for the periods presented:
(In thousands) | Accumulated Unrealized (Losses) Gains on Securities |  | Accumulated Unrealized Gains (Losses) on Derivative Instruments |  | Accumulated Foreign Currency Translation Adjustments |  | Total Accumulated Other Comprehensive (Loss) Income
Balance at July 1, 2023 | $ | (385,925) |  |  | $ | (45,259) |  |  | $ | (42,906) |  |  | $ | (474,090) |
Other comprehensive loss during the period, net of tax, before reclassifications | (130,622) |  |  | (45,078) |  |  | (6,270) |  |  | (181,970) |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | (118) |  |  | 13,478 |  |  | — |  |  | 13,360 |
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax | (23) |  |  | — |  |  | — |  |  | (23) |
Net other comprehensive loss during the period, net of tax | $ | (130,763) |  |  | $ | (31,600) |  |  | $ | (6,270) |  |  | $ | (168,633) |
Balance at September 30, 2023 | $ | (516,688) |  |  | $ | (76,859) |  |  | $ | (49,176) |  |  | $ | (642,723) |
Balance at January 1, 2023 | $ | (386,057) |  |  | $ | 7,381 |  |  | $ | (48,960) |  |  | $ | (427,636) |
Other comprehensive loss during the period, net of tax, before reclassifications | (130,028) |  |  | (110,931) |  |  | (216) |  |  | (241,175) |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | (528) |  |  | 26,691 |  |  | — |  |  | 26,163 |
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax | (75) |  |  | — |  |  | — |  |  | (75) |
Net other comprehensive loss during the period, net of tax | $ | (130,631) |  |  | $ | (84,240) |  |  | $ | (216) |  |  | $ | (215,087) |
Balance at September 30, 2023 | $ | (516,688) |  |  | $ | (76,859) |  |  | $ | (49,176) |  |  | $ | (642,723) |
Balance at July 1, 2022 | $ | (264,790) |  |  | $ | 57,801 |  |  | $ | (36,048) |  |  | $ | (243,037) |
Other comprehensive loss during the period, net of tax, before reclassifications | (141,758) |  |  | (52,072) |  |  | (17,822) |  |  | (211,652) |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | (9) |  |  | (3,998) |  |  | — |  |  | (4,007) |
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax | (32) |  |  | — |  |  | — |  |  | (32) |
Net other comprehensive loss during the period, net of tax | $ | (141,799) |  |  | $ | (56,070) |  |  | $ | (17,822) |  |  | $ | (215,691) |
Balance at September 30, 2022 | $ | (406,589) |  |  | $ | 1,731 |  |  | $ | (53,870) |  |  | $ | (458,728) |
Balance at January 1, 2022 | $ | 8,724 |  |  | $ | 27,111 |  |  | $ | (31,743) |  |  | $ | 4,092 |
Other comprehensive loss during the period, net of tax, before reclassifications | (415,026) |  |  | (26,050) |  |  | (22,127) |  |  | (463,203) |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | (192) |  |  | 670 |  |  | — |  |  | 478 |
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax | (95) |  |  | — |  |  | — |  |  | (95) |
Net other comprehensive loss during the period, net of tax | $ | (415,313) |  |  | $ | (25,380) |  |  | $ | (22,127) |  |  | $ | (462,820) |
Balance at September 30, 2022 | $ | (406,589) |  |  | $ | 1,731 |  |  | $ | (53,870) |  |  | $ | (458,728) |
Schedule of Other Comprehensive Income Reclassified from AOCI |
(In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the |  |
Details Regarding the Component of Accumulated Other Comprehensive Income (Loss) |  | Three Months Ended |  | Nine Months Ended |  | Impacted Line on the Consolidated Statements of Income
| September 30, |  | September 30, |
| 2023 |  | 2022 |  | 2023 |  | 2022 |
Accumulated unrealized gains on securities |  |  |  |  |  |  |  |
Gains included in net income |  | $ | 158 |  |  | $ | 12 |  |  | $ | 720 |  |  | $ | 262 |  |  | Losses on investment securities, net
|  | 158 |  |  | 12 |  |  | 720 |  |  | 262 |  |  | Income before taxes
Tax effect |  | (40) |  |  | (3) |  |  | (192) |  |  | (70) |  |  | Income tax expense
Net of tax |  | $ | 118 |  |  | $ | 9 |  |  | $ | 528 |  |  | $ | 192 |  |  | Net income
Accumulated unrealized gains on derivative instruments |  |  |  |  |  |  |  |  |  |
Amount reclassified to interest income on loans |  | $ | 22,768 |  |  | $ | — |  |  | $ | 50,501 |  |  | $ | — |  |  | Interest on Loans
Amount reclassified to interest expense on deposits |  | $ | (4,657) |  |  | $ | (5,563) |  |  | $ | (14,902) |  |  | $ | (87) |  |  | Interest on deposits
Amount reclassified to interest expense on other borrowings |  | 263 |  |  | 112 |  |  | 789 |  |  | 1,001 |  |  | Interest on other borrowings
|  | (18,374) |  |  | 5,451 |  |  | (36,388) |  |  | (914) |  |  | Income before taxes
Tax effect |  | 4,896 |  |  | (1,453) |  |  | 9,697 |  |  | 244 |  |  | Income tax expense
Net of tax |  | $ | (13,478) |  |  | $ | 3,998 |  |  | $ | (26,691) |  |  | $ | (670) |  |  | Net income
Schedule of Computation of Basic and Diluted Earnings Per Common Share | The following table shows the computation of basic and diluted earnings per share for the periods indicated:
|  |  | Three Months Ended |  | Nine Months Ended
(Dollars in thousands, except per share data) |  |  | September 30, 2023 |  | September 30, 2022 |  | September 30, 2023 |  | September 30, 2022
Net income |  |  | $ | 164,198 |  |  | $ | 142,961 |  |  | $ | 499,146 |  |  | $ | 364,865 |
Less: Preferred stock dividends |  |  | 6,991 |  |  | 6,991 |  |  | 20,973 |  |  | 20,973 |
Net income applicable to common shares | (A) |  | $ | 157,207 |  |  | $ | 135,970 |  |  | $ | 478,173 |  |  | $ | 343,892 |
Weighted average common shares outstanding | (B) |  | 61,213 |  |  | 60,738 |  |  | 61,119 |  |  | 58,679 |
Effect of dilutive potential common shares |  |  |  |  |  |  |  |  |
Common stock equivalents |  |  | 964 |  |  | 837 |  |  | 888 |  |  | 814 |
Weighted average common shares and effect of dilutive potential common shares | (C) |  | 62,177 |  |  | 61,575 |  |  | 62,007 |  |  | 59,493 |
Net income per common share: |  |  |  |  |  |  |  |  |
Basic | (A/B) |  | $ | 2.57 |  |  | $ | 2.24 |  |  | $ | 7.82 |  |  | $ | 5.86 |
Diluted | (A/C) |  | $ | 2.53 |  |  | $ | 2.21 |  |  | $ | 7.71 |  |  | $ | 5.78 |

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