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Accumulated Other Comprehensive Income or Loss and Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

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 April 1, 2024			$	(408,002)					$	(28,329)					$	(48,817)					$	(485,148)
Other comprehensive loss during the period, net of tax, before reclassifications			(15,275)						(23,070)						(2,905)						(41,250)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax			(885)						15,095						—						14,210
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			(10)						—						—						(10)
Net other comprehensive (loss) during the period, net of tax			$	(16,170)					$	(7,975)					$	(2,905)					$	(27,050)
Balance at June 30, 2024			$	(424,172)					$	(36,304)					$	(51,722)					$	(512,198)
Balance at January 1, 2024			$	(350,697)					$	32,049					$	(42,583)					$	(361,231)
Other comprehensive loss during the period, net of tax, before reclassifications			(72,562)						(98,024)						(9,139)						(179,725)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax			(866)						29,671						—						28,805
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			(47)						—						—						(47)
Net other comprehensive loss during the period, net of tax			$	(73,475)					$	(68,353)					$	(9,139)					$	(150,967)
Balance at June 30, 2024			$	(424,172)					$	(36,304)					$	(51,722)					$	(512,198)

Balance at April 1, 2023			$	(351,995)					$	32,809					$	(48,250)					$	(367,436)
Other comprehensive income during the period, net of tax, before reclassifications			(33,909)						(88,533)						5,344						(117,098)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax			(1)						10,465						—						10,464
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			(20)						—						—						(20)
Net other comprehensive income during the period, net of tax			$	(33,930)					$	(78,068)					$	5,344					$	(106,654)
Balance at June 30, 2023			$	(385,925)					$	(45,259)					$	(42,906)					$	(474,090)
Balance at January 1, 2023			$	(386,057)					$	7,381					$	(48,960)					$	(427,636)
Other comprehensive loss during the period, net of tax, before reclassifications			594						(65,854)						6,054						(59,206)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax			(410)						13,214						—						12,804
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			(52)						—						—						(52)
Net other comprehensive loss during the period, net of tax			$	132					$	(52,640)					$	6,054					$	(46,454)
Balance at June 30, 2023			$	(385,925)					$	(45,259)					$	(42,906)					$	(474,090)

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												Six Months Ended												Impacted Line on the Consolidated Statements of Income
						June 30,												June 30,
						2024						2023						2024						2023
Accumulated unrealized gains on securities
Gains included in net income						$	1,204					$	2					$	1,178					$	562					(Losses) gains on investment securities, net
						1,204						2						1,178						562						Income before taxes
Tax effect						(319)						(1)						(312)						(152)						Income tax expense
Net of tax						$	885					$	1					$	866					$	410					Net income
Accumulated unrealized gains on derivative instruments
Amount reclassified to interest income on loans						$	23,849					$	18,661					$	48,324					$	27,733					Interest on Loans
Amount reclassified to interest expense on deposits						$	(3,325)					$	(4,657)					$	(7,982)					$	(10,245)					Interest on deposits
Amount reclassified to interest expense on other borrowings						—						263						—						526						Interest on other borrowings
						(20,524)						(14,267)						(40,342)						(18,014)						Income before taxes
Tax effect						5,429						3,802						10,671						4,800						Income tax expense
Net of tax						$	(15,095)					$	(10,465)					$	(29,671)					$	(13,214)					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												Six Months Ended
(Dollars in thousands, except per share data)									June 30, 2024						June 30, 2023						June 30, 2024						June 30, 2023
Net income									$	152,388					$	154,750					$	339,682					$	334,948
Less: Preferred stock dividends									6,991						6,991						13,982						13,982
Net income applicable to common shares			(A)						$	145,397					$	147,759					$	325,700					$	320,966
Weighted average common shares outstanding			(B)						61,839						61,192						61,660						61,072
Effect of dilutive potential common shares
Common stock equivalents									926						902						901						933
Weighted average common shares and effect of dilutive potential common shares			(C)						62,765						62,094						62,561						62,005
Net income per common share:
Basic			(A/B)						$	2.35					$	2.41					$	5.28					$	5.26
Diluted			(A/C)						$	2.32					$	2.38					$	5.21					$	5.18

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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

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-Topic 830
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-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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