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Accumulated Other Comprehensive Income or Loss and Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
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, 2025 | $ | (373,994) |  |  | $ | 31,747 |  |  | $ | (67,768) |  |  | $ | (410,015) |
Other comprehensive income during the period, net of tax, before reclassifications | 3,970 |  |  | 18,555 |  |  | 17,583 |  |  | 40,108 |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | 64 |  |  | 3,618 |  |  | — |  |  | 3,682 |
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 | (8) |  |  | — |  |  | — |  |  | (8) |
Net other comprehensive income during the period, net of tax | $ | 4,026 |  |  | $ | 22,173 |  |  | $ | 17,583 |  |  | $ | 43,782 |
Balance at June 30, 2025 | $ | (369,968) |  |  | $ | 53,920 |  |  | $ | (50,185) |  |  | $ | (366,233) |
Balance at January 1, 2025 | $ | (429,580) |  |  | $ | (11,227) |  |  | $ | (67,528) |  |  | $ | (508,335) |
Other comprehensive income during the period, net of tax, before reclassifications | 59,341 |  |  | 57,277 |  |  | 17,343 |  |  | 133,961 |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | 287 |  |  | 7,870 |  |  | — |  |  | 8,157 |
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 | (16) |  |  | — |  |  | — |  |  | (16) |
Net other comprehensive income during the period, net of tax | $ | 59,612 |  |  | $ | 65,147 |  |  | $ | 17,343 |  |  | $ | 142,102 |
Balance at June 30, 2025 | $ | (369,968) |  |  | $ | 53,920 |  |  | $ | (50,185) |  |  | $ | (366,233) |
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) |
(In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income or Loss for the |  |
Details Regarding the Component of Accumulated Other Comprehensive Income or Loss |  | Three Months Ended |  | Six Months Ended |  | Impacted Line on the Consolidated Statements of Income
| June 30, |  | June 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |
Accumulated unrealized (losses) gains on securities |  |  |  |  |  |  |  |
Gains included in net income |  | $ | (87) |  |  | $ | 1,204 |  |  | $ | (388) |  |  | $ | 1,178 |  |  | Gains (losses) on investment securities, net
|  | (87) |  |  | 1,204 |  |  | (388) |  |  | 1,178 |  |  | Income before taxes
Tax effect |  | 23 |  |  | (319) |  |  | 101 |  |  | (312) |  |  | Income tax expense
Net of tax |  | $ | (64) |  |  | $ | 885 |  |  | $ | (287) |  |  | $ | 866 |  |  | Net income
Accumulated unrealized gains on derivative instruments |  |  |  |  |  |  |  |  |  |
Amount reclassified to interest income on loans |  | $ | 8,215 |  |  | $ | 23,849 |  |  | $ | 17,286 |  |  | $ | 48,324 |  |  | Interest on Loans
Amount reclassified to interest expense on deposits |  | (3,325) |  |  | (3,325) |  |  | (6,650) |  |  | (7,982) |  |  | Interest on deposits
|  | (4,890) |  |  | (20,524) |  |  | (10,636) |  |  | (40,342) |  |  | Income before taxes
Tax effect |  | 1,272 |  |  | 5,429 |  |  | 2,766 |  |  | 10,671 |  |  | Income tax expense
Net of tax |  | $ | (3,618) |  |  | $ | (15,095) |  |  | $ | (7,870) |  |  | $ | (29,671) |  |  | 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, 2025 |  | June 30, 2024 |  | June 30, 2025 |  | June 30, 2024
Net income |  |  | $ | 195,527 |  |  | $ | 152,388 |  |  | $ | 384,566 |  |  | $ | 339,682 |
Less: Preferred stock dividends |  |  | 6,991 |  |  | 6,991 |  |  | 13,982 |  |  | 13,982 |
Net income applicable to common shares | (A) |  | $ | 188,536 |  |  | $ | 145,397 |  |  | $ | 370,584 |  |  | $ | 325,700 |
Weighted average common shares outstanding | (B) |  | 66,931 |  |  | 61,839 |  |  | 66,829 |  |  | 61,660 |
Effect of dilutive potential common shares |  |  |  |  |  |  |  |  |
Common stock equivalents |  |  | 888 |  |  | 926 |  |  | 903 |  |  | 901 |
Weighted average common shares and effect of dilutive potential common shares | (C) |  | 67,819 |  |  | 62,765 |  |  | 67,732 |  |  | 62,561 |
Net income per common share: |  |  |  |  |  |  |  |  |
Basic | (A/B) |  | $ | 2.82 |  |  | $ | 2.35 |  |  | $ | 5.55 |  |  | $ | 5.28 |
Diluted | (A/C) |  | $ | 2.78 |  |  | $ | 2.32 |  |  | $ | 5.47 |  |  | $ | 5.21 |

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