Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2025

The changes in accumulated other comprehensive income are as follows:


	For the Years Ended December 31
(In thousands)	2025			2024			2023
Net Income	$	464,603		$	372,996		$	366,313
Available for sale (“AFS”) securities:
Change in net unrealized gains on AFS securities arising during the period		117,563			24,251			98,627
Related income tax effect		(28,097	)		(5,840	)		(22,980	)
Net reclassification adjustment for losses included in net income		0			16,296			7,659
Related income tax effect		0			(3,852	)		(1,785	)

		89,466			30,855			81,521

Net effect of AFS securities on other comprehensive income		89,466			30,855			81,521
Cash flow hedge derivatives:
Unrealized (loss) gain on cash flow hedge before reclassification to interest expense		(3,340	)		12,744			6,548
Related income tax effect		798			(2,987	)		(1,526	)
Net reclassification adjustment for gains included in net income		(9,718	)		(20,932	)		(23,574	)
Related income tax effect		2,323			4,926			5,493

Net effect of cash flow hedge derivatives on other comprehensive income		(9,937	)		(6,249	)		(13,059	)
Defined benefit pension plan:
Net actuarial gain during the period		7,089			12,348			2,635
Related income tax expense		(1,694	)		(2,951	)		(613	)
Amortization of net actuarial loss recognized in net income		69			2,315			3,347
Related income tax effect		(17	)		(540	)		(780	)

Net effect of change in defined benefit pension plan on other comprehensive income		5,447			11,172			4,589

Total change in other comprehensive income, net of tax		84,976			35,778			73,051

Total Comprehensive Income	$	549,579		$	408,774		$	439,364

The components of accumulated other comprehensive income for the year ended December 31, 2025 are as follows:


Changes in Accumulated Other Comprehensive Income (AOCI) by Component (a) For the Year Ended December 31, 2025
(Dollars in thousands)	Unrealized Gains/ Losses on AFS Securities		Unrealized Gains/ Losses on Cash Flow Hedges			Defined Benefit Pension Items		Total
Balance at January 1, 2025	$	(247,964)	$	33,706		$	(9,645)	$	(223,903)
Other comprehensive income (loss) before reclassification		89,466		(2,542	)		0		86,924
Amounts reclassified from accumulated other comprehensive income		0		(7,395	)		5,447		(1,948	)

Net current-period other comprehensive income (loss), net of tax		89,466		(9,937	)		5,447		84,976

Balance at December 31, 2025	$	(158,498)	$	23,769		$	(4,198)	$	(138,927)

(a) All amounts are net-of-tax. United has adopted the portfolio approach for purposes of releasing residual tax effects within AOCI.


Reclassifications out of Accumulated Other Comprehensive Income (AOCI) For the Year Ended December 31, 2025
(In thousands) Details about AOCI Components	Amount Reclassified from AOCI			Affected Line Item in the Statement Where Net Income is Presented
Cash flow hedge:
Net reclassification adjustment for gains included in net income	$	(9,718	)		Interest expense

		(9,718	)		Total before tax
Related income tax effect		2,323			Tax expense

		(7,395	)		Net of tax

Pension plan:
Recognized net actuarial gain		7,089	(a)
Amortization of net actuarial loss		69	(b)

		7,158			Total before tax
Related income tax effect		(1,711	)		Tax expense

		5,447			Net of tax

Total reclassifications for the period	$	(1,948	)

(a)	This AOCI component is included in the computation of changes in plan assets (see Note O, Employee Benefit Plans)

(b)	This AOCI component is included in the computation of net periodic pension cost (see Note O, Employee Benefit Plans)