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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net income $ 77,059 $ 73,458
Available-for-sale debt securities:    
Net unrealized holding gains (losses) on debt securities [1] 84,061 (15,065)
Defined benefit plans adjustments:    
Other comprehensive income (loss) for the period, net of tax 84,061 (15,065)
Total comprehensive income $ 161,120 $ 58,393
[1]
Net unrealized holding gains (losses) on available-for-sale
 
debt securities have no tax effect because securities
 
are either tax-exempt, held by an International
 
Banking Entity
(“IBE”), or have a full deferred tax asset
 
valuation allowance.