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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net income $ 80,180 $ 75,838 $ 157,239 $ 149,296
Available-for-sale debt securities:        
Net unrealized holding gains (losses) on debt securities [1] 41,205 10,560 125,266 (4,505)
Defined benefit plans adjustments:        
Other comprehensive income (loss) for the period, net of tax 41,205 10,560 125,266 (4,505)
Total comprehensive income $ 121,385 $ 86,398 $ 282,505 $ 144,791
[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.