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

9 Months Ended

Sep. 30, 2023

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 July 1, 2023	$	(385,925)	$	(45,259)	$	(42,906)	$	(474,090)
Other comprehensive loss during the period, net of tax, before reclassifications	(130,622)		(45,078)		(6,270)		(181,970)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(118)		13,478		—		13,360
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	(23)		—		—		(23)
Net other comprehensive loss during the period, net of tax	$	(130,763)	$	(31,600)	$	(6,270)	$	(168,633)
Balance at September 30, 2023	$	(516,688)	$	(76,859)	$	(49,176)	$	(642,723)
Balance at January 1, 2023	$	(386,057)	$	7,381	$	(48,960)	$	(427,636)
Other comprehensive loss during the period, net of tax, before reclassifications	(130,028)		(110,931)		(216)		(241,175)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(528)		26,691		—		26,163
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	(75)		—		—		(75)
Net other comprehensive loss during the period, net of tax	$	(130,631)	$	(84,240)	$	(216)	$	(215,087)
Balance at September 30, 2023	$	(516,688)	$	(76,859)	$	(49,176)	$	(642,723)

Balance at July 1, 2022	$	(264,790)	$	57,801	$	(36,048)	$	(243,037)
Other comprehensive loss during the period, net of tax, before reclassifications	(141,758)		(52,072)		(17,822)		(211,652)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(9)		(3,998)		—		(4,007)
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	(32)		—		—		(32)
Net other comprehensive loss during the period, net of tax	$	(141,799)	$	(56,070)	$	(17,822)	$	(215,691)
Balance at September 30, 2022	$	(406,589)	$	1,731	$	(53,870)	$	(458,728)
Balance at January 1, 2022	$	8,724	$	27,111	$	(31,743)	$	4,092
Other comprehensive loss during the period, net of tax, before reclassifications	(415,026)		(26,050)		(22,127)		(463,203)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax	(192)		670		—		478
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	(95)		—		—		(95)
Net other comprehensive loss during the period, net of tax	$	(415,313)	$	(25,380)	$	(22,127)	$	(462,820)
Balance at September 30, 2022	$	(406,589)	$	1,731	$	(53,870)	$	(458,728)

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				Nine Months Ended				Impacted Line on the Consolidated Statements of Income
	September 30,				September 30,
	2023		2022		2023		2022
Accumulated unrealized gains on securities
Gains included in net income	$	158	$	12	$	720	$	262	Losses on investment securities, net
	158		12		720		262		Income before taxes
Tax effect	(40)		(3)		(192)		(70)		Income tax expense
Net of tax	$	118	$	9	$	528	$	192	Net income
Accumulated unrealized gains on derivative instruments
Amount reclassified to interest income on loans	$	22,768	$	—	$	50,501	$	—	Interest on Loans
Amount reclassified to interest expense on deposits	$	(4,657)	$	(5,563)	$	(14,902)	$	(87)	Interest on deposits
Amount reclassified to interest expense on other borrowings	263		112		789		1,001		Interest on other borrowings
	(18,374)		5,451		(36,388)		(914)		Income before taxes
Tax effect	4,896		(1,453)		9,697		244		Income tax expense
Net of tax	$	(13,478)	$	3,998	$	(26,691)	$	(670)	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				Nine Months Ended
(Dollars in thousands, except per share data)		September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Net income		$	164,198	$	142,961	$	499,146	$	364,865
Less: Preferred stock dividends		6,991		6,991		20,973		20,973
Net income applicable to common shares	(A)	$	157,207	$	135,970	$	478,173	$	343,892
Weighted average common shares outstanding	(B)	61,213		60,738		61,119		58,679
Effect of dilutive potential common shares
Common stock equivalents		964		837		888		814
Weighted average common shares and effect of dilutive potential common shares	(C)	62,177		61,575		62,007		59,493
Net income per common share:
Basic	(A/B)	$	2.57	$	2.24	$	7.82	$	5.86
Diluted	(A/C)	$	2.53	$	2.21	$	7.71	$	5.78