Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The table below shows the activity and accumulated balances for components of other comprehensive income. Information about unrealized gains and losses on securities can be found in Note 3, and information about unrealized gains and losses on cash flow hedge derivatives is located in Note 11.

	Unrealized Gains (Losses) on Securities (1)		Pension Loss		Unrealized Gains (Losses) on Cash Flow Hedge Derivatives (2)		Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance January 1, 2023	$	(1,124,915)	$	(17,186)	$	55,237	$	(1,086,864)
Other comprehensive income (loss) before reclassifications to current earnings	186,868		—		9,225		196,093
Amounts reclassified to current earnings from accumulated other comprehensive income	3,088		360		(4,385)		(937)
Current period other comprehensive income (loss), before tax	189,956		360		4,840		195,156
Income tax (expense) benefit	(47,490)		(90)		(1,210)		(48,790)
Current period other comprehensive income (loss), net of tax	142,466		270		3,630		146,366
Balance March 31, 2023	$	(982,449)	$	(16,916)	$	58,867	$	(940,498)
Balance January 1, 2022	$	23,174	$	(20,668)	$	74,574	$	77,080
Other comprehensive income (loss) before reclassifications to current earnings	(676,353)		—		—		(676,353)
Amounts reclassified to current earnings from accumulated other comprehensive income	—		430		(6,050)		(5,620)
Current period other comprehensive income (loss), before tax	(676,353)		430		(6,050)		(681,973)
Income tax (expense) benefit	169,088		(107)		1,512		170,493
Current period other comprehensive income (loss), net of tax	(507,265)		323		(4,538)		(511,480)
Balance March 31, 2022	$	(484,091)	$	(20,345)	$	70,036	$	(434,400)

(1) The pre-tax amounts reclassified from accumulated other comprehensive income to current earnings are included in "investment securities gains (losses), net" in the consolidated statements of income.

(2) The pre-tax amounts reclassified from accumulated other comprehensive income to current earnings are included in "interest and fees on loans" in the consolidated statements of income.