v3.22.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net income $ 579,150 $ 443,079 $ 331,151
Other comprehensive income (loss), before tax:      
Change in net unrealized gain/loss on securities available for sale during the period (2,143,567) (231,355) 427,331
Change in net unrealized gain on securities transferred to held-to-maturity (737) (971) (1,256)
Reclassification adjustment for net (gains) losses included in net income 0 (69) (108,989)
Total securities available for sale and transferred securities before tax amount (2,144,304) (232,395) 317,086
Defined-benefit post-retirement benefit plans:      
Change in the net actuarial gain/loss before tax amount (5,005) 16,593 (11,518)
Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit) before tax amount 2,964 6,116 5,319
Total defined-benefit post-retirement benefit plans (2,041) 22,709 (6,199)
Reclassification adjustments for (gains) losses included in net income:      
Other comprehensive income (loss), before tax (2,146,345) (209,686) 310,887
Deferred tax expense (benefit) (450,733) (44,034) 65,287
Other comprehensive income (loss), net of tax (1,695,612) (165,652) 245,600
Comprehensive income $ (1,116,462) $ 277,427 $ 576,751