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 April 1, 2025 | $ | (373,994) | | | $ | 31,747 | | | $ | (67,768) | | | $ | (410,015) | | Other comprehensive income during the period, net of tax, before reclassifications | 3,970 | | | 18,555 | | | 17,583 | | | 40,108 | | Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | 64 | | | 3,618 | | | — | | | 3,682 | | 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 | (8) | | | — | | | — | | | (8) | | Net other comprehensive income during the period, net of tax | $ | 4,026 | | | $ | 22,173 | | | $ | 17,583 | | | $ | 43,782 | | Balance at June 30, 2025 | $ | (369,968) | | | $ | 53,920 | | | $ | (50,185) | | | $ | (366,233) | | | | | | | | | | Balance at January 1, 2025 | $ | (429,580) | | | $ | (11,227) | | | $ | (67,528) | | | $ | (508,335) | | Other comprehensive income during the period, net of tax, before reclassifications | 59,341 | | | 57,277 | | | 17,343 | | | 133,961 | | Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | 287 | | | 7,870 | | | — | | | 8,157 | | 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 | (16) | | | — | | | — | | | (16) | | Net other comprehensive income during the period, net of tax | $ | 59,612 | | | $ | 65,147 | | | $ | 17,343 | | | $ | 142,102 | | Balance at June 30, 2025 | $ | (369,968) | | | $ | 53,920 | | | $ | (50,185) | | | $ | (366,233) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at April 1, 2024 | $ | (408,002) | | | $ | (28,329) | | | $ | (48,817) | | | $ | (485,148) | | Other comprehensive loss during the period, net of tax, before reclassifications | (15,275) | | | (23,070) | | | (2,905) | | | (41,250) | | Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | (885) | | | 15,095 | | | — | | | 14,210 | | 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 | (10) | | | — | | | — | | | (10) | | Net other comprehensive loss during the period, net of tax | $ | (16,170) | | | $ | (7,975) | | | $ | (2,905) | | | $ | (27,050) | | Balance at June 30, 2024 | $ | (424,172) | | | $ | (36,304) | | | $ | (51,722) | | | $ | (512,198) | | | | | | | | | | Balance at January 1, 2024 | $ | (350,697) | | | $ | 32,049 | | | $ | (42,583) | | | $ | (361,231) | | Other comprehensive loss during the period, net of tax, before reclassifications | (72,562) | | | (98,024) | | | (9,139) | | | (179,725) | | Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax | (866) | | | 29,671 | | | — | | | 28,805 | | 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 | (47) | | | — | | | — | | | (47) | | Net other comprehensive loss during the period, net of tax | $ | (73,475) | | | $ | (68,353) | | | $ | (9,139) | | | $ | (150,967) | | Balance at June 30, 2024 | $ | (424,172) | | | $ | (36,304) | | | $ | (51,722) | | | $ | (512,198) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | | Amount Reclassified from Accumulated Other Comprehensive Income or Loss for the | | | Details Regarding the Component of Accumulated Other Comprehensive Income or Loss | | Three Months Ended | | Six Months Ended | | Impacted Line on the Consolidated Statements of Income | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Accumulated unrealized (losses) gains on securities | | | | | | | | | Gains included in net income | | $ | (87) | | | $ | 1,204 | | | $ | (388) | | | $ | 1,178 | | | Gains (losses) on investment securities, net | | | (87) | | | 1,204 | | | (388) | | | 1,178 | | | Income before taxes | Tax effect | | 23 | | | (319) | | | 101 | | | (312) | | | Income tax expense | Net of tax | | $ | (64) | | | $ | 885 | | | $ | (287) | | | $ | 866 | | | Net income | | | | | | | | | | | | Accumulated unrealized gains on derivative instruments | | | | | | | | | | | Amount reclassified to interest income on loans | | $ | 8,215 | | | $ | 23,849 | | | $ | 17,286 | | | $ | 48,324 | | | Interest on Loans | Amount reclassified to interest expense on deposits | | (3,325) | | | (3,325) | | | (6,650) | | | (7,982) | | | Interest on deposits | | | | | | | | | | | | | | | | | | | | | | | | | (4,890) | | | (20,524) | | | (10,636) | | | (40,342) | | | Income before taxes | Tax effect | | 1,272 | | | 5,429 | | | 2,766 | | | 10,671 | | | Income tax expense | Net of tax | | $ | (3,618) | | | $ | (15,095) | | | $ | (7,870) | | | $ | (29,671) | | | Net income |
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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 | | Six Months Ended | (Dollars in thousands, except per share data) | | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | Net income | | | $ | 195,527 | | | $ | 152,388 | | | $ | 384,566 | | | $ | 339,682 | | Less: Preferred stock dividends | | | 6,991 | | | 6,991 | | | 13,982 | | | 13,982 | | Net income applicable to common shares | (A) | | $ | 188,536 | | | $ | 145,397 | | | $ | 370,584 | | | $ | 325,700 | | | | | | | | | | | | Weighted average common shares outstanding | (B) | | 66,931 | | | 61,839 | | | 66,829 | | | 61,660 | | Effect of dilutive potential common shares | | | | | | | | | | Common stock equivalents | | | 888 | | | 926 | | | 903 | | | 901 | | Weighted average common shares and effect of dilutive potential common shares | (C) | | 67,819 | | | 62,765 | | | 67,732 | | | 62,561 | | Net income per common share: | | | | | | | | | | Basic | (A/B) | | $ | 2.82 | | | $ | 2.35 | | | $ | 5.55 | | | $ | 5.28 | | Diluted | (A/C) | | $ | 2.78 | | | $ | 2.32 | | | $ | 5.47 | | | $ | 5.21 | |
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