v3.26.1
Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of LIHTC Investments and Commitments
The following table summarizes the Company’s LIHTC investments and related unfunded commitments:
(In thousands)June 30, 2026December 31, 2025
Gross investment in LIHTC investments$1,657,194 $1,605,955 
Accumulated amortization(414,778)(337,375)
Net investment in LIHTC investments$1,242,416 $1,268,580 
Unfunded commitments for LIHTC investments$560,229 $634,092 
Schedule of Components of Income Tax Expense (Benefit)
The following table summarizes the amount of income tax credits, other income tax benefits, and investment amortization generated from the Company’s LIHTC investments, which are recognized as a component of income tax expense on the accompanying Condensed Consolidated Statements of Income:
Three months ended June 30,Six months ended June 30,
(In thousands)2026202520262025
Income tax credits and other income tax benefits from LIHTC investments$(48,314)$(40,093)$(98,015)$(81,799)
Investment amortization from LIHTC investments39,050 34,611 77,403 66,672