v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Related Financial Instruments With Off-Balance Sheet Risk
The following table summarizes the outstanding amounts of credit-related financial instruments with off-balance sheet risk:
(In thousands)June 30,
2026
December 31, 2025
Commitments to extend credit$12,589,496 $12,517,384 
Standby letters of credit648,234 636,811 
Commercial letters of credit14,382 22,421 
Total credit-related financial instruments with off-balance sheet risk$13,252,112 $13,176,616 
Schedule of ACL on Unfunded Loan Commitments
The following table summarizes the change in the ACL on loans and leases by portfolio segment:
Three months ended June 30,
20262025
(In thousands)Commercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotal
ACL on loans and leases:
Balance, beginning of period$641,963 $91,471 $733,434 $649,450 $63,871 $713,321 
Provision (benefit)34,207 (1,097)33,110 45,635 (509)45,126 
Charge-offs(40,896)(4,098)(44,994)(39,792)(1,446)(41,238)
Recoveries1,055 1,241 2,296 3,250 1,587 4,837 
Balance, end of period$636,329 $87,517 $723,846 $658,543 $63,503 $722,046 
 Six months ended June 30,
20262025
(In thousands)Commercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotal
ACL on loans and leases:
Balance, beginning of period$631,377 $88,034 $719,411 $635,871 $53,695 $689,566 
Provision 84,001 4,348 88,349 113,838 10,000 123,838 
Charge-offs(81,121)(8,095)(89,216)(95,358)(2,498)(97,856)
Recoveries2,072 3,230 5,302 4,192 2,306 6,498 
Balance, end of period$636,329 $87,517 $723,846 $658,543 $63,503 $722,046 
Individually evaluated for credit losses90,020 799 90,819 95,323 811 96,134 
Collectively evaluated for credit losses$546,309 $86,718 $633,027 $563,220 $62,692 $625,912 
The following table summarizes the activity in the ACL on unfunded loan commitments, which is recorded under the CECL methodology and provides for the unused portion of commitments to lend that are not unconditionally cancellable by the Company:
Three months ended June 30,Six months ended June 30,
(In thousands)2026202520262025
Balance, beginning of period$22,879 $21,443 $24,117 $22,593 
(Benefit) provision for credit losses(1,584)1,381 (2,822)231 
Balance, end of period$21,295 $22,824 $21,295 $22,824