v3.26.3
Accumulated Other Comprehensive Income or Loss and Earnings Per Share
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income or Loss and Earnings Per Share Accumulated Other Comprehensive Income or Loss and Earnings Per Share
Accumulated 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 (Losses) Gains on
Derivative
Instruments		Accumulated
Foreign
Currency
Translation
Adjustments		Total
Accumulated
Other
Comprehensive (Loss) Income
Balance at June 30, 2026
$(353,779)$(3,065)$(63,954)$(420,798)
Other comprehensive loss during the period, net of tax, before reclassifications(337,472)(101,784)(897)(440,153)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax— (2,821)— (2,821)
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(4)— — (4)
Net other comprehensive loss during the period, net of tax$(337,476)$(104,605)$(897)$(442,978)
Balance at September 30, 2026$(691,255)$(107,670)$(64,851)$(863,776)
Balance at December 31, 2025$(292,829)$49,912 $(52,837)$(295,754)
Other comprehensive loss during the period, net of tax, before reclassifications(398,438)(148,410)(12,014)(558,862)
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax28 (9,172)— (9,144)
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 loss during the period, net of tax$(398,426)$(157,582)$(12,014)$(568,022)
Balance at September 30, 2026$(691,255)$(107,670)$(64,851)$(863,776)
Balance at June 30, 2025
$(369,968)$53,920 $(50,185)$(366,233)
Other comprehensive income (loss) during the period, net of tax, before reclassifications55,886 (754)(7,423)47,709 
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax(199)3,922 — 3,723 
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(7)— — (7)
Net other comprehensive income (loss) during the period, net of tax$55,680 $3,168 $(7,423)$51,425 
Balance at September 30, 2025$(314,288)$57,088 $(57,608)$(314,808)
Balance at December 31, 2024$(429,580)$(11,227)$(67,528)$(508,335)
Other comprehensive income during the period, net of tax, before reclassifications115,227 56,523 9,920 181,670 
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax88 11,792 — 11,880 
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(23)— — (23)
Net other comprehensive income during the period, net of tax$115,292 $68,315 $9,920 $193,527 
Balance at September 30, 2025$(314,288)$57,088 $(57,608)$(314,808)
(In thousands)Amount Reclassified from Accumulated Other Comprehensive Income or Loss for the
Details Regarding the Component of Accumulated Other Comprehensive Income or LossThree Months EndedNine Months EndedImpacted Line on the
Consolidated Statements of Income
September 30,September 30,
2026202520262025
Accumulated unrealized gains (losses) gains on securities
Gains (losses) included in net income$— $269 $(37)$(119)(Losses) gains on investment securities, net
— 269 (37)(119)Income before taxes
Tax effect— (70)9 31 Income tax expense
Net of tax$— $199 $(28)$(88)Net income
Accumulated unrealized gains (losses) gains on derivative instruments
Amount reclassified to interest income on loans$(487)$8,625 $(2,419)$25,911 Interest on loans
Amount reclassified to interest expense on deposits(3,325)(3,325)(9,975)(9,975)Interest on deposits
3,812 (5,300)12,394 (15,936)Income before taxes
Tax effect(991)1,378 (3,222)4,144 Income tax expense
Net of tax$2,821 $(3,922)$9,172 $(11,792)Net income
Earnings per Share

The following table shows the computation of basic and diluted earnings per share for the periods indicated:
Three Months EndedNine Months Ended
(Dollars in thousands, except per share data)September 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
Net income$239,054 $216,254 $700,135 $600,820 
Less: Preferred stock dividends8,367 13,295 25,101 27,277 
Less: Preferred stock redemption— 14,046 — 14,046 
Net income applicable to common shares(A)$230,687 $188,913 $675,034 $559,497 
Weighted average common shares outstanding(B)67,467 66,952 67,383 66,871 
Effect of dilutive potential common shares
Common stock equivalents911 1,028 876 945 
Weighted average common shares and effect of dilutive potential common shares(C)68,378 67,980 68,259 67,816 
Net income per common share:
Basic(A/B)$3.42 $2.82 $10.02 $8.37 
Diluted(A/C)$3.37 $2.78 $9.89 $8.25 

Potentially dilutive common shares can result from stock options, restricted stock unit awards and shares to be issued under the Employee Stock Purchase Plan and the Directors Deferred Fee and Stock Plan, being treated as if they had been either exercised or issued, computed by application of the treasury stock method. While potentially dilutive common shares are typically included in the computation of diluted earnings per share, potentially dilutive common shares are excluded from this computation in periods in which the effect of inclusion would either reduce the loss per share or increase the income per share.
At the January 2026 meeting of the Board of Directors of the Company (the “Board of Directors”), a quarterly cash dividend of $0.55 per share ($2.20 on an annualized basis) was declared. It was paid on February 19, 2026 to shareholders of record as of February 5, 2026. At the April 2026 meeting of the Board of Directors, a quarterly cash dividend of $0.55 per share ($2.20 on an annualized basis) was declared. It was paid on May 28, 2026 to shareholders of record as of May 14, 2026. At the July 2026 meeting of the Board of Directors, a quarterly cash dividend of $0.55 per share ($2.20 on an annualized basis) was declared. It was paid on August 20, 2026 to shareholders of record as of August 6, 2026.