Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income $ 76,415 $ 54,017 $ 151,346 $ 144,911
Cash flow hedges:        
Change in fair value of cash flow hedges (net of tax, $6,271 and $2,547 for the three months and $3,450 and $3,241 for the nine months ended September 30, 2024 and 2023, respectively) 23,589 (9,581) 12,979 (12,192)
AFS securities:        
Unrealized holding gains (losses) arising during period (net of tax, $17,770 and $21,051 for the three months and $8,887 and $21,178 for the nine months ended September 30, 2024 and 2023, respectively) 66,856 (79,193) 33,438 (79,669)
Reclassification adjustment for (gains) losses included in net income (net of tax, $1 and $5,795 for the three months and $1,369 and $8,609 for the nine months ended September 30, 2024 and 2023, respectively) [1] (3) 21,799 5,143 32,383
HTM securities:        
Reclassification adjustment for accretion of unrealized gain on AFS securities transferred to HTM (net of tax) [2] 0 (2) (5) (7)
Bank owned life insurance:        
Unrealized holding (losses) gains arising during the period 0 0 (16) 10
Reclassification adjustment for gains included in net income [3] (162) (62) (497) (145)
Net current period other comprehensive income (loss) 90,280 (67,039) 51,042 (59,620)
Comprehensive income (loss) $ 166,695 $ (13,022) $ 202,388 $ 85,291
[1] The gross amounts reclassified into earnings are reported as "Other operating income" on the Company’s Consolidated Statements of Income with the corresponding income tax effect being reflected as a component of income tax expense.
[2] The gross amounts reclassified into earnings are reported within interest income on the Company’s Consolidated Statements of Income with the corresponding income tax effect being reflected as a component of income tax expense.
[3] Reclassifications in earnings are reported in "Salaries and benefits" expense on the Company’s Consolidated Statements of Income.