FULTON FINANCIAL CORP, 10-K filed on 2/27/2026
Annual Report
v3.25.4
COVER PAGE - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2025
Feb. 24, 2026
Jun. 30, 2025
Document Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Document Transition Report false    
Entity File Number 001-39680    
Entity Registrant Name FULTON FINANCIAL CORP    
Entity Incorporation, State or Country Code PA    
Entity Tax Identification Number 23-2195389    
Entity Address, Address Line One One Penn Square    
Entity Address, Address Line Two P. O. Box 4887    
Entity Address, City or Town Lancaster,    
Entity Address, State or Province PA    
Entity Address, Postal Zip Code 17604    
City Area Code 717    
Local Phone Number 291-2411    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Emerging Growth Company false    
Entity Small Business false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 3.2
Entity Common Stock, Shares Outstanding   180,010,562  
Documents Incorporated by Reference
Portions of the Definitive Proxy Statement of the Registrant for the Annual Meeting of Shareholders to be held on May 28, 2026 are incorporated by reference in Part III.
    
Entity Central Index Key 0000700564    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
Current Fiscal Year End Date --12-31    
Document Financial Statement Error Correction [Flag] false    
Common Stock      
Document Information [Line Items]      
Title of 12(b) Security Common Stock, $2.50 par value    
Trading Symbol FULT    
Security Exchange Name NASDAQ    
Series A Preferred Stock      
Document Information [Line Items]      
Title of 12(b) Security Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A    
Trading Symbol FULTP    
Security Exchange Name NASDAQ    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Name KPMG LLP
Auditor Location Philadelphia, Pennsylvania
Auditor Firm ID 185
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 271,463 $ 279,041
Interest-bearing deposits with other banks 790,146 784,830
Cash and Cash Equivalents 1,061,609 1,063,871
FRB and FHLB stock 121,009 139,574
Loans held for sale 16,316 25,618
AFS, at estimated fair value 3,407,859 3,410,899
HTM, at amortized cost 1,425,885 1,395,569
Net loans 24,144,884 24,044,919
Less: ACL - loans (364,462) (379,156)
Loans, Net 23,780,422 23,665,763
Net premises and equipment 175,240 195,527
Accrued interest receivable 113,698 117,029
Goodwill and net intangible assets 612,996 635,458
Other assets 1,403,366 1,422,502
Total Assets 32,118,400 32,071,810
LIABILITIES    
Noninterest-bearing 5,256,096 5,499,760
Interest-bearing 21,333,311 20,629,673
Total Deposits 26,589,407 26,129,433
Federal funds purchased 0 0
FHLB advances 250,000 850,000
Senior debt and subordinated debt 367,637 367,316
Other borrowings and interest-bearing liabilities 679,738 564,732
Total Borrowings 1,297,375 1,782,048
Accrued interest payable 17,130 31,620
Other liabilities 724,041 931,384
Total Liabilities 28,627,953 28,874,485
SHAREHOLDERS’ EQUITY    
Preferred stock, no par value, 10,000,000 shares authorized, Series A, 200,000 shares issued as of December 31, 2025 and 2024, liquidation preference of $1,000 per share 192,878 192,878
Common stock, $2.50 par value, 600,000,000 shares authorized, 247,130,331 shares issued as of December 31, 2025 and 245,946,392 issued as of December 31, 2024 617,826 614,866
Additional paid-in capital 1,803,235 1,789,214
Retained earnings 2,024,618 1,775,620
Accumulated other comprehensive loss (198,682) (287,819)
Treasury stock, at cost, 67,235,204 shares in 2025 and 63,857,567 shares in 2024 (949,428) (887,434)
Total Shareholders' Equity 3,490,447 3,197,325
Total Liabilities and Shareholders' Equity $ 32,118,400 $ 32,071,810
v3.25.4
Consolidated Balance Sheets (Parenthetical) - $ / shares
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 200,000 200,000
Preferred stock, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized (in shares) 600,000,000 600,000,000
Common stock, shares issued (in shares) 247,130,331 245,946,392
Treasury Stock, Common, Value 67,235,204 63,857,567
v3.25.4
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST INCOME      
Loans, including fees $ 1,395,992 $ 1,394,969 $ 1,156,373
Investment securities 187,152 136,650 101,518
Other interest income 33,730 50,577 15,345
Total Interest Income 1,616,874 1,582,196 1,273,236
INTEREST EXPENSE      
Deposits 514,693 521,859 292,205
Federal funds purchased 13 2,881 30,417
FHLB advances 24,535 37,793 46,965
Senior debt and subordinated debt 18,404 20,255 21,361
Other borrowings and interest-bearing liabilities 22,882 39,083 28,002
Total Interest Expense 580,527 621,871 418,950
Net Interest Income 1,036,347 960,325 854,286
Provision for credit losses 35,698 71,636 54,036
Net Interest Income After Provision for Credit Losses 1,000,649 888,689 800,250
NON-INTEREST INCOME      
Business Combination, Bargain Purchase, Gain (Loss) Recognized, Amount 0 36,996 0
Non-interest income before investment securities gains 276,768 296,014 228,411
Investment securities (losses) gains, net (2) (20,283) (733)
Total Non-Interest Income 276,766 275,731 227,678
NON-INTEREST EXPENSE      
Salaries and employee benefits 443,546 432,821 377,417
Data processing and software 75,091 77,882 66,471
Net occupancy 68,125 69,359 58,019
Other outside services 49,902 60,586 47,724
FDIC insurance 20,178 23,829 25,565
Equipment 16,176 17,850 14,390
Intangible amortization 22,462 17,830 2,944
Professional fees 5,493 10,857 8,392
Marketing 9,288 8,958 9,004
Acquisition-related expenses 1,182 37,635 0
Other 80,386 62,184 69,281
Total Non-Interest Expense 791,829 819,791 679,207
Income Before Income Taxes 485,586 344,629 348,721
Income taxes 93,977 55,886 64,441
Net Income 391,609 288,743 284,280
Preferred stock dividends (10,248) (10,248) (10,248)
Net Income Available to Common Shareholders $ 381,361 $ 278,495 $ 274,032
PER SHARE:      
Net income available to common shareholders (basic) (in dollars per share) $ 2.10 $ 1.59 $ 1.66
Net income available to common shareholders (diluted) (in dollars per share) 2.08 1.57 1.64
Cash Dividends (in dollars per share) $ 0.73 $ 0.69 $ 0.64
Commercial banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains $ 92,038 $ 84,982 $ 81,160
Wealth management      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 90,584 84,743 75,541
Consumer banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 58,212 55,504 47,197
Mortgage banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 14,477 13,943 10,388
Other      
NON-INTEREST INCOME      
Non-interest income before investment securities gains $ 21,457 $ 19,846 $ 14,125
v3.25.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net Income $ 391,609 $ 288,743 $ 284,280
Unrealized gains (losses) on AFS investment securities:      
Net unrealized holding gains (losses) 64,613 (22,425) 36,023
Reclassification adjustment for securities net change realized in net income 2 15,689 (567)
Amortization of net unrealized gains on AFS investment securities transferred to HTM 5,673 5,609 5,913
Net Unrealized Gains (Losses) on AFS Investment Securities 70,288 (1,127) 41,369
Net unrealized holding gains 739 590 6,998
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges 15,708 18,141 19,995
Net Unrealized Gains on Interest Rate Derivatives Used in Cash Flow Hedges 16,447 18,731 26,993
Defined benefit pension plan and postretirement benefits:      
Unrecognized pension and postretirement income 2,826 7,279 4,777
Amortization of net unrecognized pension and postretirement income (loss) (424) (422) 57
Net Unrealized Gains (Losses) on Defined Benefit Pension and Postretirement Plans 2,402 6,857 4,834
Other Comprehensive Income, Net of Tax 89,137 24,461 73,196
Total Comprehensive Income $ 480,746 $ 313,204 $ 357,476
v3.25.4
Consolidated Statements of Shareholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock Issuance
Preferred Stock
Common Stock
Common Stock
Common Stock Issuance
Additional Paid-in Capital
Additional Paid-in Capital
Common Stock Issuance
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Treasury Stock, Common
Treasury Stock, Common
Common Stock Issuance
Beginning Balance at Dec. 31, 2022 $ 2,579,757   $ 192,878 $ 561,511   $ 1,541,840   $ 1,450,758 $ (385,476) $ (781,754)  
Beginning Balance (in shares) at Dec. 31, 2022     200 167,599              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net Income 284,280             284,280      
Other Comprehensive Income (Loss), Net of Tax 73,196               73,196    
Stock issued 3,160     $ 578   2,548       34  
Stock issued (in shares)       231              
Stock-based compensation awards (repurchases), net 6,981         8,604          
Acquisition of treasury stock (77,056)                 (77,056)  
Acquisition of treasury stock (in shares)       (5,029)              
Preferred stock dividend (10,248)             (10,248)      
Common stock cash dividends (105,490)             (105,490)      
Dividend reinvestment activity (in shares)       408              
Dividend reinvestment activity (5,559)         (132)       (5,691)  
Stock-based compensation awards (repurchases) (in shares)       592              
Stock-based compensation awards (repurchases), net       $ 2,313              
Stock-based compensation awards (repurchases), net                   (3,936)  
Ending Balance at Dec. 31, 2023 2,760,139   $ 192,878 $ 564,402   1,552,860   1,619,300 (312,280) (857,021)  
Ending Balance (in shares) at Dec. 31, 2023     200 163,801              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Unrecognized pension and postretirement income 4,777                    
Amortization of net unrecognized pension and postretirement income (loss) 57                    
Net Income 288,743             288,743      
Other Comprehensive Income (Loss), Net of Tax 24,461               24,461    
Stock issued 275,412     $ 48,348   227,052       12  
Stock issued (in shares)       19,339              
Stock-based compensation awards (repurchases), net 5,686         8,400          
Acquisition of treasury stock (30,348)                 (30,348)  
Acquisition of treasury stock (in shares)       (1,934)              
Preferred stock dividend (10,248)             (10,248)      
Common stock cash dividends (122,175)             (122,175)      
Dividend reinvestment activity (in shares)       322              
Dividend reinvestment activity (5,655)         (902)       (4,753)  
Stock-based compensation awards (repurchases) (in shares)       561              
Stock-based compensation awards (repurchases), net       $ 2,116              
Stock-based compensation awards (repurchases), net                   (4,830)  
Ending Balance at Dec. 31, 2024 3,197,325   $ 192,878 $ 614,866   1,789,214   1,775,620 (287,819) (887,434)  
Ending Balance (in shares) at Dec. 31, 2024     200 182,089              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Unrecognized pension and postretirement income 7,279                    
Amortization of net unrecognized pension and postretirement income (loss) (422)                    
Net Income 391,609             391,609      
Other Comprehensive Income (Loss), Net of Tax 89,137               89,137    
Stock issued   $ 2,382     $ 328   $ 2,054      
Stock issued (in shares)         131            
Stock-based compensation awards (repurchases), net 6,365         10,694          
Acquisition of treasury stock (59,087)                 (59,087)  
Acquisition of treasury stock (in shares)       (3,286)              
Preferred stock dividend (10,248)             (10,248)      
Common stock cash dividends (132,363)             (132,363)      
Dividend reinvestment activity (in shares)       290              
Dividend reinvestment activity (5,327)         (1,273)       (4,054)  
Stock-based compensation awards (repurchases) (in shares)       671              
Stock-based compensation awards (repurchases), net       $ 2,632              
Stock-based compensation awards (repurchases), net                   (6,961)  
Ending Balance at Dec. 31, 2025 3,490,447   $ 192,878 $ 617,826   $ 1,803,235   $ 2,024,618 $ (198,682) $ (949,428)  
Ending Balance (in shares) at Dec. 31, 2025     200 179,895              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Unrecognized pension and postretirement income 2,826                    
Amortization of net unrecognized pension and postretirement income (loss) $ (424)                    
v3.25.4
Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]      
Common Stock cash dividends (usd per share) $ 0.73 $ 0.69 $ 0.64
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 391,609 $ 288,743 $ 284,280
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 35,698 71,636 54,036
Depreciation and amortization of premises and equipment 28,276 39,164 30,055
Net amortization of investment securities premiums 1,378 764 11,231
Accretion (Amortization) of Loan Discounts (47,750) (38,748) 0
Investment securities losses, net 2 20,283 733
Gain on sales of mortgage loans held for sale (8,788) (8,186) (5,094)
Proceeds from sales of mortgage loans held for sale 528,935 547,691 363,406
Originations of mortgage loans held for sale (510,845) (549,965) (366,206)
Intangible amortization 22,462 17,830 2,944
Amortization of Debt Issuance Costs 321 710 750
Business Combination, Bargain Purchase, Gain Recognized, Amount 0 (36,996) 0
Gain (Loss) on Disposition of Property Plant Equipment 1,440 (30) 0
Sale and Leaseback Transaction, Gain (Loss), Net (606) (20,266) 0
Stock-based compensation 13,326 10,516 12,540
Net change in deferred income tax (4,168) (23,187) 24,666
Net change in accrued salaries and benefits 665 19,463 (5,868)
Net change in life insurance cash surrender value (16,196) (19,872) (27,664)
Other changes, net (131,276) 97,015 (16,825)
Total adjustments (87,126) 127,822 78,704
Net cash provided by operating activities 304,483 416,565 362,984
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of AFS investment securities 14,966 2,300,487 213,424
Proceeds from principal repayments and maturities of AFS investment securities 716,270 334,405 149,211
Proceeds from principal repayments and maturities of HTM investment securities 107,501 56,455 59,685
Purchase of AFS investment securities (654,245) (1,744,778) (79,053)
Purchase of HTM investment securities (132,024) (177,947) 0
Net change in FRB and FHLB stock 18,565 22,762 5,781
Net change in loans (101,795) (149,081) (1,100,816)
Net purchases of premises and equipment (20,146) (42,453) (32,958)
Settlement of bank owned life insurance 2,947 2,687 2,264
Proceeds from Sale-Leaseback Transaction 11,323 51,123 0
Net cash received for acquisition 0 1,018,371 0
Net change in tax credit investments (45,541) (42,699) (26,753)
Net cash (used in) provided by investing activities (82,179) 1,629,332 (809,215)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in demand and savings deposits 603,635 478,593 (1,198,222)
Net change in time deposits and brokered deposits (143,661) 1,074 2,086,307
Net change in other borrowings (484,994) (1,951,161) (379,431)
Repayments of senior debt and subordinated debt 0 168,778 5,000
Net proceeds from issuance of common stock 7,709 270,582 3,160
Dividends paid (141,207) (131,698) (115,738)
Acquisition of treasury stock (66,048) (30,348) (77,056)
Net cash (used in) provided by financing activities (224,566) (1,531,736) 314,020
Net Increase in Cash and Cash Equivalents (2,262) 514,161 (132,211)
Cash and Cash Equivalents at Beginning of Year 1,063,871 549,710 681,921
Cash and Cash Equivalents at End of Year 1,061,609 1,063,871 549,710
Cash paid during period for:      
Interest 595,017 658,778 394,052
Income taxes 112,688 29,116 25,319
Supplemental schedule of certain noncash activities      
Noncash or Part Noncash Acquisition, Fair Value of Tangible Assets Acquired 0 4,707,290 0
Noncash or Part Noncash Acquisition, Intangible Assets Acquired 0 92,600 0
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed 0 5,561,979 0
Noncash or Part Noncash Acquisition, Purchase Credit Deteriorated Loans, Credit Discount $ 0 $ 54,631 $ 0
v3.25.4
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business: The Corporation is a financial holding company that provides a full range of banking and financial services to businesses and consumers through its wholly-owned banking subsidiary, Fulton Bank. In addition, the Parent Company owns the following non-bank subsidiaries: Fulton Financial Realty Company, Central Pennsylvania Financial Corp., FFC Penn Square, Inc., Fulton Insurance Services Group, Inc. and Fulton Community Partner, LLC. Collectively, the Parent Company and its subsidiaries are referred to as the Corporation.

The Corporation's primary sources of revenue are interest income on loans, investment securities and other interest-earning assets and fee income earned on its products and services. Its expenses consist of interest expense on deposits and borrowed funds, provision for credit losses, other operating expenses and income taxes. The Corporation's primary competition is other financial services providers operating in its region. Competitors also include financial services providers located outside the Corporation's geographic market as a result of the growth in electronic delivery channels. The Corporation is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by such regulatory agencies.

The Corporation offers, through its banking subsidiary, a full range of retail and commercial banking services primarily in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.

Basis of Financial Statement Presentation: The Consolidated Financial Statements have been prepared in accordance with GAAP and include the accounts of the Parent Company and all wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosed amount of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. The Corporation evaluates subsequent events through the date of the filing of this report with the SEC.

Cash and Cash Equivalents and Restricted Cash: Cash and cash equivalents consists of cash and due from banks and interest-bearing deposits with other banks, which includes restricted cash. Restricted cash comprises cash balances required to be maintained with the FRB, based on customer transaction deposit account levels, and cash balances provided as collateral on derivative contracts and other contracts. See "Note 3 - Restrictions on Cash and Cash Equivalents" for additional information.

FRB and FHLB Stock: The Bank is a member of the FRB and FHLB and is required by federal law to hold stock in these institutions according to predetermined formulas. These restricted investments are carried at cost on the Consolidated Balance Sheets and are periodically evaluated for impairment.

Investments: Debt securities are classified as HTM at the time of purchase when the Corporation has both the intent and ability to hold these investments until they mature. Such debt securities are carried at cost, adjusted for amortization of premiums and accretion of discounts using the effective yield method. The Corporation does not engage in trading activities; however, since the investment portfolio serves as a source of liquidity, most debt securities are classified as AFS. AFS investment securities are carried at estimated fair value with the related unrealized holding gains and losses reported in shareholders' equity as a component of AOCI, net of tax. Realized securities gains and losses are computed using the specific identification method and are recorded on a trade date basis.

HTM Debt Securities: Expected credit losses on HTM debt securities would be recorded in the ACL on HTM debt securities. As of December 31, 2025, no HTM debt securities required an ACL as these investments consist solely of agency-guaranteed residential mortgage-backed and commercial mortgage-backed securities.

AFS Debt Securities: The Bank's AFS rated debt securities are investment grade. In evaluating credit losses on debt securities, management considers factors such as the credit quality of the investments, the credit rating of the security, and the delinquency history of the security. As of December 31, 2025, no AFS debt securities required an ACL.

Fair Value Option: The Corporation has elected to measure mortgage loans held for sale at fair value. Derivative financial instruments related to mortgage banking activities are also recorded at fair value, as detailed under the heading "Derivative Financial Instruments," below. The Corporation determines fair value for its mortgage loans held for sale based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Changes in fair values during the period are recorded as components of mortgage banking income on the
Consolidated Statements of Income. Interest income earned on mortgage loans held for sale is classified in interest income on the Consolidated Statements of Income.

Loans: Loans are stated at amortized cost, except for mortgage loans held for sale, which are carried at fair value. Interest income on loans is accrued as earned.

In general, loans are placed on non-accrual status once they become 90 days delinquent as to principal or interest. In certain cases, a loan may be placed on non-accrual status prior to being 90 days delinquent if there is an indication that the borrower is having difficulty making payments, or the Corporation believes it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. When interest accruals are discontinued, unpaid interest previously credited to income is reversed. Non-accrual loans may be restored to accrual status when all delinquent principal and interest has been paid currently for six consecutive months or the loan is considered adequately secured and in the process of collection. The Corporation generally applies payments received on non-accruing loans to principal until such time as the principal is paid off, after which time any payments received are recognized as interest income. If the Corporation believes that all amounts outstanding on a non-accrual loan will ultimately be collected, payments received subsequent to its classification as a non-accrual loan are allocated between interest income and principal.

A loan that is 90 days delinquent may continue to accrue interest if the loan is both adequately secured and is in the process of collection. Past due status is determined based on contractual due dates for loan payments. An adequately secured loan is one that has collateral with a supported fair value that is sufficient to discharge the debt, and/or has an enforceable guarantee from a financially responsible party. A loan is considered to be in the process of collection if collection is proceeding through legal action or through other activities that are reasonably expected to result in repayment of the debt or restoration to current status in the near future.

Loans deemed to be a loss are written off through a charge against the ACL. Closed-end consumer loans are generally charged- off when they become 120 days past due (180 days for open-end consumer loans) if they are not adequately secured by real estate. All other loans are evaluated for possible charge-off when it is probable that the balance will not be collected, based on the ability of the borrower to pay and the value of the underlying collateral, if any. Principal recoveries of loans previously charged-off are recorded as increases to the ACL.

Loan Origination Fees and Costs: Loan origination fees and the related direct origination costs are deferred and amortized over the life of the loan as an adjustment to interest income using the effective yield method. For mortgage loans sold, net loan origination fees and costs are included in the gain or loss on sale of the related loan, as components of mortgage banking.

Loan Modifications: Loans are accounted for and reported as modified when, for economic or legal reasons, the Corporation grants a concession to a borrower experiencing financial difficulty that it would not otherwise consider. Concessions, whether negotiated or imposed by bankruptcy, granted under a loan modification typically involve a more than insignificant deferral of scheduled loan payments, an extension of a loan's stated maturity date, a reduction in the interest rate or a forgiveness of principal.

Because the effect of most modifications made to loans to borrowers experiencing financial difficulty is already included in the ACL, a change to the ACL is generally not recorded upon modification. When principal forgiveness is provided, the amortized cost basis of the forgiven portion of the loan is written off against the ACL.

Allowance for Credit Losses:

The Corporation follows ASU 2016-13 Financial Instruments - Credit Losses (ASC Topic 326): Measurement of Credit Losses on Financial Instruments. The measurement of expected credit losses under CECL is applicable to financial assets measured at amortized cost, including loans and HTM debt securities. It also applies to OBS credit exposures, such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments, and net investments in leases recognized by a lessor in accordance with ASC Topic 842.

The Corporation has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income.

The ACL consists of loans evaluated collectively and individually for expected credit losses. The ACL represents an estimate of expected credit losses over the expected life of the loans as of the balance sheet date and is recorded as a reduction to net loans. The ACL is increased or decreased (when the provision for credit losses is negative) through the provision for credit losses and increased or decreased (when recoveries of loans previously charged off exceed loans charged off) by charge-offs, net of
recoveries. The reserve for OBS credit exposures includes estimated losses on unfunded loan commitments, letters of credit and other OBS credit exposures.

Loans: The ACL is an estimate of the expected losses to be realized over the life of the loans in the portfolio. The ACL is determined for two distinct categories of loans: (i) loans evaluated collectively for expected credit losses and (ii) loans evaluated individually for expected credit losses.

Loans Evaluated Collectively: Loans evaluated collectively for expected credit losses include accruing loans and non-accrual loans where the total commitment amount is less than $1 million. In determining the ACL, the Corporation uses three inputs to model the estimate. These inputs are the PD rate which estimates the likelihood that a borrower will be unable to meet its debt obligations, the LGD rate which estimates the percentage of an asset that is lost if a borrower defaults, and the EAD balance which estimates the gross exposure under a facility upon default. The PD models were developed based on historical default data. Both internal and external variables are evaluated in the process. The main internal variables are risk rating or delinquency history and indicators of default. The external variables are economic variables obtained from third-party forecasts.

The PD models are transition matrix models that utilize historical credit observations and incorporate economic forecasts to project future default rates using a linear regression methodology for each loan segment. The LGD model uses a vintage loss approach that estimates LGD rates based on the bank’s historical loss experience for each loan segment. The EAD incorporates a prepayment rate and applies the PD rates to estimate the projected exposure at default across the life of each loan. The ACL is calculated by applying the LGD to the EAD at each period across the life of each loan.

The ACL incorporates the Corporation’s historical credit observations, current conditions and reasonable and supportable forecasts that are based on the projected performance of specific economic variables that are statistically correlated with historical PD rates. The reasonable and supportable forecast extends to 24 months and reverts back to an average PD rate using a straight-line reversion methodology over a 12 month period.

The ACL is highly sensitive to the economic forecasts used to develop the reserve. As such, the calculation of the ACL is inherently subjective and requires management to exercise judgment.

The ACL may include qualitative adjustments intended to capture the impact of uncertainties not reflected in the quantitative models. In determining qualitative adjustments, management considers changes in national, regional, and local economic and business conditions and their impact on the lending environment, including underwriting standards and other factors affecting credit losses over the remaining life of each loan.

Loans Evaluated Individually: Loans evaluated individually for expected credit losses include loans on non-accrual status where the commitment amount equals or exceeds $1.0 million. The required ACL for such loans is determined using the present value of expected future cash flows, observable market price or the fair value of collateral.

Loans evaluated individually may have specific allocations of the ACL assigned if the measured value of the loan using one of the noted techniques is less than its current carrying value. For loans measured using the fair value of collateral, if the analysis determines that sufficient collateral value would be available for repayment of the debt, then no allocations would be assigned to those loans. Collateral could be in the form of real estate or business assets, such as accounts receivable or inventory, in the case of commercial and industrial loans. Commercial and industrial loans may also be secured by real estate.

For loans secured by real estate, estimated fair values are determined primarily through appraisals performed by third-party appraisers, discounted to arrive at expected net sale proceeds. For collateral-dependent loans, estimated real estate fair values are also net of estimated selling costs. When a real estate secured loan is impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including: the age of the most recent appraisal; the loan-to-value ratio based on the original appraisal; the condition of the property; the Corporation's experience and knowledge of the real estate market; the purpose of the loan; market factors; payment status; the strength of any guarantors; and the existence and age of other indications of value such as broker price opinions, among others. The Corporation generally obtains updated appraisals performed by third-party appraisers for impaired loans secured predominantly by real estate every 12 months.

When updated appraisals are not obtained for loans secured by real estate, fair values are estimated based on the original appraisal values, as long as the original appraisal indicated an acceptable loan-to-value position and there has not been a significant deterioration in the collateral value since the original appraisal was performed.
For loans with principal balances greater than or equal to $1.0 million secured by non-real estate collateral, such as accounts receivable or inventory, estimated fair values are determined based on borrower financial statements, inventory listings, accounts receivable agings or borrowing base certificates provided by the borrower. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. Liquidation or collection discounts are applied to these assets based upon existing loan evaluation policies.

Management regularly reviews loans in the portfolio to assess credit quality indicators and to determine appropriate loan classification. For commercial loans, commercial mortgages, leases and other loans and construction loans to commercial borrowers, an internal risk rating process is used. The Corporation believes that internal risk ratings are the most relevant credit quality indicator for these types of loans. The migration of loans through the various internal risk rating categories is a significant component of the ACL methodology for these loans, which bases the PD on this migration. Assigning risk ratings involves judgment. Risk ratings may be changed based on ongoing monitoring procedures, or if specific loan review assessments identify a deterioration or an improvement in the loan.

The following is a summary of the Corporation's internal risk rating categories:

•Pass: These loans do not currently pose undue credit risk and can range from the highest to average quality, depending on the degree of potential risk.
•Special Mention: These loans have a heightened credit risk, but not to the point of justifying a classification of Substandard. Loans in this category are currently acceptable but, are nevertheless potentially weak.
•Substandard or Lower: These loans are inadequately protected by current sound worth and paying capacity of the borrower. There exists a well-defined weakness or weaknesses that jeopardize the normal repayment of the debt.

The Corporation considers risk factors such as: local and national economic conditions; trends in delinquencies and non-accrual loans; the diversity of borrower industry types; and the composition of the portfolio by loan type.

OBS Credit Exposures: The reserve for OBS credit exposures is recorded in other liabilities on the Consolidated Balance Sheets, and represents management's estimate of expected losses in its unfunded loan commitments and other OBS credit exposures. The reserve for OBS credit exposures specific to unfunded commitments is determined by estimating future draws and applying the expected loss rates on those draws. Future draws are based on historical averages of utilization rates (i.e., the likelihood of draws taken). The reserve for OBS credit exposures is increased or decreased by charges or reductions to expense, through the provision for credit losses.

Premises and Equipment: Premises and equipment are stated at cost, less accumulated depreciation and amortization. The provision for depreciation and amortization is generally computed using the straight-line method over the estimated useful lives of the related assets, which are a maximum of 50 years for buildings and improvements, 8 years for furniture and 7 years for equipment. Leasehold improvements are amortized over the shorter of the useful life or the non-cancelable lease term.

Premises and equipment acquired in a business combination are initially recorded at fair value and subsequently carried at cost less depreciation and amortization. See "Note 6 - Premises and Equipment" for additional information.

OREO: Assets acquired in settlement of mortgage loan indebtedness are recorded as OREO and are included in other assets on the Consolidated Balance Sheets, initially at the lower of the estimated fair value of the asset, less estimated selling costs, or the carrying amount of the loan. Costs to maintain the assets and subsequent gains and losses on sales are included in other non-interest expense on the Consolidated Statements of Income.

MSRs: The estimated fair value of MSRs related to residential mortgage loans sold and serviced by the Corporation is recorded as an asset upon the sale of such loans. MSRs are amortized as a reduction to mortgage servicing income, included as a component of mortgage banking income on the Consolidated Statements of Income, over the estimated lives of the underlying loans.

MSRs are stratified and evaluated for impairment by comparing each stratum's carrying amount to its estimated fair value. Fair values are determined through a discounted cash flows valuation completed by a third-party valuation expert. Significant inputs to the valuation include expected net servicing income, the discount rate and the expected lives of the underlying loans. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections. To the extent the amortized cost of the MSRs exceeds their estimated fair value, a valuation allowance is established through a charge against servicing income. If subsequent valuations indicate that impairment no longer exists, the valuation allowance is reduced through an increase to servicing income. See "Note 8 - Mortgage Servicing Rights" for additional information.
Derivative Financial Instruments: The Corporation manages its exposure to certain interest rate risk through the use of derivatives. Certain of the Corporation's outstanding derivative contracts are designated as hedges, and none are entered into for speculative purposes. The Corporation enters into derivative contracts that are intended to economically hedge certain of its risks, even if hedge accounting does not apply or the Corporation elects not to apply hedge accounting.

The Corporation records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Corporation has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. The Corporation does not have any derivative instruments designated as fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. For derivatives designated as cash flow hedges where hedge accounting is applied, changes in fair value are recognized in OCI, net of tax. For derivatives where hedge accounting does not apply, changes in fair value are recognized in earnings as components of non-interest income or non-interest expense on the Consolidated Statements of Income.

Derivative contracts create counterparty credit risk with both the Corporation's customers and with institutional derivative counterparties. The Corporation manages counterparty credit risk through its credit approval processes, monitoring procedures and obtaining adequate collateral, when the Corporation determines it is appropriate to do so and in accordance with counterparty contracts.

For each of the derivatives, gross derivative assets and liabilities are recorded in other assets and other liabilities, respectively, on the Consolidated Balance Sheets. Related gains and losses on these derivative instruments are recorded in other changes, net on the Consolidated Statements of Cash Flows.

Mortgage Banking Derivatives

In connection with its mortgage banking activities, the Corporation enters into commitments to originate certain fixed-rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, the Corporation enters into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held for sale. Forward sales commitments may also be in the form of commitments to sell individual mortgage loans at a fixed price at a future date. The amount necessary to settle each interest rate lock is based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured.

Interest Rate Derivatives - Non-Designated Hedges

The Corporation enters into interest rate derivatives with certain qualifying commercial loan customers to meet their interest rate risk management needs. The Corporation simultaneously enters into interest rate derivatives with dealer counterparties, with identical notional amounts and terms. The net result of these interest rate derivatives is that the customer pays a fixed rate of interest and the Corporation receives a floating rate. As the interest rate derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings.

The Corporation's existing OBS credit exposures result from participation in interest rate derivatives provided by external lenders as part of loan participation arrangements and, therefore, are not used to manage interest rate risk in the Corporation's assets or liabilities.

The Corporation is required to clear all eligible interest rate derivative contracts with a clearing agent and is subject to the regulations of the CFTC.

Cash Flow Hedges of Interest Rate Risk

The Corporation's objectives in using interest rate derivatives are to reduce volatility in net interest income and interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Corporation primarily uses interest rate derivatives as part of its interest rate risk management strategy. The Corporation enters into interest rate derivatives designated as cash flow hedges to hedge the cash flows associated with existing loans and borrowings.
For derivatives designated and that qualify as cash flow hedges of interest rate risk, the unrealized gain or loss on the derivative is recorded in OCI, net of tax, and subsequently reclassified into interest income or interest expense in the same period during which the hedged transaction affects earnings. Amounts reported in OCI related to derivatives will be reclassified to interest income or interest expense as interest payments are made on the Corporation's variable-rate loans and borrowings.

Foreign Exchange Contracts

The Corporation enters into foreign exchange contracts to accommodate the needs of its customers. Foreign exchange contracts are commitments to buy or sell foreign currency on a specific date at a contractual price. The Corporation limits its foreign exchange exposure with customers by entering into contracts with institutional counterparties to mitigate its foreign exchange risk. The Corporation also holds certain amounts of Foreign Currency Nostro Accounts. The Corporation limits the total overnight net foreign currency open positions, which is defined as an aggregate of all outstanding contracts, to $0.5 million. See "Note 11 - Derivative Financial Instruments" for additional information.

Balance Sheet Offsetting: Certain financial assets and liabilities may be eligible for offset on the Consolidated Balance Sheets because they are subject to master netting arrangements or similar agreements. The Corporation has elected to net its financial assets and liabilities designated as cash flow hedges when offsetting is permitted. The Corporation has elected not to offset the remaining assets and liabilities subject to such arrangements on the Consolidated Financial Statements.

The Corporation is a party to interest rate derivatives with financial institution counterparties and customers. Under these agreements, the Corporation has the right to net-settle multiple contracts with the same counterparty in the event of default on, or termination of, any one contract. Cash collateral is posted by the party with a net liability position in accordance with contract thresholds and can be used to settle the fair value of the interest rate derivatives in the event of default. A daily settlement occurs through a clearing agent for changes in the fair value of centrally cleared derivatives. Not all derivatives are required to be cleared through a daily clearing agent. As a result, the total fair values of interest rate derivative assets and derivative liabilities recognized on the Consolidated Balance Sheets are not equal and offsetting.

The Corporation is also a party to foreign exchange contracts with financial institution counterparties under which the Corporation has the right to net-settle multiple contracts with the same counterparty in the event of default on, or termination of, any one contract. As with interest rate derivatives, cash collateral is posted by the party with a net liability position in accordance with contract thresholds and can be used to settle the fair value of the foreign exchange contracts in the event of default.

For additional information on balance sheet offsetting, see "Note 11 - Derivative Financial Instruments."

Income Taxes: The Corporation utilizes the asset and liability method in accounting for income taxes. Under this method, DTAs and deferred tax liabilities are determined based upon the difference between the values of the assets and liabilities as reflected in the financial statements and their related tax basis using enacted tax rates in effect for the year in which the differences are expected to be recovered or settled. As changes in tax law or rates are enacted, DTAs and deferred tax liabilities are adjusted through income tax expense. In assessing the realizability of DTAs, management considers whether it is more likely than not that some portion or all of the DTAs will not be realized. The ultimate realization of DTAs is dependent upon the generation of future taxable income and tax planning strategies which will create taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, the amount of taxes paid in available carryback years, projected future taxable income, and, if necessary, tax planning strategies in making this assessment. A valuation allowance is provided against DTAs unless it is more likely than not that such DTAs will be realized.

ASC Topic 740, "Income Taxes" creates a single model to address uncertainty in tax positions, and clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in an enterprise's financial statements. It also provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. The liability for unrecognized tax benefits is included in other liabilities within the Consolidated Balance Sheets.

See "Note 13 - Income Taxes" for additional information.

Stock-Based Compensation: The Corporation grants equity awards to employees, consisting of RSUs and PSUs under its Employee Equity Plan. In addition, employees may purchase stock under the Corporation's ESPP.
The Corporation also grants equity awards to non-employee members of its Board of Directors and Fulton Bank's Board of Directors under the Directors' Plan. Under the Directors' Plan, the Corporation can grant equity awards to non-employee Parent Company and subsidiary bank directors in the form of RSUs or common stock. Recent grants of equity awards under the Directors' Plan have been limited to RSUs.

Equity awards issued under the Employee Equity Plan are generally granted annually and become fully vested over or after a 3-year vesting period. The vesting period for non-performance-based awards represents the period during which employees are required to provide service in exchange for such awards. Equity awards under the Directors' Plan are generally granted annually and fully vest after a 1-year vesting period. Certain events, as defined in the Employee Equity Plan and the Directors' Plan, result in the acceleration of the vesting of equity awards. RSUs and PSUs earn dividends during the vesting period, which are forfeitable if the awards do not vest.

The fair value of RSUs granted to employees or directors is recognized as compensation expense over the vesting period for such awards. Compensation expense for PSUs is also recognized over the service period.

The fair value of RSUs and a majority of PSUs are based on the trading price of the Corporation's stock on the date of grant. The fair value of certain PSUs are estimated through the use of the Monte Carlo valuation methodology as of the date of grant. See "Note 16 - Stock-Based Compensation Plans" for additional information. The Corporation has not issued stock options since 2014 and accordingly, there is no compensation expense for this instrument. All stock options have been exercised or expired during 2024.

Disclosures about Segments of an Enterprise and Related Information: The Corporation is a single segment. See "Note 20 - Segment Reporting" for additional information.

Financial Guarantees: Financial guarantees, which consist primarily of standby and commercial letters of credit, are accounted for by recognizing a liability equal to the fair value of the guarantees and crediting the liability to income over the term of the guarantee. Fair value is estimated based on the fees currently charged to enter into similar agreements with similar terms.

Goodwill and Intangible Assets: The Corporation accounts for its acquisitions using the purchase accounting method. Purchase accounting requires that all assets acquired and liabilities assumed, including certain intangible assets that must be recognized, be recorded at their estimated fair values as of the acquisition date. Any purchase price exceeding the fair value of net assets acquired is recorded as goodwill. Any purchase price lower than the fair value of net assets acquired is recorded as a gain on acquisition, net of tax.

Goodwill is not amortized to expense, but is evaluated for impairment at least annually. Write-downs of the balance, if necessary as a result of the impairment test, are charged to expense in the period in which goodwill is determined to be impaired. The Corporation performs its annual assessment of goodwill impairment in the fourth quarter of each year. If certain events occur which indicate goodwill might be impaired between annual assessments, goodwill would be evaluated when such events occur.

Intangible assets are amortized over their estimated lives. Some intangible assets have indefinite lives and are, therefore, not amortized. All intangible assets must be evaluated for impairment if certain events occur. Any impairment write-downs are recognized as non-interest expense on the Consolidated Statements of Income. See "Note 7 - Goodwill and Intangible Assets" for additional information.

VIEs: ASC Topic 810 provides guidance on when to consolidate certain VIEs in the financial statements of the Corporation. VIEs are entities in which equity investors do not have a controlling financial interest or do not have sufficient equity at risk for the entity to finance activities without additional financial support from other parties. VIEs are assessed for consolidation under ASC Topic 810 when the Corporation holds variable interests in these entities. The Corporation consolidates VIEs when it is deemed to be the primary beneficiary. The primary beneficiary of a VIE is determined to be the party that has the power to make decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE.

The Corporation makes investments in certain community development projects, the majority of which generate tax credits under various federal programs, including TCIs. These investments are made throughout the Corporation's market area as a means of supporting the communities it serves. The Corporation typically acts as a limited partner or member of a limited liability company in its TCIs and does not exert control over the operating or financial policies of the partnership or limited liability company. Tax credits earned are subject to recapture by federal taxing authorities based upon compliance requirements to be met at the project level.
Because the Corporation owns 100% of the equity interests in its NMTC investments, these investments were consolidated based on ASC Topic 810 as of December 31, 2025 and 2024. Investments in affordable housing projects were not consolidated based on management's assessment of the provisions of ASC Topic 810.

TCIs are tested for impairment when events or changes in circumstances indicate that it is more likely than not that the carrying amount of the investment will not be realized. An impairment loss is measured as the amount by which the current carrying value exceeds its aggregated remaining value of the tax benefits of the investment. There were no impairment losses recognized for the Corporation's TCIs in 2025, 2024 or 2023. For additional information, see "Note 13 - Income Taxes."

Fair Value Measurements: Assets and liabilities are categorized in a fair value hierarchy for the inputs to valuation techniques used to measure assets and liabilities at fair value using the following three categories (from highest to lowest priority):

•Level 1 - Inputs that represent quoted prices for identical instruments in active markets.
•Level 2 - Inputs that represent quoted prices for similar instruments in active markets, or quoted prices for identical instruments in non-active markets. Also included are valuation techniques whose inputs are derived principally from observable market data other than quoted prices, such as interest rates or other market-corroborated means.
•Level 3 - Inputs that are largely unobservable, as little or no market data exists for the instrument being valued.

The Corporation has categorized all assets and liabilities required to be measured at fair value on both a recurring and nonrecurring basis into the above three levels. See "Note 19 - Fair Value Measurements" for additional information.

Revenue Recognition: The sources of revenue for the Corporation are interest income from loans, leases and investments and non-interest income. Non-interest income is earned from various banking and financial services that the Corporation offers through its subsidiaries. Revenue is recognized as earned based on contractual terms, as transactions occur, or as services are provided. Following is further detail of the various types of revenue the Corporation earns and when it is recognized:

Interest income: Interest income is recognized on an accrual basis according to loan and lease agreements, investment securities contracts or other written contracts.

Wealth management services: Consists of income from trust commissions, brokerage, money market and insurance commissions. Trust commissions consist of advisory fees that are based on market values of clients' managed portfolios and transaction fees for fiduciary services performed, both of which are recognized when earned. Brokerage income includes advisory fees which are recognized when earned on a monthly basis and transaction fees that are recognized when transactions occur. Money market income is based on the balances held in trust accounts and is recognized monthly. Insurance commissions are earned and recognized when policies are originated. Currently, no investment management and trust service income is based on performance or investment results.

Commercial and consumer banking income: Consists of cash management, overdraft and other service charges on deposit accounts as well as branch fees, ATM fees, debit and credit card income and merchant services fees. Also included are letter of credit fees, foreign exchange income and interest rate derivative fees. Revenue is primarily transactional and recognized when earned at the time the transactions occur.

Mortgage banking income: Consists of gains or losses on the sale of residential mortgage loans and mortgage loan servicing income.

Other Income: Includes gains on sales of SBA loans, cash surrender value of life insurance, and other miscellaneous income.

Leases: All leases with an initial term greater than 12 months recognize: (1) a ROU asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term; and (2) a lease liability, which is a lessee's obligation to make lease payments arising from a lease, each measured on a discounted basis. The Corporation elected to not separate lease and non-lease components.

As a lessee, the majority of the operating lease portfolio consists of real estate leases for the Corporation's financial centers, land and office space. The operating leases have remaining lease terms of 1 year to 20 years, some of which include options to extend the leases for 5 years or more. ROU assets and lease liabilities are not recognized for leases with an initial term of 12 months or less.
Certain real estate leases have lease payments that adjust based on annual changes in the CPI or at a stated contractual rate. The leases that are dependent upon the CPI or stated contractual rate are initially measured using the CPI or contractual rate at the commencement date and are included in the measurement of the lease liability.

Operating lease expense represents fixed lease payments for operating leases recognized on a straight-line basis over the applicable lease term. Variable lease expense represents expenses such as the payment of real estate taxes, insurance and common area maintenance based on the Corporation's pro-rata share.

Sublease income consists mostly of operating leases for space within the Corporation's offices and financial centers and is recorded as a reduction to net occupancy expense on the Consolidated Statements of Income. See "Note 18 - Leases" for additional information.

Defined Benefit Plan: Net periodic pension costs are funded based on the requirements of federal laws and regulations. The determination of net periodic pension costs is based on assumptions about future events that will affect the amount and timing of required benefit payments under the plan. These assumptions include demographic assumptions such as retirement age and mortality, a discount rate used to determine the current benefit obligation, form of payment election and a long-term expected rate of return on plan assets. Net periodic pension expense includes interest cost, based on the assumed discount rate, an expected return on plan assets, amortization of prior service cost or credit and amortization of net actuarial gains or losses. The Corporation curtailed the Pension Plan in 2008, with no additional benefits accruing. In connection with the Prudential Bancorp merger, the Corporation assumed the obligations of Prudential Bancorp under the Prudential Bancorp Pension Plan that had previously been closed to new participants. Net periodic pension cost is recognized in salaries and employee benefits on the Consolidated Statements of Income. For additional information, see "Note 17 - Employee Benefit Plans."

Business Combinations: Business combinations are accounted for using the acquisition method of accounting. Under the acquisition method, identifiable assets acquired and liabilities assumed are measured at fair value as of the acquisition date. The difference between the purchase price and the fair value of net assets acquired is recorded as goodwill, unless the acquisition is a bargain purchase. Results of the operations of the acquired entity are included in the Consolidated Statements of Income from the acquisition date. Acquisition costs are expensed as incurred.

Recently Adopted Accounting Standards

In December 2023, FASB issued ASU 2023-08 Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets ("ASU 2023-08"). This update provides guidance for crypto assets to be carried at fair value and requires additional disclosures. The Corporation adopted ASU 2023-08 on January 1, 2025, and it did not have an impact on its Consolidated Financial Statements. The Corporation does not own crypto assets.

In December 2023, FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"). This update requires companies to disclose specific categories in the income tax rate reconciliation and requires additional information for certain reconciling items. The Corporation adopted ASU 2023-09 on December 15, 2025. The adoption of ASU 2023-09 changed the presentation of "Note 13 - Income Taxes," but otherwise did not have a material impact on its Consolidated Financial Statements.

In March 2024, FASB issued ASU 2024-01 Compensation - Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards ("ASU 2024-01"). This update provides guidance for profits interest and similar awards. The Corporation adopted ASU 2024-01 on January 1, 2025, and it did not have a material impact on its Consolidated Financial Statements.

In March 2025, FASB issued ASU 2025-02 Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122 ("ASU 2025-02"). This update removes SEC guidance provided in SAB No. 121, Accounting for Obligations To Safeguard Crypto-Assets an Entity Holds for its Platform Users. The Corporation retrospectively adopted ASU 2025-02 on January 1, 2025, and it did not have an impact on its Consolidated Financial Statements.

In November 2025, FASB issued ASU 2025-08 Financial Instruments - Credit Losses (Topic 326): Purchased Loans ("ASU 2025-08"). This update simplifies acquisition accounting by removing dual models. It also reduces earnings volatility and improves comparability across institutions. The Corporation early adopted ASU 2025-08 prospectively on October 1, 2025, and it did not have a material impact on its Consolidated Financial Statements.
Recently Issued Accounting Standards

In November 2024, FASB issued ASU 2024-03 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expense ("ASU 2024-03"). This update requires disaggregation of certain expenses in a note to the Consolidated Financial Statements. The Corporation will adopt ASU 2024-03 on January 1, 2027. The Corporation does not expect the adoption of ASU 2024-03 to have a material impact on its Consolidated Financial Statements.

In November 2024, FASB issued ASU 2024-04 Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments ("ASU 2024-04"). This update clarifies the requirements for determining whether settlement of convertible debt should be accounted for as induced conversion. The Corporation will adopt ASU 2024-04 on January 1, 2026. The Corporation does not expect the adoption of ASU 2024-04 to have an impact on its Consolidated Financial Statements.

In January 2025, FASB issued ASU 2025-01 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date ("ASU 2025-01"). This update clarifies the effective date of ASU 2024-03. The Corporation will adopt ASU 2025-01 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-01 to have a material impact on its Consolidated Financial Statements.

In May 2025, FASB issued ASU 2025-03 Business Combination (Topic 805) and Consolidation (Topic 810) - Determining the Accounting Acquirer in an Acquisition of a Variable Interest Entity ("ASU 2025-03"). This update addresses the determination of the accounting acquirer in an acquisition of a variable interest entity. The Corporation will adopt ASU 2025-03 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-03 to have a material impact on its Consolidated Financial Statements.

In May 2025, FASB issued ASU 2025-04 Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606) - Clarifications to Share-Based Consideration Payable to a Customer ("ASU 2025-04"). This update revises the definition of performance condition for share-based consideration payable to a customer, eliminates the forfeiture policy for most awards granted to customers, and clarifies the applicability of the variable consideration constraint. The Corporation will adopt ASU 2025-04 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-04 to have a material impact on its Consolidated Financial Statements.

In July 2025, FASB issued ASU 2025-05 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets ("ASU 2025-05"). This update allows public companies to use a practical expedient when estimating credit losses on current receivables and current customer contracts. The Corporation will adopt ASU 2025-05 on January 1, 2026. The Corporation does not expect the adoption of ASU 2025-05 to have a material impact on its Consolidated Financial Statements.

In September 2025, FASB issued ASU 2025-06 Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software ("ASU 2025-06"). This update modernizes internal-use software guidance to adapt to the agile basis predominantly used to develop software. The effective date of the amendment is January 1, 2028 with early adoption permitted as of the beginning of an annual reporting period. The Corporation plans to early adopt ASU 2025-06 as of January 1, 2026 on a prospective basis. The Corporation does not expect the adoption of ASU 2025-06 to have a material impact on its Consolidated Financial Statements.

In September 2025, FASB issued ASU 2025-07 Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract ("ASU 2025-07"). This update refines the scope of Topic 815 to clarify which contracts are subject to derivative accounting and clarifies guidance under Topic 606 for share-based noncash consideration from a customer in revenue contracts. The Corporation will adopt ASU 2025-07 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-07 to have a material impact on its Consolidated Financial Statements.

In November 2025, FASB issued ASU 2025-09 Derivatives and Hedging (Topic 815): Hedge Accounting Improvements ("ASU 2025-09"). This update more closely aligns hedge accounting and financial reporting with risk management activities. The effective date of the amendment is January 1, 2027 with early adoption permitted. The Corporation plans to early adopt ASU 2025-09 as of January 1, 2026 on a prospective basis. The Corporation does not expect the adoption of ASU 2025-09 to have a material impact on its Consolidated Financial Statements.

In December 2025, FASB issued ASU 2025-10 Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities ("ASU 2025-10"). This update provides accounting guidance for business entities that receive government grants. The Corporation will adopt ASU 2025-10 on January 1, 2029. The Corporation does not expect the adoption of ASU 2025-10 to have a material impact on its Consolidated Financial Statements.
In December 2025, FASB issued ASU 2025-11 Interim Reporting (Topic 270): Narrow-Scope Improvements ("ASU 2025-11"). This update improves navigability of the required interim disclosures and clarifies when that guidance is applicable. The Corporation will adopt ASU 2025-11 on January 1, 2028. The Corporation does not expect the adoption of ASU 2025-11 to have a material impact on its Consolidated Financial Statements.

In December 2025, FASB issued ASU 2025-12 Codification Improvements ("ASU 2025-12"). This update makes changes to the Accounting Standards Codification affecting a wide variety of topics to clarify, correct errors and make minor improvements. The Corporation will adopt ASU 2025-12 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-12 to have a material impact on its Consolidated Financial Statements.

Reclassifications
Certain amounts in the 2024 Consolidated Financial Statements and notes have been reclassified to conform to the 2025 presentation.
v3.25.4
Business Combinations
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combinations
Republic First Bank

On the Acquisition Date, Fulton Bank completed the Republic First Transaction and acquired approximately $4.8 billion of assets of Republic First Bank and received approximately $0.8 billion of cash from the FDIC. The Bank assumed approximately $5.6 billion of total liabilities of Republic First Bank. The Bank did not enter into a loss sharing arrangement with the FDIC in connection with the Republic First Transaction.

As a result of the Republic First Transaction, the Bank enhanced its presence in Philadelphia, Pennsylvania and New Jersey.

The Republic First Transaction constitutes a business combination as defined by FASB ASC Topic 805, Business Combinations. Accordingly, the assets acquired and liabilities assumed are presented at their fair values. The determination of fair values required management to make certain estimates and assumptions about discount rates, future expected cash flows and market conditions at the time of the Republic First Transaction.

The financial settlement process between the Bank and the FDIC concluded on April 25, 2025. The measurement period of determining the fair value of assets acquired and liabilities assumed in connection with the Republic First Transaction has closed. No adjustments to the preliminary amounts were required and the fair values presented herein are final. The excess of the fair value of net assets acquired and the cash consideration received from the FDIC over the fair value of liabilities assumed was recorded as a gain on acquisition of $37.0 million, net of income taxes.
The following table summarizes the consideration transferred and the fair values of identifiable assets acquired and liabilities assumed in connection with the Republic First Transaction:

Estimated Fair Value
(dollars in thousands)
Cash payment received from FDIC$809,920 
Assets acquired:
     Cash and due from banks208,451 
     Investment securities1,938,571 
     Loans2,495,810 
     Premises and equipment184 
     CDI92,600 
     FHLB Stock37,931 
     Accrued interest receivable16,164 
     Other assets10,179 
          Total assets 4,799,890 
Liabilities assumed:
     Deposits4,112,143 
Borrowings1,413,751 
Accrued interest payable33,444 
     Other liabilities2,641 
          Total liabilities5,561,979 
Net assets acquired:(762,089)
Gain on acquisition, before income taxes$47,831 
Gain on acquisition, net of income taxes$36,996 

The Corporation developed a comprehensive integration plan and expensed direct costs as incurred. These direct costs related to the Republic First Transaction totaled $0.1 million for the year ending December 31, 2025 and $37.6 million for the year ending December 31, 2024. Costs related to the Republic First Transaction are included in acquisition-related expenses in the Consolidated Statements of Income.

Unaudited Pro Forma Information:
Republic First Bank did not have historical financial information on which the Corporation could base pro forma information. Additionally, the Bank did not acquire all of the assets or assume all of the liabilities of Republic First Bank. Therefore, it was impracticable to provide pro forma information on revenues and earnings for the Republic First Transaction in accordance with ASC 805-10-50-2.

Blue Foundry Bancorp

On November 24, 2025, the Corporation entered into the Merger Agreement with Blue Foundry. Under the terms of the Merger Agreement, Blue Foundry will merge with and into the Corporation, with the Corporation continuing as the surviving corporation. The combined company will operate under the Corporation's name and will trade under the ticker symbol "FULT." Shareholders of Blue Foundry approved the Merger at the Blue Foundry special shareholder meeting on January 29, 2026 and all regulatory approvals required to complete the merger have been obtained. Subject to the satisfaction of the remaining customary closing conditions in the Merger Agreement, we expect the Merger to close on or about April 1, 2026. Blue Foundry Bank is expected to be merged with and into Fulton Bank in the third quarter of 2026.

Under the terms of the Merger Agreement, each share of Blue Foundry common stock will be converted into the right to receive 0.650 of a share of the Corporation's common stock and cash in lieu of fractional shares.
The Corporation developed a comprehensive integration plan with respect to the Merger and will expense direct costs as incurred. These direct costs related to the Merger totaled $1.1 million for the year ending December 31, 2025. Costs related to the Merger are included in acquisition-related expenses in the Consolidated Statements of Income.
v3.25.4
Restrictions on Cash and Cash Equivalents
 12 Months Ended
Dec. 31, 2025
Cash and Due from Banks [Abstract]  
Restrictions on Cash and Cash Equivalents
NOTE 3 - RESTRICTIONS ON CASH AND CASH EQUIVALENTS
Cash collateral is posted by the Corporation with counterparties to secure derivatives and other contracts, which is included in "interest-bearing deposits with other banks" on the Consolidated Balance Sheets. The amounts of such collateral as of December 31, 2025 and 2024 were $27.0 million and $4.0 million, respectively.
v3.25.4
Investment Securities
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Investment Securities
NOTE 4 - INVESTMENT SECURITIES
The following tables present the amortized cost and estimated fair values of investment securities, as of December 31:

Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
 (dollars in thousands)
2025
Available for Sale
State and municipal securities$951,764 $326 $(125,397)$826,693 
Corporate debt securities219,699 1,302 (6,080)214,921 
Collateralized mortgage obligations1,034,548 12,758 (7,228)1,040,078 
Residential mortgage-backed securities781,966 5,891 (21,140)766,717 
Commercial mortgage-backed securities647,375 80 (88,005)559,450 
Total$3,635,352 $20,357 $(247,850)$3,407,859 
Held to Maturity
Residential mortgage-backed securities$573,636 $4,978 $(44,093)$534,521 
Commercial mortgage-backed securities852,249 — (119,192)733,057 
Total $1,425,885 $4,978 $(163,285)$1,267,578 
2024
Available for Sale
State and municipal securities$960,227 $106 $(145,446)$814,887 
Corporate debt securities313,681 1,123 (14,434)300,370 
Collateralized mortgage obligations798,157 4,629 (13,901)788,885 
Residential mortgage-backed securities1,029,846 30 (40,001)989,875 
Commercial mortgage-backed securities617,605 — (100,723)516,882 
   Total$3,719,516 $5,888 $(314,505)$3,410,899 
Held to Maturity
Residential mortgage-backed securities$537,856 $2 $(60,162)$477,696 
Commercial mortgage-backed securities857,713 — (151,960)705,753 
Total $1,395,569 $2 $(212,122)$1,183,449 

In May 2024, the Corporation sold $345.7 million of AFS investment securities and recorded a pre-tax loss of $20.3 million. The proceeds from the sale were reinvested into higher-yielding securities of a similar type and similar duration.

Investment securities carried at $0.4 billion and $0.3 billion at December 31, 2025 and 2024, respectively, were pledged as collateral to secure public and trust deposits.
The amortized cost and estimated fair values of debt securities as of December 31, 2025, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because issuers may have the right to call, or borrowers may have the right to prepay, with or without call or prepayment penalties.
Available for SaleHeld to Maturity
 Amortized
Cost		Estimated
Fair Value		Amortized
Cost		Estimated
Fair Value
(dollars in thousands)
Due in one year or less$5,833 $5,832 $— $— 
Due from one year to five years115,046 113,951 — — 
Due from five years to ten years221,196 217,061 — — 
Due after ten years829,388 704,770 — — 
1,171,463 1,041,614 — — 
Residential mortgage-backed securities(1)
781,966 766,717 573,636 534,521 
Commercial mortgage-backed securities(1)
647,375 559,450 852,249 733,057 
Collateralized mortgage obligations(1)
1,034,548 1,040,078 — — 
Total$3,635,352 $3,407,859 $1,425,885 $1,267,578 
(1) Maturities for mortgage-backed securities and collateralized mortgage obligations are dependent upon the interest rate environment and prepayments on the underlying loans.

The following table presents information related to gross gains and losses on the sales of securities for the years presented:
Gross Realized GainsGross Realized LossesNet Gains (Losses)
 (dollars in thousands)
2025$663 $(665)$(2)
2024179 (20,462)(20,283)
2023283 (1,016)(733)



The following tables present the gross unrealized losses and estimated fair values of investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of December 31:

Less than 12 months12 Months or LongerTotal
Number of SecuritiesEstimated
Fair Value		Unrealized
Losses		Number of SecuritiesEstimated
Fair Value		Unrealized
Losses		Estimated
Fair Value		Unrealized
Losses
2025(dollars in thousands)
Available for Sale
State and municipal securities3 $10,532 $(127)277 $776,597 $(125,270)$787,129 $(125,397)
Corporate debt securities5 22,911 (329)21 145,563 (5,751)168,474 (6,080)
Collateralized mortgage obligations1 19,806 (128)72 74,446 (7,100)94,252 (7,228)
Residential mortgage-backed securities3 34,766 (97)75 240,422 (21,043)275,188 (21,140)
Commercial mortgage-backed securities4 51,600 (155)131 493,235 (87,850)544,835 (88,005)
Total available for sale16 $139,615 $(836)576 $1,730,263 $(247,014)$1,869,878 $(247,850)
Held to Maturity
Residential mortgage-backed securities— $— $— 120 $275,497 $(44,093)$275,497 $(44,093)
Commercial mortgage-backed securities— — — 60 733,057 (119,192)733,057 (119,192)
Total held to maturity— $— $— 180 $1,008,554 $(163,285)$1,008,554 $(163,285)


Less than 12 months12 Months or LongerTotal
Number of SecuritiesEstimated
Fair Value		Unrealized
Losses		Number of SecuritiesEstimated
Fair Value		Unrealized
Losses		Estimated
Fair Value		Unrealized
Losses
2024(dollars in thousands)
Available for Sale
State and municipal securities22 $53,026 $(1,692)272 $755,310 $(143,754)$808,336 $(145,446)
Corporate debt securities1 4,844 (13)47 264,099 (14,421)268,943 (14,434)
Collateralized mortgage obligations12 288,871 (3,463)77 85,485 (10,438)374,356 (13,901)
Residential mortgage-backed securities42 777,695 (9,178)69 174,284 (30,823)951,979 (40,001)
Commercial mortgage-backed securities1 19,291 (875)135 497,591 (99,848)516,882 (100,723)
Total available for sale78 $1,143,727 $(15,221)600 $1,776,769 $(299,284)$2,920,496 $(314,505)
Held to maturity
Residential mortgage-backed securities7 $155,726 $(1,754)120 $303,220 $(58,408)$458,946 $(60,162)
Commercial mortgage-backed securities— — — 60 705,753 (151,960)705,753 (151,960)
Total held to maturity7 $155,726 $(1,754)180 $1,008,973 $(210,368)$1,164,699 $(212,122)


The Corporation's collateralized mortgage obligations, residential mortgage-backed securities and commercial mortgage-backed securities have contractual terms that generally do not permit the issuer to settle the securities at a price less than the amortized cost of the investment. The change in fair value of these securities is attributable to changes in interest rates and not credit quality. In addition, these securities have principal payments that are guaranteed by GSEs. Therefore, the Corporation does not have an ACL for these securities as of December 31, 2025 and 2024, respectively. The Corporation does not have the intent to sell, and does not believe it will more likely than not be required to sell, any of these securities prior to a recovery of their fair value to amortized cost.

Based on the payment status and management's evaluation of the Corporation's state and municipal securities, no ACL was required for these securities as of December 31, 2025 and 2024, The Corporation does not have the intent to sell, and does not believe it will more likely than not be required to sell any of these securities prior to a recovery of their fair value to amortized cost, which may be at maturity.
The majority of the corporate debt securities were rated at or above investment grade as of December 31, 2025 and December 31, 2024. Based on the payment status, rating and management's evaluation of these securities, no ACL was required for corporate debt securities as of December 31, 2025 and December 31, 2024. The Corporation does not have the intent to sell, and does not believe it will more likely than not to be required to sell any of these securities prior to a recovery of their fair value to amortized cost, which may be at maturity.
v3.25.4
Loans and Allowance for Credit Losses
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Financing Receivables
NOTE 5 - LOANS AND ALLOWANCE FOR CREDIT LOSSES
Loans and leases, net of unearned income

Loans and leases, net of unearned income are summarized as follows as of December 31:
20252024
(dollars in thousands)
Real estate - commercial mortgage$9,820,944 $9,601,858 
Commercial and industrial4,539,060 4,605,589 
Real estate - residential mortgage6,669,993 6,349,643 
Real estate - home equity1,242,831 1,160,616 
Real estate - construction970,298 1,394,899 
Consumer564,349 616,856 
Leases and other loans(1)
337,409 315,458 
Net loans$24,144,884 $24,044,919 
(1) Includes unearned income of $36.8 million and $35.6 million as of December 31, 2025 and December 31, 2024, respectively.

The Corporation has extended credit to officers and directors of the Corporation and to their associates. These related-party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and do not involve more than the normal risk of collection or present other unfavorable features. The aggregate dollar amount of these loans, including unadvanced commitments, was $169.9 million and $166.2 million as of December 31, 2025 and 2024, respectively. During 2025, additions totaled $29.9 million and repayments totaled $26.2 million for related-party loans.

Allowance for Credit Losses

The following table summarizes the ACL - loans balance and the reserve for OBS credit exposures balance as of December 31:
20252024
(dollars in thousands)
ACL - loans $364,462 $379,156 
Reserve for OBS credit exposures(1)
$14,972 $14,161 
(1) Included in other liabilities on the Consolidated Balance Sheets.

The following table presents the activity in the ACL for the years ended December 31:
202520242023
(dollars in thousands)
Balance at beginning of period$379,156 $293,404 $269,366 
CECL Day 1 Provision(1)
— 23,444 — 
Initial PCD allowance for credit losses— 54,631 — 
Loans charged off(78,198)(54,429)(39,201)
Recoveries of loans previously charged off28,617 9,984 10,129 
Net loans (charged off) recovered(49,581)(44,445)(29,072)
Provision for credit losses(1) (2)
34,887 52,122 53,110 
Balance at end of period$364,462 $379,156 $293,404 
Provision for OBS credit exposures(1)
$811 $(3,930)$926 
Reserve for OBS credit exposures$14,972 $(14,161)$17,254 
(1) The sum of these amounts is reflected in the provision for credit losses in the Consolidated Statements of Income.
(2) Provision only includes the portion related to net loans.
The following table presents the activity in the ACL by portfolio segment:
Real Estate -
Commercial
Mortgage		Commercial and IndustrialReal Estate -
Residential
Mortgage		Consumer and Real Estate -
Home
Equity		Real Estate -
Construction		Leases and other loansTotal
 (dollars in thousands)
Balance at December 31, 2023$112,565 $74,266 $73,286 $17,604 $12,295 $3,388 $293,404 
CECL Day 1 Provision(1)
6,648 1,121 14,920 445 310 — 23,444 
Initial PCD allowance for credit losses41,559 10,463 565 357 1,687 — 54,631 
Loans charged off(13,186)(26,585)(1,472)(8,490)— (4,696)(54,429)
Recoveries of loans previously charged off603 4,440 472 3,357 382 730 9,984 
Net loans (charged off) recovered(12,583)(22,145)(1,000)(5,133)382 (3,966)(44,445)
Provision for loan losses(1)(2)
9,992 28,507 (6,440)6,124 10,466 3,473 52,122 
Balance at December 31, 2024158,181 92,212 81,331 19,397 25,140 2,895 379,156 
Loans charged off(36,518)(20,787)(1,053)(8,817)(5,386)(5,637)(78,198)
Recoveries of loans previously charged off5,447 18,377 640 3,146 227 780 28,617 
Net loans (charged off) recovered(31,071)(2,410)(413)(5,671)(5,159)(4,857)(49,581)
Provision for loan losses(1)(2)
30,192 (12,062)8,043 9,300 (9,085)8,499 34,887 
Balance at December 31, 2025$157,302 $77,740 $88,961 $23,026 $10,896 $6,537 $364,462 
(1) These amounts are reflected in the provision for credit loss in the Consolidated Statements of Income.
(2) Provision included in the table only includes the portion related to net loans.

The ACL may include qualitative adjustments intended to capture the impact of uncertainties not reflected in the quantitative models. In determining qualitative adjustments, management considers changes in national, regional, and local economic and business conditions and their impact on the lending environment, including underwriting standards and other factors affecting credit losses over the remaining life of each loan.
Collateral-Dependent Loans

A loan or a lease is considered to be collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans and leases deemed collateral-dependent, the Corporation elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less costs to sell. Substantially all of the collateral supporting collateral-dependent loans or leases consists of various types of real estate, including residential properties, commercial properties, such as retail centers, office buildings, and lodging, agricultural land, and vacant land. Commercial and industrial loans may also be secured by real estate.

All loans individually evaluated for impairment are measured for losses on a quarterly basis. As of December 31, 2025 and 2024, substantially all of the Corporation's individually evaluated loans with total commitments greater than or equal to $1.0 million were measured based on the estimated fair value of each loan's collateral, if any.

As of December 31, 2025 and 2024, approximately 88% and 90%, respectively, of loans evaluated individually for impairment with principal balances greater than or equal to $1.0 million, whose primary collateral consisted of real estate, were measured at estimated fair value using appraisals performed by state certified third-party appraisers that had been updated in the preceding 12 months, or actual fair value based on active, fully-executed letters of intent to purchase or agreements of sale.
Non-accrual Loans

The following table presents total non-accrual loans, by class segment, as of December 31:

20252024
With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
(dollars in thousands)
Real estate - commercial mortgage$27,437 $44,613 $72,050 $31,654 $67,843 $99,497 
Commercial and industrial19,822 24,281 44,103 17,011 25,206 42,217 
Real estate - residential mortgage25,423 2,328 27,751 23,387 2,013 25,400 
Real estate - home equity7,126 — 7,126 8,513 78 8,591 
Real estate - construction1,661 — 1,661 1,746 — 1,746 
Consumer3 — 3 8 — 8 
Leases and other loans32 1,146 1,178 1,801 10,033 11,834 
Total$81,504 $72,368 $153,872 $84,120 $105,173 $189,293 

As of December 31, 2025 and December 31, 2024, there were $72.4 million and $105.2 million, respectively, of non-accrual loans that did not have a specific valuation allowance within the ACL. The estimated fair values of the collateral securing these loans exceeded their carrying amount, or the loans were previously charged down to realizable collateral values. Accordingly, no specific valuation allowance was considered to be necessary. The amount of interest income on non-accrual loans that was recognized was approximately $2.8 million and $1.0 million in 2025 and 2024, respectively.

Asset Quality

Maintaining an appropriate ACL is dependent on various factors, including the ability to identify potential problem loans in a timely manner. For commercial construction loans, commercial and industrial loans, leases and other loans and commercial real estate loans, an internal risk rating process is used. The Corporation believes that internal risk ratings are the most relevant credit quality indicator for these types of loans. The migration of loans through the various internal risk categories is a significant component of the ACL methodology for these loans, which bases the PD on this migration. Assigning risk ratings involves judgment. The Corporation's loan review officers provide a separate assessment of risk rating accuracy. Risk ratings may be changed based on the ongoing monitoring procedures performed by loan officers or credit administration staff, or if specific loan review assessments identify a deterioration or an improvement in a loan.
The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the current period:
December 31, 2025
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20252024202320222021PriorCost BasisCost BasisTotal
Real estate - commercial mortgage
Pass$885,851 $769,334 $1,120,033 $1,127,104 $1,185,319 $3,712,279 $76,848 $— $8,876,768 
Special Mention9,425 19,207 42,649 52,546 116,763 171,308 787 — 412,685 
Substandard or Lower2,346 15,154 90,747 111,135 108,871 202,185 1,053 — 531,491 
Total real estate - commercial mortgage897,622 803,695 1,253,429 1,290,785 1,410,953 4,085,772 78,688 — 9,820,944 
Real estate - commercial mortgage
Current period gross charge-offs— — (1,315)(20,232)(7,990)(6,981)— — (36,518)
Commercial and industrial
Pass559,804 340,662 351,330 449,474 205,593 766,308 1,398,989 3,092 4,075,252 
Special Mention11,490 12,287 18,377 12,305 4,354 52,719 101,311 7,179 220,022 
Substandard or Lower1,843 10,114 21,089 19,238 8,898 73,671 104,498 4,435 243,786 
Total commercial and industrial573,137 363,063 390,796 481,017 218,845 892,698 1,604,798 14,706 4,539,060 
Commercial and industrial
Current period gross charge-offs(75)(3,317)(4,822)(4,936)(2,410)(4,449)(778)— (20,787)
Real estate - construction(1)
Pass100,320 236,045 190,065 40,427 24,082 46,156 50,902 — 687,997 
Special Mention555 1,196 — 21,286 3,381 2,750 1,248 — 30,416 
Substandard or Lower— — 916 7,718 256 243 9 — 9,142 
Total real estate - construction100,875 237,241 190,981 69,431 27,719 49,149 52,159 — 727,555 
Real estate - construction(1)
Current period gross charge-offs— — — (5,286)— (100)— — (5,386)
Leases and other loans
Pass174,718 35,955 70,152 29,832 8,185 8,665 — — 327,507 
Special Mention432 459 430 1,305 460 329 — — 3,415 
Substandard or Lower185 2,080 955 3,034 196 37 — — 6,487 
Total leases and other loans175,335 38,494 71,537 34,171 8,841 9,031 — — 337,409 
Leases and other loans
Current period gross charge-offs(2,092)(1,153)(506)(289)(244)(1,353)— — (5,637)
Total
Pass$1,720,693 $1,381,996 $1,731,580 $1,646,837 $1,423,179 $4,533,408 $1,526,739 $3,092 $13,967,524 
Special Mention21,902 33,149 61,456 87,442 124,958 227,106 103,346 7,179 666,538 
Substandard or Lower4,374 27,348 113,707 141,125 118,221 276,136 105,560 4,435 790,906 
Total$1,746,969 $1,442,493 $1,906,743 $1,875,404 $1,666,358 $5,036,650 $1,735,645 $14,706 $15,424,968 
(1) Excludes non-commercial real estate - construction.


Total criticized and classified loans decreased $378.9 million, or 20.6%, compared to December 31, 2024.
The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the prior period:
December 31, 2024
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20242023202220212020PriorCost BasisCost BasisTotal
Real estate - commercial mortgage
Pass$623,742 $898,296 $1,138,669 $1,316,000 $1,077,625 $3,414,138 $69,942 $9,646 $8,548,058 
Special Mention4,441 73,348 149,280 157,543 28,734 107,099 10,978 — 531,423 
Substandard or Lower4,831 44,665 102,952 95,617 75,097 193,922 1,380 3,913 522,377 
Total real estate - commercial mortgage633,014 1,016,309 1,390,901 1,569,160 1,181,456 3,715,159 82,300 13,559 9,601,858 
Real estate - commercial mortgage
Current period gross charge-offs— (126)(84)— — (12,950)— (26)(13,186)
Commercial and industrial
Pass435,917 486,720 512,622 261,603 268,194 684,931 1,375,201 6,346 4,031,534 
Special Mention9,928 8,333 19,931 18,888 4,844 58,632 117,940 313 238,809 
Substandard or Lower10,795 16,593 34,748 10,183 12,496 49,439 176,755 24,237 335,246 
Total commercial and industrial456,640 511,646 567,301 290,674 285,534 793,002 1,669,896 30,896 4,605,589 
Commercial and industrial
Current period gross charge-offs(612)(3,709)(2,560)(4,587)(317)(7,612)(3,553)(3,635)(26,585)
Real estate - construction(1)
Pass197,206 494,072 157,296 37,438 8,784 41,480 30,608 619 967,503 
Special Mention— 10,612 80,651 69,109 938 — — — 161,310 
Substandard or Lower— — 14,407 10,399 — 20,350 121 1,906 47,183 
Total real estate - construction197,206 504,684 252,354 116,946 9,722 61,830 30,729 2,525 1,175,996 
Real estate - construction(1)
Current period gross charge-offs— — — — — — — — — 
Total
Pass$1,256,865 $1,879,088 $1,808,587 $1,615,041 $1,354,603 $4,140,549 $1,475,751 $16,611 $13,547,095 
Special Mention14,369 92,293 249,862 245,540 34,516 165,731 128,918 313 931,542 
Substandard or Lower15,626 61,258 152,107 116,199 87,593 263,711 178,256 30,056 904,806 
Total$1,286,860 $2,032,639 $2,210,556 $1,976,780 $1,476,712 $4,569,991 $1,782,925 $46,980 $15,383,443 
(1) Excludes non-commercial real estate - construction.

For a description of the Corporation's internal risk rating categories, see "Note 1 - Summary of Significant Accounting Policies" under the heading "Allowance for Credit Losses."
The Corporation considers the performance of the loan portfolio and its impact on the ACL. The Corporation does not assign internal risk ratings to smaller balance, homogeneous loans, such as home equity loans, residential mortgage loans, construction loans to individuals secured by residential real estate and consumer loans. For these loans, the most relevant credit quality indicator is delinquency status, and the Corporation evaluates credit quality based on the aging status of the loan. The following tables present the amortized cost of these loans based on payment activity, by origination year, for the periods shown:

December 31, 2025
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20252024202320222021PriorCost BasisCost BasisTotal
Real estate - residential mortgage
Performing$724,505 $536,668 $662,479 $1,412,885 $1,603,854 $1,684,033 $— $— $6,624,424 
Non-performing134 645 2,102 9,752 4,961 27,975 — — 45,569 
Total real estate - residential mortgage724,639 537,313 664,581 1,422,637 1,608,815 1,712,008 — — 6,669,993 
Real estate - residential mortgage
Current period gross charge-offs— (19)(201)(294)(161)(378)— — (1,053)
Consumer and real estate - home equity
Performing231,952 23,963 74,129 140,759 43,561 201,571 1,042,448 36,924 1,795,307 
Non-performing97 84 143 409 568 4,992 2,497 3,083 11,873 
Total consumer and real estate - home equity232,049 24,047 74,272 141,168 44,129 206,563 1,044,945 40,007 1,807,180 
Consumer and real estate - home equity
Current period gross charge-offs(215)(262)(998)(1,556)(708)(4,505)(573)— (8,817)
Construction - residential
Performing164,473 72,583 1,395 2,280 — — — — 240,731 
Non-performing— 606 — 1,406 — — — — 2,012 
Total construction - residential164,473 73,189 1,395 3,686 — — — — 242,743 
Construction - residential
Current period gross charge-offs— — — — — — — — — 
Total
Performing$1,120,930 $633,214 $738,003 $1,555,924 $1,647,415 $1,885,604 $1,042,448 $36,924 $8,660,462 
Non-performing231 1,335 2,245 11,567 5,529 32,967 2,497 3,083 59,454 
Total$1,121,161 $634,549 $740,248 $1,567,491 $1,652,944 $1,918,571 $1,044,945 $40,007 $8,719,916 
December 31, 2024
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20242023202220212020PriorCost BasisCost BasisTotal
Real estate - residential mortgage
Performing$470,918 $728,630 $1,515,521 $1,726,991 $1,022,116 $839,566 $— $— $6,303,742 
Non-performing87 1,358 5,118 3,232 5,523 30,583 — — 45,901 
Total real estate - residential mortgage471,005 729,988 1,520,639 1,730,223 1,027,639 870,149 — — 6,349,643 
Real estate - residential mortgage
Current period gross charge-offs— (172)(106)(12)(43)(888)— (251)(1,472)
Consumer and real estate - home equity
Performing178,722 116,370 211,647 65,412 48,201 188,442 913,920 40,384 1,763,098 
Non-performing236 848 918 963 753 4,571 2,893 3,192 14,374 
Total consumer and real estate - home equity178,958 117,218 212,565 66,375 48,954 193,013 916,813 43,576 1,777,472 
Consumer and real estate - home equity loans
Current period gross charge-offs(118)(1,016)(1,552)(790)(398)(2,704)(75)(1,837)(8,490)
Leases and other loans
Performing123,991 89,006 52,724 16,894 10,830 9,996 — — 303,441 
Non-performing— — 1,922 744 23 9,328 — — 12,017 
Total leases and other123,991 89,006 54,646 17,638 10,853 19,324 — — 315,458 
Leases and other loans
Current period gross charge-offs(1,977)(913)(335)(334)(192)(770)— (175)(4,696)
Construction - residential
Performing138,440 61,848 15,710 1,499 — — — — 217,497 
Non-performing— — 1,406 — — — — — 1,406 
Total construction - residential138,440 61,848 17,116 1,499 — — — — 218,903 
Construction - residential
Current period gross charge-offs— — — — — — — — — 
Total
Performing$912,071 $995,854 $1,795,602 $1,810,796 $1,081,147 $1,038,004 $913,920 $40,384 $8,587,778 
Non-performing323 2,206 9,364 4,939 6,299 44,482 2,893 3,192 73,698 
Total$912,394 $998,060 $1,804,966 $1,815,735 $1,087,446 $1,082,486 $916,813 $43,576 $8,661,476 
The following table presents non-performing assets:
December 31,
2025		December 31,
2024
 (dollars in thousands)
Non-accrual loans$153,872 $189,293 
Loans 90 days or more past due and still accruing29,924 30,781 
Total non-performing loans183,796 220,074 
OREO(1)
1,365 2,621 
Total non-performing assets$185,161 $222,695 
(1) Excludes $19.1 million and $17.5 million of residential mortgage properties for which formal foreclosure proceeding were in process as of December 31, 2025 and 2024, respectively.

The following tables present the aging of the amortized cost basis of loans, by class segment:
30-59 Days Past
Due		60-89
Days Past
Due		≥ 90 Days
Past Due
and
Accruing		Non-
accrual		CurrentTotal
(dollars in thousands)
December 31, 2025
Real estate - commercial mortgage$19,762 $17,757 $2,931 $72,050 $9,708,444 $9,820,944 
Commercial and industrial5,023 4,563 3,653 44,103 4,481,718 4,539,060 
Real estate - residential mortgage48,246 7,912 17,818 27,751 6,568,266 6,669,993 
Real estate - home equity15,646 1,417 3,958 7,126 1,214,684 1,242,831 
Real estate - construction3,698 2,555 606 1,661 961,778 970,298 
Consumer6,334 1,604 788 3 555,620 564,349 
Leases and other loans(1)
160 193 170 1,178 335,708 337,409 
Total$98,869 $36,001 $29,924 $153,872 $23,826,218 $24,144,884 
(1) Includes unearned income.
30-59 Days Past
Due		60-89
Days Past
Due		≥ 90 Days
Past Due
and
Accruing		Non-
accrual		CurrentTotal
(dollars in thousands)
December 31, 2024
Real estate - commercial mortgage$32,715 $16,684 $2,862 $99,497 $9,450,100 $9,601,858 
Commercial and industrial6,031 3,636 1,460 42,217 4,552,245 4,605,589 
Real estate - residential mortgage59,593 5,946 20,501 25,400 6,238,203 6,349,643 
Real estate - home equity6,778 1,057 4,758 8,591 1,139,432 1,160,616 
Real estate - construction3,549 5,163 — 1,746 1,384,441 1,394,899 
Consumer6,779 1,627 1,017 8 607,425 616,856 
Leases and other loans(1)
269 105 183 11,834 303,067 315,458 
Total$115,714 $34,218 $30,781 $189,293 $23,674,913 $24,044,919 
(1) Includes unearned income.

Loan Modifications to Borrowers Experiencing Financial Difficulty

The Corporation modifies loans by providing a concession when deemed appropriate. Depending on the circumstances, a term extension, interest rate reduction or principal forgiveness may be granted. In certain instances a combination of concessions may be provided to a borrower.

When principal forgiveness is provided, the amount of principal forgiven is deemed to be uncollectible and the amortized cost basis of the loan is reduced by the amount of the forgiven portion, with a corresponding reduction to the ACL.
The following table presents the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted:

Term Extension
202520242023
Amortized Cost Basis% of Class of Financing ReceivableAmortized Cost Basis% of Class of Financing ReceivableAmortized Cost Basis% of Class of Financing Receivable
(dollars in thousands)
Real estate - commercial mortgage$81,548 0.83 %$20,501 0.21 %$2,944 0.04 %
Commercial and industrial30,493 0.67 3,913 0.08 11,970 0.26 
Real estate - residential mortgage5,814 0.09 11,604 0.18 8,182 0.15 
Real estate - home equity372 0.03 379 0.03 — — 
Real estate - construction30,454 3.14 595 0.04 — — 
Total$148,681 $36,992 $23,096 

Interest Rate Reduction and Term Extension
202520242023
Amortized Cost Basis% of Class of Financing ReceivableAmortization Cost Basis% of Class of Financing ReceivableAmortization Cost Basis% of Class of Financing Receivable
(dollars in thousands)
Real estate - residential mortgage$3,014 0.05 %$2,365 0.04 %$910 0.02 %
Total$3,014 $2,365 $910 
The following table presents the financial effect of the modifications made to borrowers experiencing financial difficulty:

Term Extension
Financial Effect
2025
Real estate - commercial mortgage
Added a weighted-average 0.96 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial
Added a weighted-average 1.01 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 9.52 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity
Added a weighted-average 15.29 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - construction
Added a weighted-average 1.24 years to the life of loans, which reduced monthly payment amounts for the borrowers.
2024
Real estate - commercial mortgage
Added a weighted-average 1.99 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial
Added a weighted-average 0.67 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 8.98 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity
Added a weighted-average 14.30 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - construction
Added a weighted-average 0.67 years to the life of loans, which reduced monthly payment amounts for the borrowers.
2023
Real estate - commercial mortgage
Added a weighted-average 1.22 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial
Added a weighted-average 0.92 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 8.10 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Interest Rate Reduction
Financial Effect
2025
Real estate - residential mortgage
Reduced weighted-average interest rate from 3.37% to 1.41%
2024
Real estate - residential mortgage
Reduced weighted-average interest rate from 2.35% to 1.40%
2023
Real estate - residential mortgage
Reduced weighted-average interest rate from 3.76% to 2.30%

During the years ended December 31, 2025, 2024 and 2023, there were no loans modified due to financial difficulty where there was a principal balance forgiveness.
The following table presents the performance of loans that have been modified due to financial difficulty in the previous 12 months.
30-8990+Total
Days PastPast DueNon-Past
CurrentDueand AccruingAccrualDue
(dollars in thousands)
Real estate - commercial mortgage$81,174 $— $— $375 $375 
Commercial and industrial27,667 — — 2,826 2,826 
Real estate - residential mortgage5,153 933 123 2,618 3,674 
Real estate - home equity197 — — 175 175 
Real estate - construction30,199 — — 255 255 
Total$144,390 $933 $123 $6,249 $7,305 
There were no commitments to lend additional funds to borrowers with loan modifications as a result of financial difficulty as of December 31, 2025.
v3.25.4
Premises and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Premises and Equipment
NOTE 6 - PREMISES AND EQUIPMENT

The following is a summary of premises and equipment as of December 31:
20252024
 (dollars in thousands)
Land$28,426 $36,080 
Buildings and improvements295,165 310,786 
Furniture and equipment178,401 173,778 
Construction in progress6,648 4,872 
Total premises and equipment508,640 525,516 
Less: Accumulated depreciation and amortization(333,400)(329,989)
Net premises and equipment$175,240 $195,527 

The $23.3 million decrease in land and buildings and improvements at December 31, 2025 compared to December 31, 2024 was primarily due to financial center closures.
v3.25.4
Mortgage Servicing Rights
 12 Months Ended
Dec. 31, 2025
Transfers and Servicing [Abstract]  
Mortgage Servicing Rights
NOTE 8 - MORTGAGE SERVICING RIGHTS
The following table summarizes the changes in MSRs, which are included in other assets on the Consolidated Balance Sheets, with adjustments to the carrying value included in mortgage banking income on the Consolidated Statements of Income:
202520242023
 (dollars in thousands)
Amortized cost:
Balance at beginning of period$30,691 $31,602 $34,217 
Originations of MSRs3,596 3,758 2,475 
Amortization(4,553)(4,669)(5,090)
Balance at end of period$29,734 $30,691 $31,602 
Estimated fair value of MSRs at end of period$49,861 $53,972 $49,696 

MSRs represent the economic value of contractual rights to service mortgage loans that have been sold. The total portfolio of mortgage loans serviced by the Corporation for unrelated third parties was $4.0 billion and $4.1 billion as of December 31, 2025 and 2024, respectively. Actual and expected prepayments of the underlying mortgage loans can impact the fair value of MSRs. The Corporation accounts for MSRs at the lower of amortized cost or fair value.

The fair value of MSRs is estimated by discounting the estimated cash flows from servicing income, net of expense, over the expected life of the underlying loans at a discount rate commensurate with the risk associated with these assets. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections. The fair values of MSRs were $49.9 million, $54.0 million and $49.7 million as of December 31, 2025, 2024 and 2023, respectively. Based on its fair value analysis as of December 31, 2025, 2024 and 2023, the Corporation determined that no valuation allowances were required.
Total servicing income, included in mortgage banking income in the Consolidated Statements of Income, was $10.1 million, $10.2 million and $10.2 million as of December 31, 2025, 2024 and 2023, respectively.


Total MSRs amortization expense, recognized as a reduction to mortgage banking income in the Consolidated Statements of Income, was $4.6 million, $4.7 million and $5.1 million in 2025, 2024 and 2023, respectively. Estimated future MSRs amortization expense, based on balances as of December 31, 2025, and the estimated remaining lives of the underlying loans, is as follows (dollars in thousands):
Year 
2026$3,837 
20273,371 
20282,968 
20292,626 
20302,339 
Thereafter14,593 
Total estimated amortization expense$29,734 
v3.25.4
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
NOTE 7 - GOODWILL AND INTANGIBLE ASSETS
Goodwill totaled $553.3 million as of December 31, 2025 and 2024, respectively. There were no goodwill impairment charges in 2025 based on the Corporation's annual assessment.
The estimated fair values of the Corporation's reporting units are subject to uncertainty, including future changes in fair values of banks in general and future operating results of reporting units, which could differ significantly from the assumptions used in the current valuation of reporting units.
The following table summarizes intangible assets, which are included in goodwill and net intangible assets on the Consolidated Balance Sheets:
December 31,
20252024
(dollars in thousands)
Amortizing intangible assets$106,196 $106,196 
Accumulated amortization(46,546)(24,085)
Net intangibles$59,650 $82,111 
Net intangibles included CDI of $58.2 million and $80.2 million as of December 31, 2025 and 2024, respectively. The CDI was recorded as part of the Republic First Transaction and the Prudential Bancorp merger and is being amortized over seven years using the sum-of-the-years'-digits method.
The following table summarizes CDI amortization expense for each of the next five years and thereafter (dollars in thousands):
Year
2026$18,667 
202715,066 
202811,213 
20297,717 
20304,409 
Thereafter1,102 
Total$58,174 
v3.25.4
Deposits
 12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Deposits
NOTE 9 - DEPOSITS
Deposits consisted of the following as of December 31:
20252024
 (dollars in thousands)
Noninterest-bearing demand$5,256,096 $5,499,760 
Interest-bearing demand7,970,188 7,843,604 
Savings and money market accounts8,512,829 7,792,114 
Total demand and savings21,739,113 21,135,478 
Brokered deposits855,042 843,857 
Time deposits3,995,252 4,150,098 
Total Deposits$26,589,407 $26,129,433 

The scheduled maturities of time deposits as of December 31, 2025 were as follows (dollars in thousands):
Year 
2026$3,528,876 
2027291,166 
2028114,925 
202912,464 
20308,151 
Thereafter39,670 
Total $3,995,252 

Included in time deposits were certificates of deposit equal to or greater than $100,000 of $2.4 billion and $2.5 billion as of December 31, 2025 and 2024, respectively. Time deposits equal or greater than $250,000 were $1.1 billion and $1.0 billion as of December 31, 2025 and 2024, respectively.
v3.25.4
Borrowings
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Borrowings
NOTE 10 - BORROWINGS
Borrowings as of December 31, 2025 and 2024 and the related maximum amounts outstanding at the end of any month in each of the two years then ended are presented below.
 December 31Maximum Outstanding
2025202420252024
(dollars in thousands)
Federal funds purchased$— $— $— $125,000 
FHLB advances250,000 850,000 800,000 1,706,621 
Other borrowings:
Short-term promissory notes issued to customers and customer repurchase agreements678,822 563,831 686,669 625,829 
Other borrowings916 901 1,282 1,155 
Total other borrowings$679,738 $564,732 

As of December 31, 2025, the Corporation had aggregate federal funds line borrowing capacity of $2.6 billion, with no amount outstanding. A combination of commercial real estate loans, commercial loans, consumer loans and investment securities were pledged to the FRB to provide access to the FRB discount window borrowings. The Corporation had $3.9 billion of collateralized borrowing availability at the FRB discount window with no amount outstanding as of December 31, 2025.
As of December 31, 2025, the Corporation had total FHLB borrowing capacity of $11.6 billion, consisting of $250.0 million in outstanding advances and $4.2 billion in letters of credit issued to collateralize municipal deposits, resulting in a remaining borrowing capacity of approximately $7.1 billion. Advances from the FHLB, when utilized, are secured by qualifying commercial real estate and residential mortgage loans, investments and other assets.

The following is included in senior and subordinated debt as of December 31:
20252024
 (dollars in thousands)
Subordinated debt$370,000 $370,000 
Unamortized discounts and issuance costs(2,363)(2,684)
Total senior debt and subordinated debt$367,637 $367,316 

The following table summarizes the scheduled maturities of senior and subordinated debt with an original maturity of one year or more as of December 31, 2025 (dollars in thousands):

Year 
2026$— 
2027— 
2028— 
2029— 
2030195,000 
Thereafter175,000 
Unamortized discounts and issuance costs(2,363)
Total$367,637 

In November 2024, the Corporation retired $168.8 million of subordinated notes issued in June 2015 and November 2014 which matured on November 15, 2024. The subordinated notes issued June 2015 carried a fixed rate of 4.50% and an effective rate of 4.69% as a result of discounts and issuance costs. Interest was paid semi-annually in May and November. The subordinated notes issued November 2014, carried a fixed rate of 4.50% and an effective rate of 4.87% as a result of discounts and issuance costs. Interest was paid semi-annually in May and November.
In December 2023, the Corporation retired $5.0 million of subordinated debt with a fixed-to-floating rate of 3.25% and effective rate of 3.35% maturing in 2030.

In March 2020, the Corporation issued $200.0 million and $175.0 million of subordinated notes due in 2030 and 2035, respectively. The subordinated notes maturing in 2030 were issued with a fixed-to-floating rate of 3.25% and an effective rate of 3.35%, due to issuance costs, and the subordinated notes maturing in 2035 were issued with a fixed-to-floating rate of 3.75% and an effective rate of 3.85%, due to issuance costs. The subordinated notes due in 2030 converted to a floating rate based on the three-month term SOFR, plus 230 bps on March 15, 2025.
v3.25.4
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
NOTE 11 - DERIVATIVE FINANCIAL INSTRUMENTS
The following table presents a summary of notional amounts and fair values of derivative financial instruments as of December 31:
20252024
Notional
Amount		Asset
(Liability)
Fair Value		Notional
Amount		Asset
(Liability)
Fair Value
(dollars in thousands)
Interest Rate Locks with Customers
Positive fair values$203,580 $563 $171,933 $389 
Negative fair values926 (6)3,888 (58)
Forward Commitments
Positive fair values— — 51,250 363 
Negative fair values71,207 (156)— — 
Interest Rate Derivatives with Customers(1)
Positive fair values2,118,722 39,236 767,905 8,480 
Negative fair values2,747,758 (130,521)3,976,294 (239,058)
Interest Rate Derivatives with Dealer Counterparties
Positive fair values2,747,758 77,528 3,976,294 150,480 
Negative fair values2,118,722 (39,606)767,905 (10,734)
Interest Rate Derivatives used in Cash Flow Hedges
Positive fair values
2,950,000 11,489 2,500,000 227 
Negative fair values
— — 1,400,000 (2,971)
Foreign Exchange Contracts with Customers
Positive fair values1,239 8 28,327 1,619 
Negative fair values13,007 (714)693 (27)
Foreign Exchange Contracts with Correspondent Banks
Positive fair values14,424 883 4,059 63 
Negative fair values1,870 (6)32,406 (1,569)
(1) Fair values are net of a valuation allowance of $366.3 thousand as of December 31, 2025 and 2024.
The following table presents the effect of cash flow hedge accounting on AOCI:
Amount of Gain (Loss) Recognized in OCI on Derivative Amount of Gain (Loss) Recognized in OCI Included ComponentAmount of Gain (Loss) Recognized in OCI Excluded ComponentLocation of Gain (Loss) Recognized from AOCI into IncomeAmount of Gain (Loss) Reclassified from AOCI into Income Amount of Gain (Loss) Reclassified from AOCI into Income Included ComponentAmount of Gain (Loss) Reclassified from AOCI into Income Excluded Component
(dollars in thousands)
Year ended December 31, 2025
Interest Rate Products$348 $348 $— Interest Income$(19,504)$(19,504)$— 
Interest Rate Products514 514 — Interest Expense(900)(900)— 
Total $862 $862 $— $(20,404)$(20,404)$— 
Year ended December 31, 2024
Interest Rate Products$(10,261)$(10,261)$— Interest Income$(29,899)$(29,899)$— 
Interest Rate Products11,025 11,025 — Interest Expense6,446 6,446 — 
Total$764 $764 $— $(23,453)$(23,453)$— 

The following table presents the effect of fair value and cash flow hedge accounting on the income statement for the year ended December 31:
Consolidated Statements of Income Classification
20252024
Interest IncomeInterest ExpenseInterest IncomeInterest Expense
(dollars in thousands)
Total amounts of income line items presented in the Consolidated Statements of Income in which the effects of fair value or cash flow hedges are recorded$(19,504)$(900)$(29,899)$6,446 
The effects of fair value and cash flow hedging:
Amount of gain or (loss) on cash flow hedging relationships— — — — 
Interest rate derivatives:
Amount of (loss) gain reclassified from AOCI into income(19,504)(900)(29,899)6,446 
Amount of (loss) gain reclassified from AOCI into income as a result of a forecasted transaction that is no longer probable of occurring— — — — 
Amount of (loss) gain reclassified from AOCI into income - included component(19,504)(900)(29,899)6,446 
Amount of (loss) gain reclassified from AOCI into income - excluded component— — — — 

During the next twelve months, the Corporation estimates that an additional $1.8 million will be reclassified as a decrease to interest income.
The following table presents the fair value gains (losses) on derivative financial instruments for the years ended December 31:
 Consolidated Statements of Income Classification202520242023
 (dollars in thousands)
Mortgage banking derivatives(1)
Mortgage banking$(292)$1,090 $(380)
Interest rate derivativesOther income258 419 (1,855)
Foreign exchange contractsOther income84 (9)7 
Net fair value gains (losses) on derivative financial instruments$50 $1,500 $(2,228)
(1) Includes interest rate locks with customers and forward commitments.

Fair Value Option

The Corporation has elected to measure mortgage loans held for sale at fair value. The following table presents a summary of mortgage loans held for sale and the impact of the fair value election on the Consolidated Financial Statements as of December 31:
20252024
 (dollars in thousands)
Amortized Cost (1)
$16,005 $25,316 
Fair value16,316 25,618 
(1) Cost basis of mortgage loans held for sale represents the unpaid principal balance.

Losses related to changes in fair values of mortgage loans held for sale were nominal for the year ended December 31, 2025. Losses related to changes in fair values of mortgage loans held for sale were $0.1 million for the year ended December 31, 2024, and gains related to changes in fair values of mortgage loans held for sale were $0.3 million for the year ended December 31, 2023. The gains and losses are recorded on the Consolidated Income Statements as an adjustment to mortgage banking income.
Balance Sheet Offsetting

The fair values of interest rate derivative agreements and foreign exchange contracts the Corporation enters into with customers and dealer counterparties may be eligible for offset on the Consolidated Balance Sheets if they are subject to master netting arrangements or similar agreements. The Corporation has elected to net its financial assets and liabilities designated as interest rate derivatives when offsetting is permitted. The following table presents the Corporation's financial instruments that are eligible for offset, and the effects of offsetting, on the Consolidated Balance Sheets as of December 31:
Gross AmountsGross Amounts Not Offset
Recognized on the Consolidated
on theBalance Sheets
ConsolidatedFinancialCashNet
Balance Sheets
Instruments(1)
Collateral(2)
Amount
(dollars in thousands)
2025
Interest rate derivative assets$128,253 $(18,829)$— $109,424 
Foreign exchange derivative assets with correspondent banks883 (883)— — 
Total $129,136 $(19,712)$— $109,424 
Interest rate derivative liabilities$170,127 $(30,318)$(54,200)$85,609 
Foreign exchange derivative liabilities with correspondent banks6 (883)— (877)
Total$170,133 $(31,201)$(54,200)$84,732 
2024
Interest rate derivative assets$159,187 $(12,739)$— $146,448 
Foreign exchange derivative assets with correspondent banks63 (63)— — 
Total$159,250 $(12,802)$— $146,448 
Interest rate derivative liabilities$252,763 $(9,995)$(94,339)$148,429 
Foreign exchange derivative liabilities with correspondent banks1,569 (63)— 1,506 
Total$254,332 $(10,058)$(94,339)$149,935 

(1) For interest rate derivative assets, amounts represent any derivative liability fair values that could be offset in the event of counterparty or customer default.
For interest rate derivative liabilities, amounts represent any derivative asset fair values that could be offset in the event of counterparty or customer default.
(2) Amounts represent cash collateral received from the counterparty or posted by the Corporation on interest rate derivative transactions and foreign
exchange contracts with financial institution counterparties. Interest rate derivatives with customers are collateralized by the same collateral securing the
underlying loans to those borrowers. Cash and securities collateral amounts are included in the table only to the extent of the net derivative fair values.

Cash Flow Hedge Terminations
In January 2023, the Corporation terminated interest rate derivatives designated as cash flow hedges with a combined notional amount of $1.0 billion. As the hedged transaction continues to be probable, the unrealized losses that have been recorded in AOCI are recognized as reduction to interest income, including fees, when the previously forecasted hedged item affects earnings in future periods. During the years ended December 31, 2025, 2024 and 2023, $13.0 million, $27.9 million and $22.1 million, respectively of these unrealized losses have been reclassified as a reduction of interest income on loans, including fees, on the Consolidated Statements of Income.
v3.25.4
Regulatory Matters
 12 Months Ended
Dec. 31, 2025
Regulatory Matters [Abstract]  
Regulatory Matters
NOTE 12 - REGULATORY MATTERS
Regulatory Capital Requirements

The Corporation and the Bank are subject to regulatory capital requirements administered by banking regulators. Failure to meet minimum capital requirements can trigger certain mandatory - and possibly additional discretionary - actions by regulators that, if undertaken, could have a direct material effect on the Corporation's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

Basel III Rules

The Basel III Rules provide a comprehensive framework and require the Corporation and the Bank to:

•Meet a minimum CET1 capital ratio of 4.50% of risk-weighted assets and a minimum Tier 1 capital of 6.00% of risk-weighted assets;
•Meet a minimum Total capital ratio of 8.00% of risk-weighted assets and a minimum Tier 1 leverage capital ratio of 4.00% of average assets;
•Maintain a "capital conservation buffer" of 2.50% above the minimum risk-based capital requirements, which must be maintained to avoid restrictions on capital distributions and certain discretionary bonus payments; and
•Comply with a revised definition of capital to improve the ability of regulatory capital instruments to absorb losses. Certain non-qualifying capital instruments, including cumulative preferred stock and TruPS, are excluded as a component of Tier 1 capital for institutions of the Corporation's size.

The Corporation and the Bank are required to maintain a "capital conservation buffer" of 2.50% above the minimum risk-based capital requirements. The rules provide that the failure to maintain the "capital conservation buffer" results in restrictions on capital distributions and discretionary cash bonus payments to executive officers. As a result, under the Basel III Rules, if the Bank fails to maintain the required minimum capital conservation buffer, the Corporation will be subject to limits, and possibly prohibitions, on its ability to obtain capital distributions from such subsidiaries. If the Corporation does not receive sufficient cash dividends from the Bank, it may not have sufficient funds to pay dividends on its common stock, service its debt obligations or repurchase its common stock.

As of December 31, 2025 and 2024, the Corporation's capital levels met the minimum capital requirements, including the capital conservation buffers, as prescribed in the Basel III Rules.

As of December 31, 2025 and 2024, the Bank was well capitalized under the regulatory framework for prompt corrective action based on its capital ratio calculation. To be categorized as well capitalized, the Bank was required to maintain minimum total risk-based, Tier I risk-based, CET1 risk-based and Tier I leverage ratios as set forth in the table below.

There are no conditions or events since December 31, 2025, that management believes have changed the Corporation and the Bank's categories.
The following tables present the Total risk-based, Tier I risk-based, CET1 risk-based and Tier I leverage requirements under the Basel III Rules as of December 31:
2025
ActualFor Capital
Adequacy Purposes		Well Capitalized
  AmountRatioAmountRatioAmountRatio
 (dollars in thousands)
Total Capital (to Risk-Weighted Assets):
Corporation$3,716,146 15.2 %$1,960,184 8.0 %N/AN/A
Fulton Bank3,480,147 14.3 1,951,104 8.0 $2,438,880 10.0 %
Tier I Capital (to Risk-Weighted Assets):
Corporation$3,080,327 12.6 %$1,470,138 6.0 %N/AN/A
Fulton Bank3,174,366 13.0 1,463,328 6.0 $1,951,104 8.0 %
CET1 Capital (to Risk-Weighted Assets):
Corporation$2,887,449 11.8 %$1,102,603 4.5 %N/AN/A
Fulton Bank3,130,366 12.8 1,097,496 4.5 $1,585,272 6.5 %
Tier I Leverage Capital (to Average Assets):
Corporation$3,080,327 9.7 %$1,265,715 4.0 %N/AN/A
Fulton Bank3,174,366 10.1 1,262,175 4.0 $1,577,719 5.0 %
N/A - Not applicable as "well capitalized" applies to banks only.

2024
ActualFor Capital
Adequacy Purposes		Well Capitalized
AmountRatioAmountRatioAmountRatio
(dollars in thousands)
Total Capital (to Risk-Weighted Assets):
Corporation$3,544,021 14.3 %$1,986,754 8.0 %N/AN/A
Fulton Bank3,338,891 13.5 1,976,697 8.0 $2,470,871 10.0 %
Tier I Capital (to Risk-Weighted Assets):
Corporation$2,866,143 11.5 %$1,490,065 6.0 %N/AN/A
Fulton Bank3,029,881 12.3 1,482,523 6.0 $1,976,697 8.0 %
CET1 Capital (to Risk-Weighted Assets):
Corporation$2,673,265 10.8 %$1,117,549 4.5 %N/AN/A
Fulton Bank2,985,881 12.1 1,111,892 4.5 $1,606,066 6.5 %
Tier I Leverage Capital (to Average Assets):
Corporation$2,866,143 9.0 %$1,269,248 4.0 %N/AN/A
Fulton Bank3,029,881 9.6 1,265,809 4.0 $1,582,261 5.0 %
N/A - Not applicable as "well capitalized" applies to banks only.

Dividend and Loan Limitations

The dividends that may be paid by the Bank to the Parent Company are subject to certain legal and regulatory limitations. The total amount available for payment of dividends by the Bank to the Parent Company calculated using the three-year earnings test was approximately $373.5 million as of December 31, 2025 based on the Bank maintaining enough capital to be considered well capitalized under the Basel III Rules. A condition of the OCC’s approval of the Republic First Transaction requires that the Bank, for a period of two years following the Acquisition Date, request and receive a written determination of no supervisory objection from the OCC prior to declaring or paying any dividend to the Parent Company.

Under current regulations, the Bank is limited in the amount it may lend to its affiliates, including the Parent Company. Loans to a single affiliate may not exceed 10%, and the aggregate of loans to all affiliates may not exceed 20% of the Bank's regulatory capital
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
NOTE 13 - INCOME TAXES
The components of income tax expense are as follows:
202520242023
 (dollars in thousands)
Income before income tax expense (benefit)
U.S.$485,586 $344,629 $348,721 
Income tax expense (benefit)
Current tax expense
U.S. federal$84,652 $66,817 $49,707 
U.S. state and local13,493 12,256 11,137 
Total current tax expense98,145 79,073 60,844 
Deferred tax (benefit) expense
U.S. federal(2,685)(20,248)3,021 
U.S. state and local(1,483)(2,939)576 
Total deferred tax (benefit) expense(4,168)(23,187)3,597 
Total income tax expense (benefit)
U.S. federal81,967 46,569 52,728 
U.S. state and local12,010 9,317 11,713 
Total income tax expense (benefit)$93,977 $55,886 $64,441 

There was no income from foreign countries for the years ended December 31, 2025, 2024 and 2023.

The differences between the effective income tax rate and the federal statutory income tax rate are as follows:
202520242023
(dollars in thousands)
U.S. federal statutory tax rate$101,973 21.0 %$72,372 21.0 %$73,231 21.0 %
Federal
Tax credits
Low-income housing tax credits, net(4,051)(0.8)(1,163)(0.3)$(4,716)(1.3)
Other, net6 — 29 — 24 — 
Non-taxable or non-deductible items
Tax-exempt income on loans(9,875)(2.0)(9,636)(2.8)(8,445)(2.4)
Tax-exempt income on securities(4,700)(1.0)(5,224)(1.5)(6,120)(1.8)
Bargain purchase gain— — (7,769)(2.3)— — 
Other1,643 0.3 833 0.2 1,415 0.4 
Domestic state and local income tax, net of federal8,981 1.9 6,444 1.9 9,052 2.6 
Total income tax expense$93,977 19.4 %$55,886 16.2 %$64,441 18.5 %

There were no domestic federal reconciling items related to the effect of cross-border tax laws, the effect of changes in tax laws or rates enacted in the current period, changes in valuation allowance, foreign tax effects, or changes in unrecognized tax benefits.
State and local income taxes in New Jersey, Maryland and Delaware comprised the majority of the domestic state and local income taxes, net of federal effect for the years 2025, 2024 and 2023, respectively.
The components of income taxes paid are as follows:
202520242023
(dollars in thousands)
U.S. federal, net of refunds$96,396 $11,656 $10,423 
U.S. state and local, net of refunds
New Jersey8,110 5,638 3,671 
Maryland5,508 2,488 2,329 
Delaware2,452 2,476 1,939 
Other222 505 78 
Total U.S. state and local, net of refunds16,292 11,107 8,017 
Total income taxes paid$112,688 $22,763 $18,440 

The net DTA recorded by the Corporation is included in other assets and consists of the following tax effects of temporary differences as of December 31:
20252024
(dollars in thousands)
Deferred tax assets:
Allowance for credit losses$89,053 $90,148 
Unrealized holding losses on securities62,962 85,516 
Lease liability35,969 34,921 
State loss carryforwards27,964 26,118 
Other accrued expenses14,908 16,142 
Deferred compensation12,683 11,138 
Stock-based compensation5,042 5,458 
Intangible assets4,403 5,889 
New Jersey FAS 109 deduction2,412 2,412 
Other6,916 5,032 
Total gross deferred tax assets$262,312 $282,774 
Deferred tax liabilities:
Equipment lease financing50,366 45,644 
Right-of-use-asset32,875 31,960 
Acquisition premiums/discounts8,999 16,360 
Postretirement and defined benefit plans7,320 5,560 
MSRs6,978 6,952 
Tax credit investments1,241 2,033 
Premises and equipment— 736 
Total gross deferred tax liabilities$107,779 $109,245 
Net deferred tax asset, before valuation allowance154,533 173,529 
Valuation allowance(27,964)(26,118)
Net deferred tax asset$126,569 $147,411 
In assessing the realizability of DTAs, management considers whether it is more likely than not that some or all of the DTAs will not be realized. The ultimate realization of DTAs is dependent upon the generation of future taxable income and/or capital gain income during periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies, such as those that may be implemented to generate capital gains, in making this assessment.

The valuation allowance relates to state net operating loss carryforwards for which realizability is uncertain. As of December 31, 2025 and 2024, the Corporation had state net operating loss carryforwards of approximately $416.8 million and $389.3 million, respectively, which are available to offset future state taxable income, and expire at various dates through 2045.
As of December 31, 2025, based on the level of historical taxable income and projections for future taxable income over the periods in which the DTAs are deductible, management believes it is more likely than not that the Corporation will realize the benefits of its DTAs, net of the valuation allowance.

Uncertain Tax Positions
The following table summarizes the changes in unrecognized tax benefits for the years ended December 31:
202520242023
(dollars in thousands)
Balance at beginning of year$1,060 $1,044 $1,228 
Current period tax positions114 120 147 
Lapse of statute of limitations(82)(104)(331)
Balance at end of year$1,092 $1,060 $1,044 

Virtually all of the Corporation's unrecognized tax benefits are for positions that are taken on an annual basis on state tax returns. Increases to unrecognized tax benefits will occur as a result of accruing for the nonrecognition of the position for the current year.

Decreases will occur as a result of the lapsing of the statute of limitations for the oldest outstanding year which includes the position. Decreases can also occur throughout the settlement of positions with taxing authorities.

As of December 31, 2025, if recognized, all of the Corporation's unrecognized tax benefits would impact the effective tax rate. Not included in the table above is $131 thousand of federal income tax benefit on unrecognized state tax benefits which, if recognized, would also impact the effective tax rate. Interest accrued related to unrecognized tax benefits is recorded as a component of income tax expense. Penalties, if incurred, would also be recognized in income tax expense. The Corporation recognized approximately $45 thousand and $168 thousand of recoveries in 2025 and 2024, respectively, for interest and penalties in income tax expense related to unrecognized tax positions. As of December 31, 2025 and 2024, total accrued interest and penalties related to unrecognized tax positions were approximately $133 thousand and $177 thousand, respectively.

The Corporation files income tax returns in the federal and various state jurisdictions. In most cases, unrecognized tax benefits are related to tax years that remain subject to examination by the relevant taxing authorities. With few exceptions, the Corporation is no longer subject to federal, state and local examinations by tax authorities for years before 2022.

Tax Credit Investments

The TCIs are included in other assets, with any unfunded equity commitments recorded in other liabilities on the Consolidated Balance Sheets and changes are reflected in change in tax credit investments in the Consolidated Statements of Cash Flows.

In 2023, the Corporation adopted ASU 2023-02, which allows all TCIs to qualify for the proportional amortization method if: (1) it is probable that the income tax credits allocatable to the Corporation will be available; (2) the Corporation does not have the ability to exercise significant influence over the operating and financial policies of the underlying project; (3) substantially all of the projected benefits are from income tax credits and other income tax benefits; (4) the Corporation's projected yield based solely on the cash flows from the income tax credits and other income tax benefits is positive; and (5) the Corporation is a limited liability investor in the limited liability entity for both legal and tax purposes, and the Corporation’s liability is limited to its capital investment. See "Note 1 - Summary of Significant Accounting Policies" in the Notes to the Consolidated Financial Statements.

All TCIs held as of December 31, 2025 and 2024 that qualify for the proportional amortization method are amortized over the period the Corporation expects to receive the tax credits, with the expense included within income taxes on the Consolidated Statements of Income and net income in the Consolidated Statements of Cash Flows.

All TCIs are evaluated for impairment at the end of each reporting period. There were no impairments recorded against TCIs during 2025.
The following table presents the balances of the Corporation's TCIs and related unfunded commitments as of December 31:
20252024
Included in other assets:(dollars in thousands)
Affordable housing tax credit investments, net$218,810 $211,572 
Other tax credit investments, net35,652 29,649 
Total TCIs, net$254,462 $241,221 
Included in other liabilities:
Unfunded affordable housing tax credit commitments$78,702 $84,572 
Other tax credit liabilities29,551 24,109 
Total unfunded tax credit commitments and liabilities$108,253 $108,681 

The following table presents other information relating to the Corporation's TCIs for the years ended December 31:
202520242023
(dollars in thousands)
Components of income taxes:
Tax credits and benefits$(32,143)$(26,762)$(28,748)
Amortization of tax credits and benefits, net of tax benefits27,536 25,069 23,446 
Deferred tax expense566 559 610 
Total reduction in income tax expense$(4,041)$(1,134)$(4,692)
v3.25.4
Net Income Per Common Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Income Per Common Share
NOTE 14 - NET INCOME PER COMMON SHARE
Basic net income per common share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding.

Diluted net income per common share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding plus the incremental number of shares added as a result of converting common stock equivalents, calculated using the treasury stock method. The Corporation's common stock equivalents consist of RSUs and PSUs. PSUs are required to be included in weighted average diluted shares outstanding if performance measures, as defined in each PSU award agreement, are met as of the end of the period.

A reconciliation of weighted average common shares outstanding used to calculate basic and diluted net income per share follows:
202520242023
 (in thousands)
Weighted average common shares outstanding (basic)181,621 175,523 165,241 
Impact of common stock equivalents1,668 1,700 1,528 
Weighted average common shares outstanding (diluted)183,289 177,223 166,769 
v3.25.4
Shareholders' Equity
 12 Months Ended
Dec. 31, 2025
Accumulated Other Comprehensive Income [Abstract]  
Stockholders' Equity
NOTE 15 - SHAREHOLDERS' EQUITY
Preferred Stock

On October 29, 2020, the Corporation issued 8.0 million depositary shares ("Depositary Shares"), each representing a 1/40th interest in a share of the Corporation's 5.125% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, of which 200,000 are authorized and issued, with a liquidation preference of $1,000 per share (equivalent to $25.00 per Depositary Share), for an aggregate offering amount of $200 million. The preferred stock is redeemable, at the Corporation's option, in whole or in part, on and after January 15, 2026, and redeemable in whole, but not in part, prior to January 15, 2026 within 90 days following the occurrence of a regulatory capital treatment event.

Common Stock Offering

On May 1, 2024, the Corporation completed its underwritten public offering of 19,166,667 shares of its common stock at a price to the public of $15.00 per share, before underwriting discounts. The net proceeds to the Corporation from the offering after deducting underwriting discounts and transaction expenses were approximately $272.6 million.
Accumulated Other Comprehensive Income (Loss)

The following table presents the components of OCI for the years ended December 31: 
Before-Tax AmountTax EffectNet of Tax Amount
(dollars in thousands)
2025
Net unrealized gains on investment securities$84,428 $(19,815)$64,613 
Reclassification adjustment for investment securities gains included in net income(1)
2 — 2 
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2)
6,897 (1,224)5,673 
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges862 (123)739 
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges20,404 (4,696)15,708 
Unrecognized pension and postretirement income3,693 (867)2,826 
Amortization of net unrecognized pension and postretirement items(3)
(554)130 (424)
Total Other Comprehensive Income $115,732 $(26,595)$89,137 
2024
Net unrealized losses on investment securities$(28,993)$6,568 $(22,425)
Reclassification adjustment for investment securities gains included in net income(1)
20,283 (4,594)15,689 
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2)
7,251 (1,642)5,609 
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges764 (174)590 
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges23,453 (5,312)18,141 
Unrecognized pension and postretirement income 9,411 (2,132)7,279 
Amortization of net unrecognized pension and postretirement items(3)
(541)119 (422)
Total Other Comprehensive Income $31,628 $(7,167)$24,461 
2023
Net unrealized gains on investment securities$46,572 $(10,549)$36,023 
Reclassification adjustment for investment securities losses included in net income(1)
(733)166 (567)
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2)
7,644 (1,731)5,913 
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges9,048 (2,050)6,998 
Reclassification adjustment for net gains realized in net income on interest rate swaps used in cash flow hedges25,850 (5,855)19,995 
Unrecognized pension and postretirement income 6,162 (1,385)4,777 
Amortization of net unrecognized pension and postretirement items(3)
73 (16)57 
Total Other Comprehensive Income $94,616 $(21,420)$73,196 
(1) Amounts reclassified out of AOCI. Before-tax amounts included in "Investment securities (losses) gains, net" on the Consolidated Statements of Income. See
"Note 4 - Investment Securities," for additional details.
(2) Amounts reclassified out of AOCI. Before-tax amounts included in "Interest Income" on the Consolidated Statements of Income.
(3) Amounts reclassified out of AOCI. Before-tax amounts included in "Salaries and employee benefits" on the Consolidated Statements of Income.
The following table presents changes in each component of AOCI, net of tax, for the years ended December 31: 
Unrealized Gains (Losses) on Investment SecuritiesNet Unrealized Gains (Losses) on Interest Rate Derivatives used in Cash Flow HedgesUnrecognized Pension and Postretirement Plan Income (Costs)Total
(dollars in thousands)
Balance at December 31, 2022$(316,231)$(61,776)$(7,469)$(385,476)
OCI before reclassifications36,023 6,998 4,777 47,798 
Amounts reclassified from AOCI (567)19,995 57 19,485 
Amortization of net unrealized gains on AFS investment securities transferred to HTM5,913 — — 5,913 
Balance at December 31, 2023(274,862)(34,783)(2,635)(312,280)
OCI before reclassifications(22,425)590 7,279 (14,556)
Amounts reclassified from AOCI15,689 18,141 (422)33,408 
Amortization of net unrealized gains on AFS investment securities transferred to HTM5,609 — — 5,609 
Balance at December 31, 2024(275,989)(16,052)4,222 (287,819)
OCI before reclassifications64,613 739 — 65,352 
Amounts reclassified from AOCI2 15,708 2,402 18,112 
Amortization of net unrealized gains on AFS investment securities transferred to HTM5,673 — — 5,673 
Balance at December 31, 2025$(205,701)$395 $6,624 $(198,682)

Common Stock Repurchase Programs

On December 16, 2025, the Corporation announced that its Board of Directors approved the 2026 Repurchase Program. The 2026 Repurchase Program will expire on January 31, 2027. Under the 2026 Repurchase Program the Corporation is authorized to repurchase up to $150.0 million of shares of its common stock. Under this authorization, up to $25.0 million of the $150.0 million authorization may be used to repurchase the Corporation's preferred stock and outstanding subordinated notes. The 2026 Repurchase Program may be discontinued at any time.

On December 17, 2024, the Corporation announced that its Board of Directors approved the 2025 Repurchase Program. The 2025 Repurchase Program expired on December 31, 2025. Under the 2025 Repurchase Program, the Corporation was authorized to repurchase up to $125.0 million of shares of its common stock. Under this authorization, up to $25.0 million of the $125.0 million authorization could be used to repurchase the Corporation's preferred stock and outstanding Subordinated Notes due 2030. During 2025, approximately 3.3 million shares of common stock were repurchased at a total cost of $59.7 million, or an average cost of $18.16 per share, under the 2025 Repurchase Program.

On December 19, 2023, the Corporation announced that its Board of Directors approved the 2024 Repurchase Program. The 2024 Repurchase Program expired on December 31, 2024. Under the 2024 Repurchase Program, the Corporation was authorized to repurchase up to $125.0 million of shares of its common stock. Under this authorization, up to $25.0 million of the $125.0 million authorization could be used to repurchase the Corporation's preferred stock and outstanding subordinated notes through December 31, 2024. During 2024, approximately 1.9 million shares of common stock were repurchased at a total cost of $30.3 million, or an average cost of $15.69 per share, under the 2024 Repurchase Program

Under these repurchase programs, repurchased shares are added to treasury stock, at cost. As permitted by securities laws and other legal requirements, and subject to market conditions and other factors, purchases may be made from time to time in open market or privately negotiated transactions, including, without limitation, through accelerated share repurchase transactions.
v3.25.4
Stock-Based Compensation Plans
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Plans
NOTE 16 - STOCK-BASED COMPENSATION PLANS
The following table presents compensation expense and related tax benefits for all equity awards recognized in the Consolidated Statements of Income for the years ended December 31:
202520242023
 (dollars in thousands)
Compensation expense$13,684 $10,907 $11,265 
Tax benefit(3,110)(2,466)(2,484)
Total stock-based compensation, net of tax $10,574 $8,441 $8,781 

The tax benefits as a percentage of compensation expense, as shown in the preceding table, were 22.7%, 22.6% and 22.1% in 2025, 2024 and 2023, respectively. These percentages differ from the Corporation's federal statutory tax rate of 21%. Tax benefits are only recognized over the vesting period for awards that ordinarily will generate a tax deduction when exercised, in the case of non-qualified stock options, or upon vesting, in the case of RSUs, and PSUs. Tax benefits in excess of the tax rate resulted from incentive stock option exercises that triggered a tax deduction when they were exercised and excess tax benefits realized on vesting RSUs and PSUs during the period.

The following table presents information about stock options exercised for the years ended December 31:
202520242023
 (dollars in thousands)
Number of options exercised— 39,310 68,134 
Total intrinsic value of options exercised$— $116 $249 
Cash received from options exercised$— $496 $805 
Tax benefit from options exercised$— $23 $47 

Upon exercise, the Corporation issued shares from its authorized, but unissued, common stock to satisfy the stock options. As of December 31, 2024, there were no outstanding stock options. The Corporation did not issue any stock options during the years ended December 31, 2025, 2024 and 2023.

The following table provides information about nonvested RSUs and PSUs granted under the Employee Equity Plan and Directors' Plan for the year ended December 31, 2025:
 RSUs/PSUs
 SharesWeighted
Average
Grant Date
Fair Value
Nonvested as of December 31, 20242,702,997 $14.57 
Granted1,057,072 17.03 
Vested(796,124)15.38 
Forfeited(87,395)15.42 
Nonvested as of December 31, 20252,876,550 $15.22 

As of December 31, 2025, there was $14.2 million of total unrecognized compensation cost (pre-tax) related to RSUs and PSUs that will be recognized as compensation expense over a weighted average period of 1.95 years. As of December 31, 2025, the Employee Equity Plan had 3.2 million shares reserved for future grants through 2032, and the Directors' Plan had 256.2 thousand shares reserved for future grants through 2033.

The fair value of certain PSUs with market-based performance conditions granted under the Employee Equity Plan was estimated on the grant date using the Monte Carlo valuation methodology performed by a third-party valuation expert. This valuation is dependent upon certain assumptions, as summarized in the following table:
202520242023
Risk-free interest rate3.66 %4.75 %3.84 %
Volatility of Corporation’s stock32.92 %30.54 %35.63 %
Expected life of PSUs3 years3 years3 years
The expected life of the PSUs with fair values measured using the Monte Carlo valuation methodology was based on the defined performance period of three years. Volatility of the Corporation's stock was based on historical volatility for the period commensurate with the expected life of the PSUs. The risk-free interest rate is the zero-coupon U.S. Treasury rate commensurate with the expected life of the PSUs on the grant date. Based on the assumptions above, the Corporation calculated an estimated fair value per PSU with market-based performance conditions granted in 2025, 2024 and 2023 of $16.73, $19.59 and $10.63, respectively.

Under the ESPP, eligible employees can purchase stock of the Corporation at 85% of the fair market value of the stock on the date of purchase. The ESPP is considered to be a compensatory plan and, as such, compensation expense is recognized for the 15% discount on shares purchased. The following table summarizes activity under the ESPP:
202520242023
ESPP shares purchased131,062 133,019 162,667 
Average purchase price per share (85% of market value)$15.44 $14.55 $11.68 
Compensation expense recognized (in thousands)$357 $342 $348 
v3.25.4
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plans
NOTE 17 - EMPLOYEE BENEFIT PLANS
The following summarizes retirement plan expense for the years ended December 31:
202520242023
 (dollars in thousands)
401(k) Retirement Plan$14,069 $13,739 $11,930 
Pension Plan(841)(1,036)464 
Total$13,228 $12,703 $12,394 

The Corporation's 401(k) Retirement Plan is a defined contribution plan under which eligible employees may defer a portion of their pre-tax covered compensation on an annual basis, with employer matches of up to 5% of employee compensation. Employee and employer contributions under these features are 100% vested.

Contributions to the Pension Plan are actuarially determined and funded annually, if necessary. The Corporation recognizes the funded status of its Pension Plan on the Consolidated Balance Sheets and recognizes the changes in that funded status through OCI. The Pension Plan has been curtailed, with no additional benefits accruing to participants.

Pension Plan

The net periodic pension cost for the Pension Plan, as determined by consulting actuaries, consisted of the following components for the years ended December 31:
202520242023
 (dollars in thousands)
Interest cost$3,070 $3,159 $3,269 
Expected return on assets(3,911)(3,903)(3,436)
Net amortization and deferral— — 631 
Gain on settlement— (292)— 
Net periodic pension cost$(841)$(1,036)$464 
The following table summarizes the changes in the projected benefit obligation and fair value of Pension Plan assets for the plan years ended December 31:
20252024
 (dollars in thousands)
Projected benefit obligation at beginning of year$59,429 $68,952 
Interest cost3,070 3,159 
Benefit payments(4,761)(8,843)
Change in assumptions1,196 (4,323)
Experience gain356 484 
Projected benefit obligation at end of year$59,290 $59,429 
Fair value of plan assets at beginning of year$85,595 $84,659 
Actual return on plan assets9,309 9,779 
Benefit payments(4,761)(8,843)
Fair value of plan assets at end of year$90,143 $85,595 

The following table presents the funded status of the Pension Plan, included in other assets and other liabilities on the Consolidated Balance Sheets, as of December 31:
20252024
 (dollars in thousands)
Projected benefit obligation$(59,290)$(59,429)
Fair value of plan assets90,143 85,595 
Funded status$30,853 $26,166 

The following table summarizes the changes in the unrecognized net loss included as a component of AOCI:
 Unrecognized Net Loss  (Gain)
 Before taxNet of tax
 (dollars in thousands)
Balance as of December 31, 2023$5,320 $4,117 
Recognized as a component of 2024 periodic pension cost— — 
Unrecognized gains arising in 2024(9,417)(7,284)
Balance as of December 31, 2024(4,097)(3,167)
Recognized as a component of 2025 periodic pension cost— — 
Unrecognized gains arising in 2025(3,853)(2,949)
Balance as of December 31, 2025$(7,950)$(6,116)

The following rates were used to calculate the net periodic pension cost and the present value of benefit obligations as of December 31:
202520242023
Discount rate-projected benefit obligation5.14 %5.38 %4.73 %
Expected long-term rate of return on plan assets5.00 %5.00 %5.00 %

The discount rates used were determined using the FTSE Pension Discount Curve (formerly, the Citigroup Average Life discount rate table), as adjusted based on the Pension Plan's expected benefit payments.

The 5.00% long-term rate of return on plan assets used to calculate the net periodic pension cost was based on historical returns, adjusted for expectations of long-term asset returns based on the December 31, 2025 weighted average asset allocations. The expected long-term return is considered to be appropriate based on the asset mix and the historical returns realized.
The following table presents a summary of the fair values of the Pension Plan's assets as of December 31:
 20252024
 Estimated
Fair Value		% of Total
Assets		Estimated
Fair Value		% of Total
Assets
 (dollars in thousands)
Equity mutual funds$31,272 $31,369 
Equity common trust funds15,450 16,486 
Equity securities46,722 51.7 %47,855 55.9 %
Cash and money market funds9,802 5,534 
Fixed income mutual funds14,181 13,590 
Corporate debt securities4,840 4,090 
U.S. Government agency securities9,455 9,493 
Fixed income securities and cash38,278 42.4 %32,707 38.2 %
Other alternative investment funds5,351 5.9 %5,033 5.9 %
Total$90,351 100.0 %$85,595 100.0 %

Investment allocation decisions are made by a retirement plan committee. The goal of the investment allocation strategy is to match certain benefit obligations with maturities of fixed income securities. Alternative investments may include managed futures, commodities, real estate investment trusts, master limited partnerships, and long-short strategies with traditional stocks and bonds. All alternative investments are in the form of mutual funds, not individual contracts, to enable daily liquidity.
The fair values for assets held by the Pension Plan are based on quoted prices for identical instruments and would be categorized as Level 1 assets under the fair value hierarchy.

Estimated future benefit payments are as follows (in thousands):
Year 
2026$4,906 
20274,900 
20284,878 
20294,831 
20304,756 
Thereafter22,641 
Total$46,912 

Multiemployer Defined Benefit Pension Plan

In connection with the Prudential Bancorp merger, the Corporation assumed the pension plan obligations of Prudential Bancorp under the Prudential Bancorp Pension Plan that had previously been closed to new Prudential Bancorp participants.

The Prudential Bancorp Pension Plan is structured as a multiple employer plan under Internal Revenue Code Section 413(c). It maintains a single trust and all assets are commingled and invested on a pooled basis. All amounts payable by the multiple employer plan are a general charge upon all its assets. This structure gives rise to the risk that if a participating employer fails before funding up to cover the liabilities of its participants and orphans, then contributions for all remaining employers would increase, as assets have to be re-allocated to cover such shortfall.
Information regarding the Prudential Bancorp Pension Plan as of December 31, 2025 is as follows:

Legal Name of PlanPrudential Bancorp Pension Plan
(dollars in thousands)
Plan Employer Identification Number23-1928421
The Corporation's contribution for the year ended December 31, 2025(1)
$972 
Are the Corporation's contributions more than 5% of total contributions?No
Funded Status80.01 %
(1) Includes 2026 prepayment of $120 thousand.

Postretirement Benefits

The Corporation provides medical benefits and life insurance benefits under the Postretirement Plan to certain retired full-time employees who were employees of the Corporation prior to January 1, 1998. Prior to February 1, 2014, certain full-time employees became eligible for these discretionary benefits if they reached retirement age while working for the Corporation. The Corporation recognizes the funded status of the Postretirement Plan on the Consolidated Balance Sheets and recognizes the changes in that funded status through OCI.

The components of the net benefit for Postretirement Plan other than pensions are as follows:
202520242023
 (dollars in thousands)
Interest cost$35 $38 $42 
Net amortization and deferral(543)(541)(558)
Net postretirement benefit$(508)$(503)$(516)

This table summarizes the changes in the accumulated postretirement benefit obligation for the years ended December 31:
20252024
 (dollars in thousands)
Accumulated postretirement benefit obligation at beginning of year$753 $844 
Interest cost35 38 
Benefit payments(118)(135)
Change in experience(39)42 
Change in assumptions7 (36)
Accumulated postretirement benefit obligation at end of year$638 $753 

The fair values of the Postretirement Plan assets were $0 as of both December 31, 2025 and 2024. The funded status for the Postretirement Plan included in other liabilities was $0.6 million and $0.8 million in the Consolidated Balance Sheets as of December 31, 2025 and 2024, respectively.
The following table summarizes the changes in items recognized as a component of accumulated other comprehensive income (loss):
 Before tax 
 Unrecognized
Prior Service
Cost		Unrecognized
Net Loss (Gain)		TotalNet of tax
 (dollars in thousands)
Balance as of December 31, 2023$(1,620)$(747)$(2,367)$(1,847)
Recognized as a component of 2024 postretirement cost464 77 541 422 
Unrecognized loss arising in 2024— 6 6 5 
Balance as of December 31, 2024(1,156)(664)(1,820)(1,420)
Recognized as a component of 2025 postretirement cost464 79 543 422 
Unrecognized gain arising in 2025— (32)(32)(24)
Balance as of December 31, 2025$(692)$(617)$(1,309)$(1,022)

The following rates were used to calculate net periodic postretirement benefit cost and the present value of benefit obligations as of December 31:
202520242023
Discount rate-projected benefit obligation5.14 %5.38 %4.73 %
Expected long-term rate of return on plan assets3.00 %3.00 %3.00 %
The discount rates used to calculate the accumulated postretirement benefit obligation were determined using the FTSE Pension Discount Curve (formerly, the Citigroup Average Life discount rate table), as adjusted based on the Postretirement Plan's expected benefit payments.

Estimated future benefit payments under the Postretirement Plan are as follows (dollars in thousands):
Year 
2026$110 
202799 
202888 
202978 
203068 
Thereafter226 
Total $669 
v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases
NOTE 18 - LEASES
The Corporation has operating leases for certain financial centers, corporate offices and land.

The following table presents the components of lease expense, which is included in net occupancy expense on the Consolidated Statements of Income:
202520242023
(dollars in thousands)
Operating lease expense$27,852 $27,893 $19,372 
Variable lease expense3,966 3,147 3,160
Sublease income(851)(1,224)(1,111)
Total lease expense$30,967 $29,816 $21,421 


Supplemental Consolidated Balance Sheet information related to leases was as follows as of December 31:
Operating LeasesBalance Sheet Classification20252024
 (dollars in thousands)
ROU assetsOther assets$139,965 $140,997 
Lease liabilitiesOther liabilities$153,253 $154,176 
Weighted average remaining lease term9.04 years9.30 years
Weighted average discount rate5.90 %5.51 %

The discount rate used in determining the lease liability for each individual lease is the Bank's incremental borrowing rate which corresponds with the remaining lease term.

Supplemental cash flow information related to operating leases was as follows:
20252024
 (dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities$29,224 $25,161 
ROU assets obtained in exchange for lease obligations20,978 78,278 

Lease payment obligations for each of the next five years and thereafter, with a reconciliation to the Corporation's lease liability were as follows:
YearOperating Leases
(dollars in thousands)
2026$27,737 
202725,482 
202822,772 
202919,560 
203018,112
Thereafter89,922 
Total lease payments203,585 
Less: imputed interest(50,332)
Present value of lease liabilities$153,253 
On May 10, 2024, the Bank and Fulton Financial Realty Company, a wholly owned subsidiary of the Corporation, entered into the Sale-Leaseback Transaction for 40 financial center office locations for an aggregate cash purchase price of $55.4 million. The Bank entered into a lease for each of the locations sold in the Sale-Leaseback Transaction for an initial term of 15 years, with the option to extend the term of each for up to three successive terms of up to five years each. During the initial lease
terms, the base rental amount will increase annually at a rate of 2.25%. The Corporation recorded a pre-tax gain, after deduction of transaction-related expenses, of approximately $20.3 million in connection with the Sale-Leaseback Transaction. The properties are located in Pennsylvania, New Jersey, Delaware, and Maryland.

As of December 31, 2025, the Corporation had not entered into any significant leases that have not yet commenced.
v3.25.4
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements
NOTE 19 - FAIR VALUE MEASUREMENTS
The following tables present assets and liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets:
 2025
 Level 1Level 2Level 3Total
 (dollars in thousands)
Loans held for sale$— $16,316 $— $16,316 
AFS investment securities:
State and municipal securities— 826,693 — 826,693 
Corporate debt securities— 214,921 — 214,921 
Collateralized mortgage obligations— 1,040,078 — 1,040,078 
Residential mortgage-backed securities— 766,717 — 766,717 
Commercial mortgage-backed securities— 559,450 — 559,450 
Total AFS investment securities— 3,407,859 — 3,407,859 
Other assets:
Investments held in Rabbi Trust39,395 — — 39,395 
Derivative assets891 128,816 — 129,707 
Total assets$40,286 $3,552,991 $— $3,593,277 
Other liabilities:
Deferred compensation liabilities$39,395 $— $— $39,395 
Derivative liabilities720 170,289 — 171,009 
Total liabilities$40,115 $170,289 $— $210,404 
 2024
 Level 1Level 2Level 3Total
 (dollars in thousands)
Loans held for sale$— $25,618 $— $25,618 
AFS investment securities:
State and municipal securities— 814,887 — 814,887 
Corporate debt securities— 300,370 — 300,370 
Collateralized mortgage obligations— 788,885 — 788,885 
Residential mortgage-backed securities— 989,875 — 989,875 
Commercial mortgage-backed securities— 516,882 — 516,882 
Total AFS investment securities— 3,410,899 — 3,410,899 
Other assets:
Investments held in Rabbi Trust35,093 — — 35,093 
Derivative assets1,682 159,939 — 161,621 
Total assets$36,775 $3,596,456 $— $3,633,231 
Other liabilities:
Deferred compensation liabilities$35,093 $— $— $35,093 
Derivative liabilities1,596 252,821 — 254,417 
Total liabilities$36,689 $252,821 $— $289,510 
The valuation techniques used to measure fair value for the items in the preceding tables are as follows:

Loans held for sale - This category includes mortgage loans held for sale that are measured at fair value. Fair values as of December 31, 2025 and 2024, were measured as the price that secondary market investors were offering for loans with similar characteristics. See "Note 1 - Summary of Significant Accounting Policies" for details related to the Corporation's election to measure assets and liabilities at fair value.

AFS investment securities - Included in this asset category are debt securities. Level 2 investment securities are valued by a third-party pricing service. The pricing service uses pricing models that vary based on asset class and incorporate available market information, including quoted prices of investment securities with similar characteristics. Because many fixed income securities do not trade on a daily basis, pricing models use available information, as applicable, through processes such as benchmark yield curves, benchmarking of like securities, sector groupings and matrix pricing.

Standard market inputs include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data, including market research publications. For certain security types, additional inputs may be used or some of the standard market inputs may not be applicable.

•State and municipal securities/Collateralized mortgage obligations/Residential mortgage-backed securities/Commercial mortgage-backed securities - These debt securities are classified as Level 2. Fair values are determined by a third-party pricing service, as detailed above.

•Corporate debt securities - These securities are classified as Level 2. This category consists of subordinated and senior debt issued by financial institutions ($207.5 million at December 31, 2025 and $293.1 million at December 31, 2024) and other corporate debt issued by non-financial institutions ($7.4 million at December 31, 2025 and $7.3 million at December 31, 2024). The fair values for corporate debt securities are determined by a third-party pricing service as detailed above.

Investments held in Rabbi Trust - This category consists of mutual funds that are held in trust for employee deferred compensation plans that the Corporation has elected to measure at fair value. Shares of mutual funds are valued based on net asset value, which represents quoted market prices for the underlying shares held in the mutual funds, and as such, are classified as Level 1.

Derivative assets - Fair value of foreign currency exchange contracts classified as Level 1 assets ($0.9 million at December 31, 2025 and $1.7 million at December 31, 2024). The foreign exchange prices used to measure these items at fair value are based on quoted prices for identical instruments in active markets.

Level 2 assets represent the fair value of mortgage banking derivatives in the form of interest rate locks and forward commitments with secondary market investors ($0.6 million at December 31, 2025 and $0.8 million at December 31, 2024) and the fair value of interest rate derivatives ($128.3 million at December 31, 2025 and $159.2 million at December 31, 2024). The fair values of the interest rate locks, forward commitments and interest rate derivatives represent the amounts that would be required to settle the derivative financial instruments at the balance sheet date. See "Note 11 - Derivative Financial Instruments," for additional information.

Deferred compensation liabilities - Fair value of amounts due to employees under deferred compensation plans, classified as Level 1 liabilities and are included in other liabilities on the Consolidated Balance Sheets. The fair values of these liabilities are determined in the same manner as the related assets, as described under the heading "Investments held in Rabbi Trust" above.

Derivative liabilities - Level 1 liabilities represent the fair value of foreign currency exchange contracts ($0.7 million and $1.6 million at December 31, 2025 and 2024, respectively).

Level 2 liabilities represent the fair value of mortgage banking derivatives in the form of interest rate locks and forward commitments with secondary market investors ($0.2 million at December 31, 2025 and $0.1 million at December 31, 2024) and the fair value of interest rate derivatives ($170.1 million at December 31, 2025 and $252.8 million at December 31, 2024).

The fair values of these liabilities are determined in the same manner as the related assets, as described under the heading "Derivative assets" above.
Certain financial instruments are not measured at fair value on an ongoing basis but are subject to fair value measurement in certain circumstances, such as upon their acquisition or when there is evidence of impairment. The following table presents Level 3 financial assets measured at fair value on a nonrecurring basis:
20252024
 (dollars in thousands)
Loans, Net$135,993 $168,668 
OREO1,365 2,621 
MSRs(1)
49,861 53,972 
SBA servicing asset2,256 3,120 
Total assets$189,475 $228,381 
(1) Amounts shown are estimated fair value. MSRs are recorded on the Corporation's Consolidated Balance Sheets at lower of amortized cost or fair value. See
"Note 8 - Mortgage Servicing Rights" for additional information.

The valuation techniques used to measure fair value for the items in the table above are as follows:

•Loans, net – This category consists of loans that were individually evaluated for impairment and have been classified as Level 3 assets. The amount shown is the balance of non-accrual loans, net of related ACL. See "Note 5 - Loans and Allowance for Credit Losses," for additional details.

•OREO – This category consists of OREO classified as Level 3 assets, for which the fair values were based on estimated selling prices less estimated selling costs for similar assets in active markets.

•MSRs – This category consists of MSRs, which were initially recorded at fair value upon the sale of residential mortgage loans to secondary market investors, and subsequently carried at the lower of amortized cost or fair value. MSRs are amortized as a reduction to servicing income over the estimated lives of the underlying loans. MSRs are stratified by product type and evaluated for impairment by comparing each stratum's carrying amount to its estimated fair value. Fair values are determined at the end of each quarter through a discounted cash flows valuation performed by a third-party valuation expert. Significant inputs to the valuation included expected net servicing income, the discount rate and the expected life of the underlying loans. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections. The weighted average annual constant prepayment rate and the weighted average discount rate used in the December 31, 2025 valuation were 7.0% and 8.6%, respectively. Management reviews the reasonableness of the significant inputs to the third-party valuation in comparison to market data. See "Note 8 - Mortgage Servicing Rights," for additional information. Changes in any of those inputs, in isolation, could result in a significantly different fair value measurement, as depicted in the table below:
Significant InputScenario Shock% Change in Valuation
Prepayment Rate+ 15%(5)%
Prepayment Rate- 15%5%
Discount Rate- 200 bps10%
Discount Rate+ 200 bps(8)%
•SBA servicing asset – This category consists of the retained servicing rights on SBA-guaranteed loans sold to investors. The standard sale structure under the SBA Secondary Participation Guaranty Agreement provides for the Corporation to retain a portion of the cash flow from the interest payment received on the SBA guaranteed portion of the loan, which is commonly known as a servicing spread. A third-party valuation expert is utilized to perform the modeling to estimate the fair value of the SBA servicing asset. Because the valuation model uses significant unobservable inputs, the SBA servicing asset is classified within Level 3.
The following table details the book values and the estimated fair values of the Corporation's financial instruments as of December 31, 2025 and 2024. A general description of the methods and assumptions used to estimate such fair values is also provided.
 2025
Estimated Fair Value
Carrying AmountLevel 1Level 2Level 3Total
FINANCIAL ASSETS(dollars in thousands)
Cash and cash equivalents$1,061,609 $1,061,609 $— $— $1,061,609 
FRB and FHLB stock121,009 — 121,009 — 121,009 
Loans held for sale 16,316 — 16,316 — 16,316 
AFS investment securities 3,407,859 — 3,407,859 — 3,407,859 
HTM investment securities1,425,885 — 1,267,578 — 1,267,578 
Loans, net23,780,422 — — 22,590,142 22,590,142 
Accrued interest receivable113,698 113,698 — — 113,698 
Other assets 721,469 556,071 132,043 53,482 741,596 
FINANCIAL LIABILITIES
Demand and savings deposits$21,739,113 $21,739,113 $— $— $21,739,113 
Brokered deposits855,042 80,215 774,914 — 855,129 
Time deposits3,995,252 — 3,991,203 — 3,991,203 
Accrued interest payable17,130 17,130 — — 17,130 
FHLB advances250,000 251,991 — — 251,991 
Senior debt and subordinated debt367,637 — 351,870 — 351,870 
Other borrowings679,738 654,238 916 — 655,154 
Other liabilities 247,490 62,228 170,290 14,972 247,490 
2024
Estimated Fair Value
Carrying AmountLevel 1Level 2Level 3Total
FINANCIAL ASSETS(dollars in thousands)
Cash and cash equivalents$1,063,871 $1,063,871 $— $— $1,063,871 
FRB and FHLB stock139,574 — 139,574 — 139,574 
Loans held for sale25,618 — 25,618 — 25,618 
AFS investment securities3,410,899 — 3,410,899 — 3,410,899 
HTM investment securities1,395,569 — 1,183,449 — 1,183,449 
Loans, net23,665,763 — — 22,555,687 22,555,687 
Accrued interest receivable117,029 117,029 — — 117,029 
Other assets736,502 543,251 159,939 59,713 762,903 
FINANCIAL LIABILITIES
Demand and savings deposits$21,135,478 $21,135,478 $— $— $21,135,478 
Brokered deposits843,857 145,056 698,647 — 843,703 
Time deposits4,150,098 — 4,154,726 — 4,154,726 
Accrued interest payable31,620 31,620 — — 31,620 
FHLB advances850,000 851,470 — — 851,470 
Senior debt and subordinated debt367,316 — 253,818 — 253,818 
Other borrowings564,732 544,908 901 — 545,809 
Other liabilities467,011 200,029 252,821 14,161 467,011 

Fair values of financial instruments are significantly affected by the assumptions used, principally the timing of future cash flows and discount rates. Because assumptions are inherently subjective in nature, the estimated fair values cannot be substantiated by comparison to independent market quotes and, in many cases, the estimated fair values could not necessarily be realized in an immediate sale or settlement of the instrument. The aggregate fair value amounts presented do not necessarily represent management's estimate of the underlying value of the Corporation.
For short-term financial instruments, defined as those with remaining maturities of 90 days or less, and excluding those recorded at fair value on the Corporation's Consolidated Balance Sheets, book value was considered to be a reasonable estimate of fair value.

The following instruments are predominantly short-term:
Assets  Liabilities
Cash and cash equivalents  Demand and savings deposits
Accrued interest receivable  Other borrowings
  Accrued interest payable

FRB and FHLB stock represent restricted investments and are carried at cost on the Consolidated Balance Sheets, which is a reasonable estimate of fair value.

As of December 31, 2025, fair values for loans and time deposits were estimated by discounting future cash flows using the current rates, as adjusted for liquidity considerations, at which similar loans would be made to borrowers and similar deposits would be issued to customers for the same remaining maturities. Fair values of loans also include estimated credit losses that would be assumed in a market transaction, which represents estimated exit prices.

Brokered deposits consist of demand and saving deposits, which are classified as Level 1, and time deposits, which are classified as Level 2. The fair value of these deposits is determined in a manner consistent with the respective type of deposit discussed above.
v3.25.4
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
NOTE 21 - COMMITMENTS AND CONTINGENCIES

Commitments

The Corporation is a party to financial instruments with OBS risk in the normal course of business to meet the financing needs of its borrowers or obligors.

Commitments to extend credit are agreements to lend to a borrower or obligor as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee by the borrower or obligor. Because a portion of the commitments is expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Corporation evaluates each
borrower's or obligor's creditworthiness on a case-by-case basis. The amount of collateral, if any, obtained upon extension of credit is based on management's credit evaluation of the borrower or obligor. Collateral held varies but may include accounts receivable, inventory, property, equipment and income-producing commercial properties.

Standby letters of credit are conditional commitments issued to guarantee the financial or performance obligation of a borrower or obligor to a third party. Commercial letters of credit are conditional commitments issued to facilitate foreign and domestic trade transactions for borrowers or obligors. The credit risk involved in issuing letters of credit is similar to that involved in extending loan facilities. These obligations are underwritten consistent with commercial lending standards. The maximum exposure to loss for standby and commercial letters of credit is equal to the contractual (or notional) amount of the instruments.

The following table presents the Corporation's commitments to extend credit and letters of credit:
20252024
 (dollars in thousands)
Commercial and industrial$4,975,873 $4,967,334 
Real estate - commercial mortgage and real estate - construction1,477,796 1,706,879 
Real estate - home equity2,256,494 2,154,382 
Total commitments to extend credit$8,710,163 $8,828,595 
Standby letters of credit$311,697 $279,309 
Commercial letters of credit29,842 48,993 
Total letters of credit$341,539 $328,302 

Residential Lending

The Corporation originates and sells residential mortgages to secondary market investors. The Corporation provides customary representations and warranties to secondary market investors that specify, among other things, that the loans have been underwritten to the standards of the secondary market investor. The Corporation may be required to repurchase specific loans or reimburse the investor for a credit loss incurred on a sold loan if it is determined that the representations and warranties have not been met. Under some agreements with secondary market investors, the Corporation may have additional credit exposure beyond customary representations and warranties, based on the specific terms of those agreements.

The Corporation maintains a reserve for estimated losses related to loans sold to investors. As of December 31, 2025 and 2024, the total reserve for losses on residential mortgage loans sold was $1.4 million and $1.5 million, respectively, including reserves for both representation and warranty and credit loss exposures. In addition, included as a component of ACL for OBS credit exposures was $0.8 million and $1.2 million as of December 31, 2025 and 2024, respectively, related to additional credit exposure for potential loan repurchases.

Legal Proceedings

The Corporation is involved in various pending and threatened claims and other legal proceedings in the ordinary course of its business activities. The Corporation evaluates the possible impact of these matters, taking into consideration the most recent information available. A loss reserve is established for those matters for which the Corporation believes a loss is both probable and reasonably estimable. Once established, the reserve is adjusted as appropriate to reflect any subsequent developments. Actual losses with respect to any such matter may be more or less than the amount estimated by the Corporation. For matters where a loss is not probable, or the amount of the loss cannot be reasonably estimated by the Corporation, no loss reserve is established.

In addition, from time to time, the Corporation is involved in investigations or other forms of regulatory or governmental inquiry covering a range of possible issues and, in some cases, these may be part of similar reviews of the specified activities of other companies. These inquiries or investigations could lead to administrative, civil or criminal proceedings involving the Corporation, and could result in fines, penalties, restitution, other types of sanctions, or the need for the Corporation to undertake remedial actions, or to alter its business, financial or accounting practices. The Corporation's practice is to cooperate fully with regulatory and governmental inquiries and investigations.

As of the date of this report, the Corporation believes that any liabilities, individually or in the aggregate, that may result from the final outcomes of pending legal proceedings, or regulatory or governmental inquiries or investigations, will not have a
material adverse effect on the financial condition of the Corporation. However, legal proceedings, inquiries and investigations are often unpredictable, and it is possible that the ultimate resolution of any such matters, if unfavorable, may be material to the Corporation's results of operations in any future period, depending, in part, upon the size of the loss or liability imposed and the operating results for the period, and could have a material adverse effect on the Corporation's business. In addition, regardless of the ultimate outcome of any such legal proceeding, inquiry or investigation, any such matter could cause the Corporation to incur additional expenses, which could be significant, and possibly material, to the Corporation's results of operations in any future period.
v3.25.4
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure
The Corporation has one reportable segment whose primary sources of revenue are interest income on loans, investment securities and other interest-earning assets and fee income earned on its products and services. Its expenses consist of interest expense on deposits and borrowed funds, provision for credit losses, other operating expenses and income taxes. The Corporation manages its business activities on a consolidated basis.

The accounting policies of the segment are the same as those described in “Note 1 – Summary of Significant Accounting Policies.”

The Chief Operating Decision Maker is the Chairman, Chief Executive Officer and President who assesses performance of the segment based on net income available to common shareholders and net income available to common shareholders per share (diluted), which is reported in the Consolidated Statements of Income.

Net income available to common shareholders and net income available to common shareholders per share (diluted), are used to monitor actual results versus budget, in competitive analyses by benchmarking to the Corporation’s peers, and in decision-making pertaining to executive compensation levels, common stock and preferred stock dividend levels, common share repurchases and capital expenditure spending.

The measure of segment assets is reported on the Consolidated Balance Sheet.
The following table presents segment results as of December 31:
(dollars in thousands, except per-share data)
202520242023
Interest Income
Loans, including fees$1,395,992 $1,394,969 $1,156,373 
Investment securities187,152 136,650 101,518 
Other interest income33,730 50,577 15,345 
Total Interest Income1,616,874 1,582,196 1,273,236 
Interest Expense
Deposits514,693 521,859 292,205 
Federal funds purchased13 2,881 30,417 
FHLB advances24,535 37,793 46,965 
Senior debt and subordinated debt18,404 20,255 21,361 
Other borrowings and interest-bearing liabilities22,882 39,083 28,002 
Total Interest Expense580,527 621,871 418,950 
Net Interest Income1,036,347 960,325 854,286 
Provision for credit losses35,698 71,636 54,036 
Net Interest Income After Provision for Credit Losses1,000,649 888,689 800,250 
Total Non-Interest Income276,766 275,731 227,678 
Non-Interest Expense
Salaries and employee benefits443,546 432,821 377,417 
Data processing and software75,091 77,882 66,471 
Net occupancy68,125 69,359 58,019 
Other outside services49,902 60,586 47,724 
Intangible amortization22,462 17,830 2,944 
FDIC insurance20,178 23,829 25,565 
Equipment16,176 17,850 14,390 
Marketing9,288 8,958 9,004 
Professional fees5,493 10,857 8,392 
Acquisition-related expenses1,182 37,635 — 
Other80,386 62,184 69,281 
Total Non-Interest Expense791,829 819,791 679,207 
Income Before Income Taxes485,586 344,629 348,721 
Income taxes93,977 55,886 64,441 
Net Income391,609 288,743 284,280 
Preferred stock dividends(10,248)(10,248)(10,248)
Net Income Available to Common Shareholders$381,361 $278,495 $274,032 
Net income available to common shareholders per share (diluted)$2.08 $1.57 $1.64 
v3.25.4
Condensed Financial Information - Parent Company Only
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Statements - Parent Company Only
NOTE 22 - CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY

CONDENSED BALANCE SHEETS
 December 31,
 20252024
(dollars in thousands)
ASSETS
Cash and cash equivalents$223,669 $78,566 
Other assets68,786 68,375 
Receivable from subsidiaries48,166 126,430 
Investments in:
Bank subsidiary3,530,379 3,309,613 
Non-bank subsidiaries51,856 47,666 
Total Assets$3,922,856 $3,630,650 
LIABILITIES AND EQUITY
Senior and subordinated debt$367,637 $367,316 
Other liabilities64,772 66,009 
Total Liabilities432,409 433,325 
Shareholders' equity3,490,447 3,197,325 
Total Liabilities and Shareholders' Equity$3,922,856 $3,630,650 
CONDENSED STATEMENTS OF INCOME 
202520242023
 (dollars in thousands)
Income:
Dividends from subsidiaries$300,000 $75,000 $300,000 
Other1,305 2,237 794 
301,305 77,237 300,794 
Expenses47,750 42,572 37,448 
Income before income taxes and equity in undistributed net income of subsidiaries253,555 34,665 263,346 
Income tax benefit(9,171)(9,070)(7,861)
262,726 43,735 271,207 
Equity in undistributed net income (loss) of:
Bank subsidiaries124,949 239,677 8,932 
Non-bank subsidiaries3,934 5,331 4,141 
Net Income391,609 288,743 284,280 
 Preferred stock dividends(10,248)(10,248)(10,248)
Net Income Available to Common Shareholders$381,361 $278,495 $274,032 
CONDENSED STATEMENTS OF CASH FLOWS
202520242023
 (dollars in thousands)
Cash Flows From Operating Activities:
Net Income$391,609 $288,743 $284,280 
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of issuance costs and discount of long-term debt321 710 750 
Stock-based compensation13,326 10,516 12,540 
Net change in other assets77,854 (83,081)(37,591)
Equity in undistributed net (income) loss of subsidiaries(135,820)(245,009)(13,073)
Net change in other liabilities and payables to non-bank subsidiaries(2,641)(4,504)(50,047)
Total adjustments(46,960)(321,368)(87,421)
Net cash provided by (used in) operating activities344,649 (32,625)196,859 
Cash Flows From Investing Activities— — — 
Cash Flows From Financing Activities:
Repayments of senior debt and subordinated debt— (168,778)(5,000)
Net proceeds from issuance of common stock7,709 270,582 3,160 
Dividends paid(141,207)(131,698)(115,738)
Acquisition of treasury stock(66,048)(30,348)(77,056)
Net cash used in financing activities(199,546)(60,242)(194,634)
Net increase (decrease) in Cash and Cash Equivalents145,103 (92,867)2,225 
Cash and Cash Equivalents at Beginning of Year78,566 171,433 169,208 
Cash and Cash Equivalents at End of Year$223,669 $78,566 $171,433 
v3.25.4
Insider Trading Arrangements
 3 Months Ended 12 Months Ended
Dec. 31, 2025
shares
Dec. 31, 2025
shares
Trading Arrangements, by Individual    
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Curtis J. Myers [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On December 12, 2025, Curtis J. Myers, Chairman of the Board, Chief Executive Officer and President of the Corporation, adopted a Rule 10b5-1 trading arrangement for the sale of up to 30,748 shares of the Corporation's common stock. The trading arrangement will expire on November 4, 2026, unless terminated sooner in accordance with its terms.
Name Curtis J. Myers,  
Title Chairman of the Board, Chief Executive Officer and President of the Corporation  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 12, 2025  
Expiration Date November 4, 2026  
Arrangement Duration 327 days  
Aggregate Available 30,748 30,748
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
The Corporation's cybersecurity risk management program is integrated into our enterprise risk management program and is designed to expeditiously identify, analyze and protect against security threats to its computer systems, software, networks, storage devices and other technology assets. Our management team, with oversight from our Board of Directors, proactively manages the Corporation's cybersecurity risks to avoid or minimize the impacts of attacks by unauthorized parties attempting to obtain access to confidential information, destroy data, disrupt service, sabotage systems or cause other damage. Specifically, the Corporation has appointed a CISO to maintain a comprehensive information security program. Our strategy includes a continuous improvement mindset along with a defense-in-depth approach to cybersecurity. We utilize industry standards that include the NIST Cybersecurity Framework and the Financial Services Sector Cybersecurity Profile. Our layered security architecture consists of innovative technology to detect, prevent, and mitigate cybersecurity threats. Ongoing proactive analysis of cyber threat intelligence ensures that we are taking the appropriate counter measures to defend against the latest threats. We use monitoring and preventive controls to detect and respond swiftly to data breaches and cyber threats involving our systems. We regularly evaluate our systems and controls and implement upgrades as necessary. We also attempt to reduce our exposure to our vendors' data privacy and cyber incidents by performing initial vendor due diligence that is updated periodically for critical vendors, negotiating service level standards with vendors, negotiating for indemnification from vendors for confidentiality and data breaches, and limiting third-party access to the least privileged level necessary to perform outsourced functions. The additional cost to us of data and cybersecurity monitoring and protection systems and controls includes the cost of hardware and software, third-party technology providers, consulting and forensic testing firms, insurance premium costs, legal fees and the cost of personnel who focus a substantial portion of their responsibilities on data security and cybersecurity.

The Corporation uses an ICIRP designed to enable management to respond timely to cybersecurity incidents, coordinate such responses within the Corporation and with our Board of Directors, notify law enforcement and other government agencies, and notify customers and employees. The ICIRP provides a documented framework for identifying and responding to actual or potential cybersecurity incidents, including timely notification of and escalation to the CIRST. The CIRST facilitates coordination across key stakeholders of the Corporation. The Corporation's CISO and key members of management are members of the ICIRP. The Corporation provides the CISO and the information security team with a comprehensive suite of security tools and techniques to protect the confidentiality, integrity and availability of the Corporation's data for the benefit of our customers, employees and shareholders. We periodically engage third-party consultants to assess the effectiveness of our strategy, tools and techniques, and overall information security program. Independent oversight and assurance activities include internal audits, vulnerability assessments and penetration testing. The Corporation's cybersecurity professionals are well-trained on how to protect customer and employee information through ongoing education and awareness initiatives.
The Corporation maintains a third-party risk management program designed to identify, analyze and monitor risks, including cybersecurity risks, associated with vendors and outside service providers. Our vendor risk management team collaborates closely with the information security team to ensure third parties meet certain information security control requirements. Our information security team proactively monitors our internal systems and email gateways for phishing email attacks. Remote connections are also assessed and monitored given a portion of our workforce works remotely.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] The Corporation's cybersecurity risk management program is integrated into our enterprise risk management program and is designed to expeditiously identify, analyze and protect against security threats to its computer systems, software, networks, storage devices and other technology assets.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block] Our Board of Directors provides direction and oversight over the Corporation's enterprise-wide risk management program, including risks related to cybersecurity.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Risk Committee is responsible for overseeing the Corporation's information security program and execution.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Risk Committee promotes collaboration and cooperation between various elements within the Corporation relative to information security. Cybersecurity incidents are managed through the ICIRP, which provides direction to management allowing for the timely transfer of information throughout the organization. Our policy requires material incidents to be reported within four business days
Cybersecurity Risk Role of Management [Text Block] Our management team, with oversight from our Board of Directors, proactively manages the Corporation's cybersecurity risks to avoid or minimize the impacts of attacks by unauthorized parties attempting to obtain access to confidential information, destroy data, disrupt service, sabotage systems or cause other damage. Specifically, the Corporation has appointed a CISO to maintain a comprehensive information security program. Our strategy includes a continuous improvement mindset along with a defense-in-depth approach to cybersecurity. We utilize industry standards that include the NIST Cybersecurity Framework and the Financial Services Sector Cybersecurity Profile. Our layered security architecture consists of innovative technology to detect, prevent, and mitigate cybersecurity threats. Ongoing proactive analysis of cyber threat intelligence ensures that we are taking the appropriate counter measures to defend against the latest threats. We use monitoring and preventive controls to detect and respond swiftly to data breaches and cyber threats involving our systems. We regularly evaluate our systems and controls and implement upgrades as necessary. We also attempt to reduce our exposure to our vendors' data privacy and cyber incidents by performing initial vendor due diligence that is updated periodically for critical vendors, negotiating service level standards with vendors, negotiating for indemnification from vendors for confidentiality and data breaches, and limiting third-party access to the least privileged level necessary to perform outsourced functions. The additional cost to us of data and cybersecurity monitoring and protection systems and controls includes the cost of hardware and software, third-party technology providers, consulting and forensic testing firms, insurance premium costs, legal fees and the cost of personnel who focus a substantial portion of their responsibilities on data security and cybersecurity.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Specifically, the Corporation has appointed a CISO to maintain a comprehensive information security program.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] The Corporation's cybersecurity professionals are well-trained on how to protect customer and employee information through ongoing education and awareness initiatives.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
Cybersecurity incidents are managed through the ICIRP, which provides direction to management allowing for the timely transfer of information throughout the organization. Our policy requires material incidents to be reported within four business days after an incident is determined to be material with the materiality determination to be completed without unreasonable delay. Management's Disclosure Committee has developed a plan to facilitate making timely determinations as to whether and when incidents should be disclosed. If a material incident occurs, the Corporation will describe in detail the material aspects and nature, scope and timing of the incident, along with the impact to its financial condition and results of operations.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Business and Basis of Financial Statement Presentation
Business: The Corporation is a financial holding company that provides a full range of banking and financial services to businesses and consumers through its wholly-owned banking subsidiary, Fulton Bank. In addition, the Parent Company owns the following non-bank subsidiaries: Fulton Financial Realty Company, Central Pennsylvania Financial Corp., FFC Penn Square, Inc., Fulton Insurance Services Group, Inc. and Fulton Community Partner, LLC. Collectively, the Parent Company and its subsidiaries are referred to as the Corporation.

The Corporation's primary sources of revenue are interest income on loans, investment securities and other interest-earning assets and fee income earned on its products and services. Its expenses consist of interest expense on deposits and borrowed funds, provision for credit losses, other operating expenses and income taxes. The Corporation's primary competition is other financial services providers operating in its region. Competitors also include financial services providers located outside the Corporation's geographic market as a result of the growth in electronic delivery channels. The Corporation is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by such regulatory agencies.

The Corporation offers, through its banking subsidiary, a full range of retail and commercial banking services primarily in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.

Basis of Financial Statement Presentation: The Consolidated Financial Statements have been prepared in accordance with GAAP and include the accounts of the Parent Company and all wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosed amount of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. The Corporation evaluates subsequent events through the date of the filing of this report with the SEC.
Cash and Cash Equivalents and Restricted Cash Cash and Cash Equivalents and Restricted Cash: Cash and cash equivalents consists of cash and due from banks and interest-bearing deposits with other banks, which includes restricted cash. Restricted cash comprises cash balances required to be maintained with the FRB, based on customer transaction deposit account levels, and cash balances provided as collateral on derivative contracts and other contracts. See "Note 3 - Restrictions on Cash and Cash Equivalents" for additional information.
FRB and FHLB Stock FRB and FHLB Stock: The Bank is a member of the FRB and FHLB and is required by federal law to hold stock in these institutions according to predetermined formulas. These restricted investments are carried at cost on the Consolidated Balance Sheets and are periodically evaluated for impairment.
Investments
Investments: Debt securities are classified as HTM at the time of purchase when the Corporation has both the intent and ability to hold these investments until they mature. Such debt securities are carried at cost, adjusted for amortization of premiums and accretion of discounts using the effective yield method. The Corporation does not engage in trading activities; however, since the investment portfolio serves as a source of liquidity, most debt securities are classified as AFS. AFS investment securities are carried at estimated fair value with the related unrealized holding gains and losses reported in shareholders' equity as a component of AOCI, net of tax. Realized securities gains and losses are computed using the specific identification method and are recorded on a trade date basis.
Fair Value Option
Fair Value Option: The Corporation has elected to measure mortgage loans held for sale at fair value. Derivative financial instruments related to mortgage banking activities are also recorded at fair value, as detailed under the heading "Derivative Financial Instruments," below. The Corporation determines fair value for its mortgage loans held for sale based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Changes in fair values during the period are recorded as components of mortgage banking income on the
Consolidated Statements of Income. Interest income earned on mortgage loans held for sale is classified in interest income on the Consolidated Statements of Income.
Loans
HTM Debt Securities: Expected credit losses on HTM debt securities would be recorded in the ACL on HTM debt securities. As of December 31, 2025, no HTM debt securities required an ACL as these investments consist solely of agency-guaranteed residential mortgage-backed and commercial mortgage-backed securities.

AFS Debt Securities: The Bank's AFS rated debt securities are investment grade. In evaluating credit losses on debt securities, management considers factors such as the credit quality of the investments, the credit rating of the security, and the delinquency history of the security. As of December 31, 2025, no AFS debt securities required an ACL.
Loans: Loans are stated at amortized cost, except for mortgage loans held for sale, which are carried at fair value. Interest income on loans is accrued as earned.

In general, loans are placed on non-accrual status once they become 90 days delinquent as to principal or interest. In certain cases, a loan may be placed on non-accrual status prior to being 90 days delinquent if there is an indication that the borrower is having difficulty making payments, or the Corporation believes it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. When interest accruals are discontinued, unpaid interest previously credited to income is reversed. Non-accrual loans may be restored to accrual status when all delinquent principal and interest has been paid currently for six consecutive months or the loan is considered adequately secured and in the process of collection. The Corporation generally applies payments received on non-accruing loans to principal until such time as the principal is paid off, after which time any payments received are recognized as interest income. If the Corporation believes that all amounts outstanding on a non-accrual loan will ultimately be collected, payments received subsequent to its classification as a non-accrual loan are allocated between interest income and principal.

A loan that is 90 days delinquent may continue to accrue interest if the loan is both adequately secured and is in the process of collection. Past due status is determined based on contractual due dates for loan payments. An adequately secured loan is one that has collateral with a supported fair value that is sufficient to discharge the debt, and/or has an enforceable guarantee from a financially responsible party. A loan is considered to be in the process of collection if collection is proceeding through legal action or through other activities that are reasonably expected to result in repayment of the debt or restoration to current status in the near future.

Loans deemed to be a loss are written off through a charge against the ACL. Closed-end consumer loans are generally charged- off when they become 120 days past due (180 days for open-end consumer loans) if they are not adequately secured by real estate. All other loans are evaluated for possible charge-off when it is probable that the balance will not be collected, based on the ability of the borrower to pay and the value of the underlying collateral, if any. Principal recoveries of loans previously charged-off are recorded as increases to the ACL.

Loan Origination Fees and Costs: Loan origination fees and the related direct origination costs are deferred and amortized over the life of the loan as an adjustment to interest income using the effective yield method. For mortgage loans sold, net loan origination fees and costs are included in the gain or loss on sale of the related loan, as components of mortgage banking.

Loan Modifications: Loans are accounted for and reported as modified when, for economic or legal reasons, the Corporation grants a concession to a borrower experiencing financial difficulty that it would not otherwise consider. Concessions, whether negotiated or imposed by bankruptcy, granted under a loan modification typically involve a more than insignificant deferral of scheduled loan payments, an extension of a loan's stated maturity date, a reduction in the interest rate or a forgiveness of principal.

Because the effect of most modifications made to loans to borrowers experiencing financial difficulty is already included in the ACL, a change to the ACL is generally not recorded upon modification. When principal forgiveness is provided, the amortized cost basis of the forgiven portion of the loan is written off against the ACL.

Allowance for Credit Losses:

The Corporation follows ASU 2016-13 Financial Instruments - Credit Losses (ASC Topic 326): Measurement of Credit Losses on Financial Instruments. The measurement of expected credit losses under CECL is applicable to financial assets measured at amortized cost, including loans and HTM debt securities. It also applies to OBS credit exposures, such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments, and net investments in leases recognized by a lessor in accordance with ASC Topic 842.

The Corporation has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income.

The ACL consists of loans evaluated collectively and individually for expected credit losses. The ACL represents an estimate of expected credit losses over the expected life of the loans as of the balance sheet date and is recorded as a reduction to net loans. The ACL is increased or decreased (when the provision for credit losses is negative) through the provision for credit losses and increased or decreased (when recoveries of loans previously charged off exceed loans charged off) by charge-offs, net of
recoveries. The reserve for OBS credit exposures includes estimated losses on unfunded loan commitments, letters of credit and other OBS credit exposures.

Loans: The ACL is an estimate of the expected losses to be realized over the life of the loans in the portfolio. The ACL is determined for two distinct categories of loans: (i) loans evaluated collectively for expected credit losses and (ii) loans evaluated individually for expected credit losses.

Loans Evaluated Collectively: Loans evaluated collectively for expected credit losses include accruing loans and non-accrual loans where the total commitment amount is less than $1 million. In determining the ACL, the Corporation uses three inputs to model the estimate. These inputs are the PD rate which estimates the likelihood that a borrower will be unable to meet its debt obligations, the LGD rate which estimates the percentage of an asset that is lost if a borrower defaults, and the EAD balance which estimates the gross exposure under a facility upon default. The PD models were developed based on historical default data. Both internal and external variables are evaluated in the process. The main internal variables are risk rating or delinquency history and indicators of default. The external variables are economic variables obtained from third-party forecasts.

The PD models are transition matrix models that utilize historical credit observations and incorporate economic forecasts to project future default rates using a linear regression methodology for each loan segment. The LGD model uses a vintage loss approach that estimates LGD rates based on the bank’s historical loss experience for each loan segment. The EAD incorporates a prepayment rate and applies the PD rates to estimate the projected exposure at default across the life of each loan. The ACL is calculated by applying the LGD to the EAD at each period across the life of each loan.

The ACL incorporates the Corporation’s historical credit observations, current conditions and reasonable and supportable forecasts that are based on the projected performance of specific economic variables that are statistically correlated with historical PD rates. The reasonable and supportable forecast extends to 24 months and reverts back to an average PD rate using a straight-line reversion methodology over a 12 month period.

The ACL is highly sensitive to the economic forecasts used to develop the reserve. As such, the calculation of the ACL is inherently subjective and requires management to exercise judgment.

The ACL may include qualitative adjustments intended to capture the impact of uncertainties not reflected in the quantitative models. In determining qualitative adjustments, management considers changes in national, regional, and local economic and business conditions and their impact on the lending environment, including underwriting standards and other factors affecting credit losses over the remaining life of each loan.

Loans Evaluated Individually: Loans evaluated individually for expected credit losses include loans on non-accrual status where the commitment amount equals or exceeds $1.0 million. The required ACL for such loans is determined using the present value of expected future cash flows, observable market price or the fair value of collateral.

Loans evaluated individually may have specific allocations of the ACL assigned if the measured value of the loan using one of the noted techniques is less than its current carrying value. For loans measured using the fair value of collateral, if the analysis determines that sufficient collateral value would be available for repayment of the debt, then no allocations would be assigned to those loans. Collateral could be in the form of real estate or business assets, such as accounts receivable or inventory, in the case of commercial and industrial loans. Commercial and industrial loans may also be secured by real estate.

For loans secured by real estate, estimated fair values are determined primarily through appraisals performed by third-party appraisers, discounted to arrive at expected net sale proceeds. For collateral-dependent loans, estimated real estate fair values are also net of estimated selling costs. When a real estate secured loan is impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including: the age of the most recent appraisal; the loan-to-value ratio based on the original appraisal; the condition of the property; the Corporation's experience and knowledge of the real estate market; the purpose of the loan; market factors; payment status; the strength of any guarantors; and the existence and age of other indications of value such as broker price opinions, among others. The Corporation generally obtains updated appraisals performed by third-party appraisers for impaired loans secured predominantly by real estate every 12 months.

When updated appraisals are not obtained for loans secured by real estate, fair values are estimated based on the original appraisal values, as long as the original appraisal indicated an acceptable loan-to-value position and there has not been a significant deterioration in the collateral value since the original appraisal was performed.
For loans with principal balances greater than or equal to $1.0 million secured by non-real estate collateral, such as accounts receivable or inventory, estimated fair values are determined based on borrower financial statements, inventory listings, accounts receivable agings or borrowing base certificates provided by the borrower. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. Liquidation or collection discounts are applied to these assets based upon existing loan evaluation policies.

Management regularly reviews loans in the portfolio to assess credit quality indicators and to determine appropriate loan classification. For commercial loans, commercial mortgages, leases and other loans and construction loans to commercial borrowers, an internal risk rating process is used. The Corporation believes that internal risk ratings are the most relevant credit quality indicator for these types of loans. The migration of loans through the various internal risk rating categories is a significant component of the ACL methodology for these loans, which bases the PD on this migration. Assigning risk ratings involves judgment. Risk ratings may be changed based on ongoing monitoring procedures, or if specific loan review assessments identify a deterioration or an improvement in the loan.

The following is a summary of the Corporation's internal risk rating categories:

•Pass: These loans do not currently pose undue credit risk and can range from the highest to average quality, depending on the degree of potential risk.
•Special Mention: These loans have a heightened credit risk, but not to the point of justifying a classification of Substandard. Loans in this category are currently acceptable but, are nevertheless potentially weak.
•Substandard or Lower: These loans are inadequately protected by current sound worth and paying capacity of the borrower. There exists a well-defined weakness or weaknesses that jeopardize the normal repayment of the debt.

The Corporation considers risk factors such as: local and national economic conditions; trends in delinquencies and non-accrual loans; the diversity of borrower industry types; and the composition of the portfolio by loan type.

OBS Credit Exposures: The reserve for OBS credit exposures is recorded in other liabilities on the Consolidated Balance Sheets, and represents management's estimate of expected losses in its unfunded loan commitments and other OBS credit exposures. The reserve for OBS credit exposures specific to unfunded commitments is determined by estimating future draws and applying the expected loss rates on those draws. Future draws are based on historical averages of utilization rates (i.e., the likelihood of draws taken). The reserve for OBS credit exposures is increased or decreased by charges or reductions to expense, through the provision for credit losses.
Premises and Equipment
Premises and Equipment: Premises and equipment are stated at cost, less accumulated depreciation and amortization. The provision for depreciation and amortization is generally computed using the straight-line method over the estimated useful lives of the related assets, which are a maximum of 50 years for buildings and improvements, 8 years for furniture and 7 years for equipment. Leasehold improvements are amortized over the shorter of the useful life or the non-cancelable lease term.
Premises and equipment acquired in a business combination are initially recorded at fair value and subsequently carried at cost less depreciation and amortization.
Other Real Estate Owned
OREO: Assets acquired in settlement of mortgage loan indebtedness are recorded as OREO and are included in other assets on the Consolidated Balance Sheets, initially at the lower of the estimated fair value of the asset, less estimated selling costs, or the carrying amount of the loan. Costs to maintain the assets and subsequent gains and losses on sales are included in other non-interest expense on the Consolidated Statements of Income.
Mortgage Servicing Rights
MSRs: The estimated fair value of MSRs related to residential mortgage loans sold and serviced by the Corporation is recorded as an asset upon the sale of such loans. MSRs are amortized as a reduction to mortgage servicing income, included as a component of mortgage banking income on the Consolidated Statements of Income, over the estimated lives of the underlying loans.
MSRs are stratified and evaluated for impairment by comparing each stratum's carrying amount to its estimated fair value. Fair values are determined through a discounted cash flows valuation completed by a third-party valuation expert. Significant inputs to the valuation include expected net servicing income, the discount rate and the expected lives of the underlying loans. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections. To the extent the amortized cost of the MSRs exceeds their estimated fair value, a valuation allowance is established through a charge against servicing income. If subsequent valuations indicate that impairment no longer exists, the valuation allowance is reduced through an increase to servicing income.
Derivative Financial Instruments
Derivative Financial Instruments: The Corporation manages its exposure to certain interest rate risk through the use of derivatives. Certain of the Corporation's outstanding derivative contracts are designated as hedges, and none are entered into for speculative purposes. The Corporation enters into derivative contracts that are intended to economically hedge certain of its risks, even if hedge accounting does not apply or the Corporation elects not to apply hedge accounting.

The Corporation records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Corporation has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. The Corporation does not have any derivative instruments designated as fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. For derivatives designated as cash flow hedges where hedge accounting is applied, changes in fair value are recognized in OCI, net of tax. For derivatives where hedge accounting does not apply, changes in fair value are recognized in earnings as components of non-interest income or non-interest expense on the Consolidated Statements of Income.

Derivative contracts create counterparty credit risk with both the Corporation's customers and with institutional derivative counterparties. The Corporation manages counterparty credit risk through its credit approval processes, monitoring procedures and obtaining adequate collateral, when the Corporation determines it is appropriate to do so and in accordance with counterparty contracts.

For each of the derivatives, gross derivative assets and liabilities are recorded in other assets and other liabilities, respectively, on the Consolidated Balance Sheets. Related gains and losses on these derivative instruments are recorded in other changes, net on the Consolidated Statements of Cash Flows.

Mortgage Banking Derivatives

In connection with its mortgage banking activities, the Corporation enters into commitments to originate certain fixed-rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, the Corporation enters into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held for sale. Forward sales commitments may also be in the form of commitments to sell individual mortgage loans at a fixed price at a future date. The amount necessary to settle each interest rate lock is based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured.

Interest Rate Derivatives - Non-Designated Hedges

The Corporation enters into interest rate derivatives with certain qualifying commercial loan customers to meet their interest rate risk management needs. The Corporation simultaneously enters into interest rate derivatives with dealer counterparties, with identical notional amounts and terms. The net result of these interest rate derivatives is that the customer pays a fixed rate of interest and the Corporation receives a floating rate. As the interest rate derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings.

The Corporation's existing OBS credit exposures result from participation in interest rate derivatives provided by external lenders as part of loan participation arrangements and, therefore, are not used to manage interest rate risk in the Corporation's assets or liabilities.

The Corporation is required to clear all eligible interest rate derivative contracts with a clearing agent and is subject to the regulations of the CFTC.

Cash Flow Hedges of Interest Rate Risk

The Corporation's objectives in using interest rate derivatives are to reduce volatility in net interest income and interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Corporation primarily uses interest rate derivatives as part of its interest rate risk management strategy. The Corporation enters into interest rate derivatives designated as cash flow hedges to hedge the cash flows associated with existing loans and borrowings.
For derivatives designated and that qualify as cash flow hedges of interest rate risk, the unrealized gain or loss on the derivative is recorded in OCI, net of tax, and subsequently reclassified into interest income or interest expense in the same period during which the hedged transaction affects earnings. Amounts reported in OCI related to derivatives will be reclassified to interest income or interest expense as interest payments are made on the Corporation's variable-rate loans and borrowings.

Foreign Exchange Contracts
The Corporation enters into foreign exchange contracts to accommodate the needs of its customers. Foreign exchange contracts are commitments to buy or sell foreign currency on a specific date at a contractual price. The Corporation limits its foreign exchange exposure with customers by entering into contracts with institutional counterparties to mitigate its foreign exchange risk. The Corporation also holds certain amounts of Foreign Currency Nostro Accounts. The Corporation limits the total overnight net foreign currency open positions, which is defined as an aggregate of all outstanding contracts, to $0.5 million.
Balance Sheet Offsetting
Balance Sheet Offsetting: Certain financial assets and liabilities may be eligible for offset on the Consolidated Balance Sheets because they are subject to master netting arrangements or similar agreements. The Corporation has elected to net its financial assets and liabilities designated as cash flow hedges when offsetting is permitted. The Corporation has elected not to offset the remaining assets and liabilities subject to such arrangements on the Consolidated Financial Statements.

The Corporation is a party to interest rate derivatives with financial institution counterparties and customers. Under these agreements, the Corporation has the right to net-settle multiple contracts with the same counterparty in the event of default on, or termination of, any one contract. Cash collateral is posted by the party with a net liability position in accordance with contract thresholds and can be used to settle the fair value of the interest rate derivatives in the event of default. A daily settlement occurs through a clearing agent for changes in the fair value of centrally cleared derivatives. Not all derivatives are required to be cleared through a daily clearing agent. As a result, the total fair values of interest rate derivative assets and derivative liabilities recognized on the Consolidated Balance Sheets are not equal and offsetting.
The Corporation is also a party to foreign exchange contracts with financial institution counterparties under which the Corporation has the right to net-settle multiple contracts with the same counterparty in the event of default on, or termination of, any one contract. As with interest rate derivatives, cash collateral is posted by the party with a net liability position in accordance with contract thresholds and can be used to settle the fair value of the foreign exchange contracts in the event of default.
Income Taxes
Income Taxes: The Corporation utilizes the asset and liability method in accounting for income taxes. Under this method, DTAs and deferred tax liabilities are determined based upon the difference between the values of the assets and liabilities as reflected in the financial statements and their related tax basis using enacted tax rates in effect for the year in which the differences are expected to be recovered or settled. As changes in tax law or rates are enacted, DTAs and deferred tax liabilities are adjusted through income tax expense. In assessing the realizability of DTAs, management considers whether it is more likely than not that some portion or all of the DTAs will not be realized. The ultimate realization of DTAs is dependent upon the generation of future taxable income and tax planning strategies which will create taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, the amount of taxes paid in available carryback years, projected future taxable income, and, if necessary, tax planning strategies in making this assessment. A valuation allowance is provided against DTAs unless it is more likely than not that such DTAs will be realized.

ASC Topic 740, "Income Taxes" creates a single model to address uncertainty in tax positions, and clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in an enterprise's financial statements. It also provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. The liability for unrecognized tax benefits is included in other liabilities within the Consolidated Balance Sheets.
Stock-Based Compensation
Stock-Based Compensation: The Corporation grants equity awards to employees, consisting of RSUs and PSUs under its Employee Equity Plan. In addition, employees may purchase stock under the Corporation's ESPP.
The Corporation also grants equity awards to non-employee members of its Board of Directors and Fulton Bank's Board of Directors under the Directors' Plan. Under the Directors' Plan, the Corporation can grant equity awards to non-employee Parent Company and subsidiary bank directors in the form of RSUs or common stock. Recent grants of equity awards under the Directors' Plan have been limited to RSUs.

Equity awards issued under the Employee Equity Plan are generally granted annually and become fully vested over or after a 3-year vesting period. The vesting period for non-performance-based awards represents the period during which employees are required to provide service in exchange for such awards. Equity awards under the Directors' Plan are generally granted annually and fully vest after a 1-year vesting period. Certain events, as defined in the Employee Equity Plan and the Directors' Plan, result in the acceleration of the vesting of equity awards. RSUs and PSUs earn dividends during the vesting period, which are forfeitable if the awards do not vest.

The fair value of RSUs granted to employees or directors is recognized as compensation expense over the vesting period for such awards. Compensation expense for PSUs is also recognized over the service period.
The fair value of RSUs and a majority of PSUs are based on the trading price of the Corporation's stock on the date of grant. The fair value of certain PSUs are estimated through the use of the Monte Carlo valuation methodology as of the date of grant.
Disclosures about Segments of an Enterprise and Related Information Disclosures about Segments of an Enterprise and Related Information: The Corporation is a single segment. See "Note 20 - Segment Reporting" for additional information.
Financial Guarantees
Financial Guarantees: Financial guarantees, which consist primarily of standby and commercial letters of credit, are accounted for by recognizing a liability equal to the fair value of the guarantees and crediting the liability to income over the term of the guarantee. Fair value is estimated based on the fees currently charged to enter into similar agreements with similar terms.
Goodwill and Intangible Assets
Goodwill and Intangible Assets: The Corporation accounts for its acquisitions using the purchase accounting method. Purchase accounting requires that all assets acquired and liabilities assumed, including certain intangible assets that must be recognized, be recorded at their estimated fair values as of the acquisition date. Any purchase price exceeding the fair value of net assets acquired is recorded as goodwill. Any purchase price lower than the fair value of net assets acquired is recorded as a gain on acquisition, net of tax.

Goodwill is not amortized to expense, but is evaluated for impairment at least annually. Write-downs of the balance, if necessary as a result of the impairment test, are charged to expense in the period in which goodwill is determined to be impaired. The Corporation performs its annual assessment of goodwill impairment in the fourth quarter of each year. If certain events occur which indicate goodwill might be impaired between annual assessments, goodwill would be evaluated when such events occur.
Intangible assets are amortized over their estimated lives. Some intangible assets have indefinite lives and are, therefore, not amortized. All intangible assets must be evaluated for impairment if certain events occur. Any impairment write-downs are recognized as non-interest expense on the Consolidated Statements of Income.
Variable Interest Entities
VIEs: ASC Topic 810 provides guidance on when to consolidate certain VIEs in the financial statements of the Corporation. VIEs are entities in which equity investors do not have a controlling financial interest or do not have sufficient equity at risk for the entity to finance activities without additional financial support from other parties. VIEs are assessed for consolidation under ASC Topic 810 when the Corporation holds variable interests in these entities. The Corporation consolidates VIEs when it is deemed to be the primary beneficiary. The primary beneficiary of a VIE is determined to be the party that has the power to make decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE.

The Corporation makes investments in certain community development projects, the majority of which generate tax credits under various federal programs, including TCIs. These investments are made throughout the Corporation's market area as a means of supporting the communities it serves. The Corporation typically acts as a limited partner or member of a limited liability company in its TCIs and does not exert control over the operating or financial policies of the partnership or limited liability company. Tax credits earned are subject to recapture by federal taxing authorities based upon compliance requirements to be met at the project level.
Because the Corporation owns 100% of the equity interests in its NMTC investments, these investments were consolidated based on ASC Topic 810 as of December 31, 2025 and 2024. Investments in affordable housing projects were not consolidated based on management's assessment of the provisions of ASC Topic 810.
TCIs are tested for impairment when events or changes in circumstances indicate that it is more likely than not that the carrying amount of the investment will not be realized. An impairment loss is measured as the amount by which the current carrying value exceeds its aggregated remaining value of the tax benefits of the investment. There were no impairment losses recognized for the Corporation's TCIs in 2025, 2024 or 2023.
Fair Value Measurements
Fair Value Measurements: Assets and liabilities are categorized in a fair value hierarchy for the inputs to valuation techniques used to measure assets and liabilities at fair value using the following three categories (from highest to lowest priority):

•Level 1 - Inputs that represent quoted prices for identical instruments in active markets.
•Level 2 - Inputs that represent quoted prices for similar instruments in active markets, or quoted prices for identical instruments in non-active markets. Also included are valuation techniques whose inputs are derived principally from observable market data other than quoted prices, such as interest rates or other market-corroborated means.
•Level 3 - Inputs that are largely unobservable, as little or no market data exists for the instrument being valued.
The Corporation has categorized all assets and liabilities required to be measured at fair value on both a recurring and nonrecurring basis into the above three levels.
Revenue Recognition
Revenue Recognition: The sources of revenue for the Corporation are interest income from loans, leases and investments and non-interest income. Non-interest income is earned from various banking and financial services that the Corporation offers through its subsidiaries. Revenue is recognized as earned based on contractual terms, as transactions occur, or as services are provided. Following is further detail of the various types of revenue the Corporation earns and when it is recognized:

Interest income: Interest income is recognized on an accrual basis according to loan and lease agreements, investment securities contracts or other written contracts.

Wealth management services: Consists of income from trust commissions, brokerage, money market and insurance commissions. Trust commissions consist of advisory fees that are based on market values of clients' managed portfolios and transaction fees for fiduciary services performed, both of which are recognized when earned. Brokerage income includes advisory fees which are recognized when earned on a monthly basis and transaction fees that are recognized when transactions occur. Money market income is based on the balances held in trust accounts and is recognized monthly. Insurance commissions are earned and recognized when policies are originated. Currently, no investment management and trust service income is based on performance or investment results.

Commercial and consumer banking income: Consists of cash management, overdraft and other service charges on deposit accounts as well as branch fees, ATM fees, debit and credit card income and merchant services fees. Also included are letter of credit fees, foreign exchange income and interest rate derivative fees. Revenue is primarily transactional and recognized when earned at the time the transactions occur.

Mortgage banking income: Consists of gains or losses on the sale of residential mortgage loans and mortgage loan servicing income.
Other Income: Includes gains on sales of SBA loans, cash surrender value of life insurance, and other miscellaneous income.
Leases
Leases: All leases with an initial term greater than 12 months recognize: (1) a ROU asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term; and (2) a lease liability, which is a lessee's obligation to make lease payments arising from a lease, each measured on a discounted basis. The Corporation elected to not separate lease and non-lease components.

As a lessee, the majority of the operating lease portfolio consists of real estate leases for the Corporation's financial centers, land and office space. The operating leases have remaining lease terms of 1 year to 20 years, some of which include options to extend the leases for 5 years or more. ROU assets and lease liabilities are not recognized for leases with an initial term of 12 months or less.
Certain real estate leases have lease payments that adjust based on annual changes in the CPI or at a stated contractual rate. The leases that are dependent upon the CPI or stated contractual rate are initially measured using the CPI or contractual rate at the commencement date and are included in the measurement of the lease liability.

Operating lease expense represents fixed lease payments for operating leases recognized on a straight-line basis over the applicable lease term. Variable lease expense represents expenses such as the payment of real estate taxes, insurance and common area maintenance based on the Corporation's pro-rata share.
Sublease income consists mostly of operating leases for space within the Corporation's offices and financial centers and is recorded as a reduction to net occupancy expense on the Consolidated Statements of Income.
Defined Benefit Pension Plans Defined Benefit Plan: Net periodic pension costs are funded based on the requirements of federal laws and regulations. The determination of net periodic pension costs is based on assumptions about future events that will affect the amount and timing of required benefit payments under the plan. These assumptions include demographic assumptions such as retirement age and mortality, a discount rate used to determine the current benefit obligation, form of payment election and a long-term expected rate of return on plan assets. Net periodic pension expense includes interest cost, based on the assumed discount rate, an expected return on plan assets, amortization of prior service cost or credit and amortization of net actuarial gains or losses. The Corporation curtailed the Pension Plan in 2008, with no additional benefits accruing. In connection with the Prudential Bancorp merger, the Corporation assumed the obligations of Prudential Bancorp under the Prudential Bancorp Pension Plan that had previously been closed to new participants. Net periodic pension cost is recognized in salaries and employee benefits on the Consolidated Statements of Income.
Business Combination
Business Combinations: Business combinations are accounted for using the acquisition method of accounting. Under the acquisition method, identifiable assets acquired and liabilities assumed are measured at fair value as of the acquisition date. The difference between the purchase price and the fair value of net assets acquired is recorded as goodwill, unless the acquisition is a bargain purchase. Results of the operations of the acquired entity are included in the Consolidated Statements of Income from the acquisition date. Acquisition costs are expensed as incurred.
Other Recently Issued Accounting Standards
Recently Adopted Accounting Standards

In December 2023, FASB issued ASU 2023-08 Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets ("ASU 2023-08"). This update provides guidance for crypto assets to be carried at fair value and requires additional disclosures. The Corporation adopted ASU 2023-08 on January 1, 2025, and it did not have an impact on its Consolidated Financial Statements. The Corporation does not own crypto assets.

In December 2023, FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"). This update requires companies to disclose specific categories in the income tax rate reconciliation and requires additional information for certain reconciling items. The Corporation adopted ASU 2023-09 on December 15, 2025. The adoption of ASU 2023-09 changed the presentation of "Note 13 - Income Taxes," but otherwise did not have a material impact on its Consolidated Financial Statements.

In March 2024, FASB issued ASU 2024-01 Compensation - Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards ("ASU 2024-01"). This update provides guidance for profits interest and similar awards. The Corporation adopted ASU 2024-01 on January 1, 2025, and it did not have a material impact on its Consolidated Financial Statements.

In March 2025, FASB issued ASU 2025-02 Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122 ("ASU 2025-02"). This update removes SEC guidance provided in SAB No. 121, Accounting for Obligations To Safeguard Crypto-Assets an Entity Holds for its Platform Users. The Corporation retrospectively adopted ASU 2025-02 on January 1, 2025, and it did not have an impact on its Consolidated Financial Statements.

In November 2025, FASB issued ASU 2025-08 Financial Instruments - Credit Losses (Topic 326): Purchased Loans ("ASU 2025-08"). This update simplifies acquisition accounting by removing dual models. It also reduces earnings volatility and improves comparability across institutions. The Corporation early adopted ASU 2025-08 prospectively on October 1, 2025, and it did not have a material impact on its Consolidated Financial Statements.
Recently Issued Accounting Standards

In November 2024, FASB issued ASU 2024-03 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expense ("ASU 2024-03"). This update requires disaggregation of certain expenses in a note to the Consolidated Financial Statements. The Corporation will adopt ASU 2024-03 on January 1, 2027. The Corporation does not expect the adoption of ASU 2024-03 to have a material impact on its Consolidated Financial Statements.

In November 2024, FASB issued ASU 2024-04 Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments ("ASU 2024-04"). This update clarifies the requirements for determining whether settlement of convertible debt should be accounted for as induced conversion. The Corporation will adopt ASU 2024-04 on January 1, 2026. The Corporation does not expect the adoption of ASU 2024-04 to have an impact on its Consolidated Financial Statements.

In January 2025, FASB issued ASU 2025-01 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date ("ASU 2025-01"). This update clarifies the effective date of ASU 2024-03. The Corporation will adopt ASU 2025-01 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-01 to have a material impact on its Consolidated Financial Statements.

In May 2025, FASB issued ASU 2025-03 Business Combination (Topic 805) and Consolidation (Topic 810) - Determining the Accounting Acquirer in an Acquisition of a Variable Interest Entity ("ASU 2025-03"). This update addresses the determination of the accounting acquirer in an acquisition of a variable interest entity. The Corporation will adopt ASU 2025-03 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-03 to have a material impact on its Consolidated Financial Statements.

In May 2025, FASB issued ASU 2025-04 Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606) - Clarifications to Share-Based Consideration Payable to a Customer ("ASU 2025-04"). This update revises the definition of performance condition for share-based consideration payable to a customer, eliminates the forfeiture policy for most awards granted to customers, and clarifies the applicability of the variable consideration constraint. The Corporation will adopt ASU 2025-04 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-04 to have a material impact on its Consolidated Financial Statements.

In July 2025, FASB issued ASU 2025-05 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets ("ASU 2025-05"). This update allows public companies to use a practical expedient when estimating credit losses on current receivables and current customer contracts. The Corporation will adopt ASU 2025-05 on January 1, 2026. The Corporation does not expect the adoption of ASU 2025-05 to have a material impact on its Consolidated Financial Statements.

In September 2025, FASB issued ASU 2025-06 Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software ("ASU 2025-06"). This update modernizes internal-use software guidance to adapt to the agile basis predominantly used to develop software. The effective date of the amendment is January 1, 2028 with early adoption permitted as of the beginning of an annual reporting period. The Corporation plans to early adopt ASU 2025-06 as of January 1, 2026 on a prospective basis. The Corporation does not expect the adoption of ASU 2025-06 to have a material impact on its Consolidated Financial Statements.

In September 2025, FASB issued ASU 2025-07 Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract ("ASU 2025-07"). This update refines the scope of Topic 815 to clarify which contracts are subject to derivative accounting and clarifies guidance under Topic 606 for share-based noncash consideration from a customer in revenue contracts. The Corporation will adopt ASU 2025-07 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-07 to have a material impact on its Consolidated Financial Statements.

In November 2025, FASB issued ASU 2025-09 Derivatives and Hedging (Topic 815): Hedge Accounting Improvements ("ASU 2025-09"). This update more closely aligns hedge accounting and financial reporting with risk management activities. The effective date of the amendment is January 1, 2027 with early adoption permitted. The Corporation plans to early adopt ASU 2025-09 as of January 1, 2026 on a prospective basis. The Corporation does not expect the adoption of ASU 2025-09 to have a material impact on its Consolidated Financial Statements.

In December 2025, FASB issued ASU 2025-10 Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities ("ASU 2025-10"). This update provides accounting guidance for business entities that receive government grants. The Corporation will adopt ASU 2025-10 on January 1, 2029. The Corporation does not expect the adoption of ASU 2025-10 to have a material impact on its Consolidated Financial Statements.
In December 2025, FASB issued ASU 2025-11 Interim Reporting (Topic 270): Narrow-Scope Improvements ("ASU 2025-11"). This update improves navigability of the required interim disclosures and clarifies when that guidance is applicable. The Corporation will adopt ASU 2025-11 on January 1, 2028. The Corporation does not expect the adoption of ASU 2025-11 to have a material impact on its Consolidated Financial Statements.

In December 2025, FASB issued ASU 2025-12 Codification Improvements ("ASU 2025-12"). This update makes changes to the Accounting Standards Codification affecting a wide variety of topics to clarify, correct errors and make minor improvements. The Corporation will adopt ASU 2025-12 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-12 to have a material impact on its Consolidated Financial Statements.
Reclassifications
Reclassifications
Certain amounts in the 2024 Consolidated Financial Statements and notes have been reclassified to conform to the 2025 presentation.
v3.25.4
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Acquisitions
The following table summarizes the consideration transferred and the fair values of identifiable assets acquired and liabilities assumed in connection with the Republic First Transaction:

Estimated Fair Value
(dollars in thousands)
Cash payment received from FDIC$809,920 
Assets acquired:
     Cash and due from banks208,451 
     Investment securities1,938,571 
     Loans2,495,810 
     Premises and equipment184 
     CDI92,600 
     FHLB Stock37,931 
     Accrued interest receivable16,164 
     Other assets10,179 
          Total assets 4,799,890 
Liabilities assumed:
     Deposits4,112,143 
Borrowings1,413,751 
Accrued interest payable33,444 
     Other liabilities2,641 
          Total liabilities5,561,979 
Net assets acquired:(762,089)
Gain on acquisition, before income taxes$47,831 
Gain on acquisition, net of income taxes$36,996 
v3.25.4
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Values of Investment Securities
The following tables present the amortized cost and estimated fair values of investment securities, as of December 31:

Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
 (dollars in thousands)
2025
Available for Sale
State and municipal securities$951,764 $326 $(125,397)$826,693 
Corporate debt securities219,699 1,302 (6,080)214,921 
Collateralized mortgage obligations1,034,548 12,758 (7,228)1,040,078 
Residential mortgage-backed securities781,966 5,891 (21,140)766,717 
Commercial mortgage-backed securities647,375 80 (88,005)559,450 
Total$3,635,352 $20,357 $(247,850)$3,407,859 
Held to Maturity
Residential mortgage-backed securities$573,636 $4,978 $(44,093)$534,521 
Commercial mortgage-backed securities852,249 — (119,192)733,057 
Total $1,425,885 $4,978 $(163,285)$1,267,578 
2024
Available for Sale
State and municipal securities$960,227 $106 $(145,446)$814,887 
Corporate debt securities313,681 1,123 (14,434)300,370 
Collateralized mortgage obligations798,157 4,629 (13,901)788,885 
Residential mortgage-backed securities1,029,846 30 (40,001)989,875 
Commercial mortgage-backed securities617,605 — (100,723)516,882 
   Total$3,719,516 $5,888 $(314,505)$3,410,899 
Held to Maturity
Residential mortgage-backed securities$537,856 $2 $(60,162)$477,696 
Commercial mortgage-backed securities857,713 — (151,960)705,753 
Total $1,395,569 $2 $(212,122)$1,183,449 
Schedule of Amortized Cost and Fair Values of Debt Securities by Contractual Maturities
The amortized cost and estimated fair values of debt securities as of December 31, 2025, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because issuers may have the right to call, or borrowers may have the right to prepay, with or without call or prepayment penalties.
Available for SaleHeld to Maturity
 Amortized
Cost		Estimated
Fair Value		Amortized
Cost		Estimated
Fair Value
(dollars in thousands)
Due in one year or less$5,833 $5,832 $— $— 
Due from one year to five years115,046 113,951 — — 
Due from five years to ten years221,196 217,061 — — 
Due after ten years829,388 704,770 — — 
1,171,463 1,041,614 — — 
Residential mortgage-backed securities(1)
781,966 766,717 573,636 534,521 
Commercial mortgage-backed securities(1)
647,375 559,450 852,249 733,057 
Collateralized mortgage obligations(1)
1,034,548 1,040,078 — — 
Total$3,635,352 $3,407,859 $1,425,885 $1,267,578 
(1) Maturities for mortgage-backed securities and collateralized mortgage obligations are dependent upon the interest rate environment and prepayments on the underlying loans.
Summary of Gains and Losses on the Sales of Securities
The following table presents information related to gross gains and losses on the sales of securities for the years presented:
Gross Realized GainsGross Realized LossesNet Gains (Losses)
 (dollars in thousands)
2025$663 $(665)$(2)
2024179 (20,462)(20,283)
2023283 (1,016)(733)
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following tables present the gross unrealized losses and estimated fair values of investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of December 31:

Less than 12 months12 Months or LongerTotal
Number of SecuritiesEstimated
Fair Value		Unrealized
Losses		Number of SecuritiesEstimated
Fair Value		Unrealized
Losses		Estimated
Fair Value		Unrealized
Losses
2025(dollars in thousands)
Available for Sale
State and municipal securities3 $10,532 $(127)277 $776,597 $(125,270)$787,129 $(125,397)
Corporate debt securities5 22,911 (329)21 145,563 (5,751)168,474 (6,080)
Collateralized mortgage obligations1 19,806 (128)72 74,446 (7,100)94,252 (7,228)
Residential mortgage-backed securities3 34,766 (97)75 240,422 (21,043)275,188 (21,140)
Commercial mortgage-backed securities4 51,600 (155)131 493,235 (87,850)544,835 (88,005)
Total available for sale16 $139,615 $(836)576 $1,730,263 $(247,014)$1,869,878 $(247,850)
Held to Maturity
Residential mortgage-backed securities— $— $— 120 $275,497 $(44,093)$275,497 $(44,093)
Commercial mortgage-backed securities— — — 60 733,057 (119,192)733,057 (119,192)
Total held to maturity— $— $— 180 $1,008,554 $(163,285)$1,008,554 $(163,285)


Less than 12 months12 Months or LongerTotal
Number of SecuritiesEstimated
Fair Value		Unrealized
Losses		Number of SecuritiesEstimated
Fair Value		Unrealized
Losses		Estimated
Fair Value		Unrealized
Losses
2024(dollars in thousands)
Available for Sale
State and municipal securities22 $53,026 $(1,692)272 $755,310 $(143,754)$808,336 $(145,446)
Corporate debt securities1 4,844 (13)47 264,099 (14,421)268,943 (14,434)
Collateralized mortgage obligations12 288,871 (3,463)77 85,485 (10,438)374,356 (13,901)
Residential mortgage-backed securities42 777,695 (9,178)69 174,284 (30,823)951,979 (40,001)
Commercial mortgage-backed securities1 19,291 (875)135 497,591 (99,848)516,882 (100,723)
Total available for sale78 $1,143,727 $(15,221)600 $1,776,769 $(299,284)$2,920,496 $(314,505)
Held to maturity
Residential mortgage-backed securities7 $155,726 $(1,754)120 $303,220 $(58,408)$458,946 $(60,162)
Commercial mortgage-backed securities— — — 60 705,753 (151,960)705,753 (151,960)
Total held to maturity7 $155,726 $(1,754)180 $1,008,973 $(210,368)$1,164,699 $(212,122)
v3.25.4
Loans and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Summary of Loans and Leases, Net of Unearned Income
Loans and leases, net of unearned income are summarized as follows as of December 31:
20252024
(dollars in thousands)
Real estate - commercial mortgage$9,820,944 $9,601,858 
Commercial and industrial4,539,060 4,605,589 
Real estate - residential mortgage6,669,993 6,349,643 
Real estate - home equity1,242,831 1,160,616 
Real estate - construction970,298 1,394,899 
Consumer564,349 616,856 
Leases and other loans(1)
337,409 315,458 
Net loans$24,144,884 $24,044,919 
(1) Includes unearned income of $36.8 million and $35.6 million as of December 31, 2025 and December 31, 2024, respectively.
Schedule of Allowance for Credit Losses
The following table summarizes the ACL - loans balance and the reserve for OBS credit exposures balance as of December 31:
20252024
(dollars in thousands)
ACL - loans $364,462 $379,156 
Reserve for OBS credit exposures(1)
$14,972 $14,161 
(1) Included in other liabilities on the Consolidated Balance Sheets.
Activity in the Allowance for Credit Losses
The following table presents the activity in the ACL for the years ended December 31:
202520242023
(dollars in thousands)
Balance at beginning of period$379,156 $293,404 $269,366 
CECL Day 1 Provision(1)
— 23,444 — 
Initial PCD allowance for credit losses— 54,631 — 
Loans charged off(78,198)(54,429)(39,201)
Recoveries of loans previously charged off28,617 9,984 10,129 
Net loans (charged off) recovered(49,581)(44,445)(29,072)
Provision for credit losses(1) (2)
34,887 52,122 53,110 
Balance at end of period$364,462 $379,156 $293,404 
Provision for OBS credit exposures(1)
$811 $(3,930)$926 
Reserve for OBS credit exposures$14,972 $(14,161)$17,254 
The following table presents the activity in the ACL by portfolio segment:
Real Estate -
Commercial
Mortgage		Commercial and IndustrialReal Estate -
Residential
Mortgage		Consumer and Real Estate -
Home
Equity		Real Estate -
Construction		Leases and other loansTotal
 (dollars in thousands)
Balance at December 31, 2023$112,565 $74,266 $73,286 $17,604 $12,295 $3,388 $293,404 
CECL Day 1 Provision(1)
6,648 1,121 14,920 445 310 — 23,444 
Initial PCD allowance for credit losses41,559 10,463 565 357 1,687 — 54,631 
Loans charged off(13,186)(26,585)(1,472)(8,490)— (4,696)(54,429)
Recoveries of loans previously charged off603 4,440 472 3,357 382 730 9,984 
Net loans (charged off) recovered(12,583)(22,145)(1,000)(5,133)382 (3,966)(44,445)
Provision for loan losses(1)(2)
9,992 28,507 (6,440)6,124 10,466 3,473 52,122 
Balance at December 31, 2024158,181 92,212 81,331 19,397 25,140 2,895 379,156 
Loans charged off(36,518)(20,787)(1,053)(8,817)(5,386)(5,637)(78,198)
Recoveries of loans previously charged off5,447 18,377 640 3,146 227 780 28,617 
Net loans (charged off) recovered(31,071)(2,410)(413)(5,671)(5,159)(4,857)(49,581)
Provision for loan losses(1)(2)
30,192 (12,062)8,043 9,300 (9,085)8,499 34,887 
Balance at December 31, 2025$157,302 $77,740 $88,961 $23,026 $10,896 $6,537 $364,462 
(1) These amounts are reflected in the provision for credit loss in the Consolidated Statements of Income.
(2) Provision included in the table only includes the portion related to net loans.
The following table presents total non-accrual loans, by class segment, as of December 31:

20252024
With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
(dollars in thousands)
Real estate - commercial mortgage$27,437 $44,613 $72,050 $31,654 $67,843 $99,497 
Commercial and industrial19,822 24,281 44,103 17,011 25,206 42,217 
Real estate - residential mortgage25,423 2,328 27,751 23,387 2,013 25,400 
Real estate - home equity7,126 — 7,126 8,513 78 8,591 
Real estate - construction1,661 — 1,661 1,746 — 1,746 
Consumer3 — 3 8 — 8 
Leases and other loans32 1,146 1,178 1,801 10,033 11,834 
Total$81,504 $72,368 $153,872 $84,120 $105,173 $189,293 
Financing Receivable Credit Quality Indicators
The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the current period:
December 31, 2025
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20252024202320222021PriorCost BasisCost BasisTotal
Real estate - commercial mortgage
Pass$885,851 $769,334 $1,120,033 $1,127,104 $1,185,319 $3,712,279 $76,848 $— $8,876,768 
Special Mention9,425 19,207 42,649 52,546 116,763 171,308 787 — 412,685 
Substandard or Lower2,346 15,154 90,747 111,135 108,871 202,185 1,053 — 531,491 
Total real estate - commercial mortgage897,622 803,695 1,253,429 1,290,785 1,410,953 4,085,772 78,688 — 9,820,944 
Real estate - commercial mortgage
Current period gross charge-offs— — (1,315)(20,232)(7,990)(6,981)— — (36,518)
Commercial and industrial
Pass559,804 340,662 351,330 449,474 205,593 766,308 1,398,989 3,092 4,075,252 
Special Mention11,490 12,287 18,377 12,305 4,354 52,719 101,311 7,179 220,022 
Substandard or Lower1,843 10,114 21,089 19,238 8,898 73,671 104,498 4,435 243,786 
Total commercial and industrial573,137 363,063 390,796 481,017 218,845 892,698 1,604,798 14,706 4,539,060 
Commercial and industrial
Current period gross charge-offs(75)(3,317)(4,822)(4,936)(2,410)(4,449)(778)— (20,787)
Real estate - construction(1)
Pass100,320 236,045 190,065 40,427 24,082 46,156 50,902 — 687,997 
Special Mention555 1,196 — 21,286 3,381 2,750 1,248 — 30,416 
Substandard or Lower— — 916 7,718 256 243 9 — 9,142 
Total real estate - construction100,875 237,241 190,981 69,431 27,719 49,149 52,159 — 727,555 
Real estate - construction(1)
Current period gross charge-offs— — — (5,286)— (100)— — (5,386)
Leases and other loans
Pass174,718 35,955 70,152 29,832 8,185 8,665 — — 327,507 
Special Mention432 459 430 1,305 460 329 — — 3,415 
Substandard or Lower185 2,080 955 3,034 196 37 — — 6,487 
Total leases and other loans175,335 38,494 71,537 34,171 8,841 9,031 — — 337,409 
Leases and other loans
Current period gross charge-offs(2,092)(1,153)(506)(289)(244)(1,353)— — (5,637)
Total
Pass$1,720,693 $1,381,996 $1,731,580 $1,646,837 $1,423,179 $4,533,408 $1,526,739 $3,092 $13,967,524 
Special Mention21,902 33,149 61,456 87,442 124,958 227,106 103,346 7,179 666,538 
Substandard or Lower4,374 27,348 113,707 141,125 118,221 276,136 105,560 4,435 790,906 
Total$1,746,969 $1,442,493 $1,906,743 $1,875,404 $1,666,358 $5,036,650 $1,735,645 $14,706 $15,424,968 
(1) Excludes non-commercial real estate - construction.


Total criticized and classified loans decreased $378.9 million, or 20.6%, compared to December 31, 2024.
The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the prior period:
December 31, 2024
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20242023202220212020PriorCost BasisCost BasisTotal
Real estate - commercial mortgage
Pass$623,742 $898,296 $1,138,669 $1,316,000 $1,077,625 $3,414,138 $69,942 $9,646 $8,548,058 
Special Mention4,441 73,348 149,280 157,543 28,734 107,099 10,978 — 531,423 
Substandard or Lower4,831 44,665 102,952 95,617 75,097 193,922 1,380 3,913 522,377 
Total real estate - commercial mortgage633,014 1,016,309 1,390,901 1,569,160 1,181,456 3,715,159 82,300 13,559 9,601,858 
Real estate - commercial mortgage
Current period gross charge-offs— (126)(84)— — (12,950)— (26)(13,186)
Commercial and industrial
Pass435,917 486,720 512,622 261,603 268,194 684,931 1,375,201 6,346 4,031,534 
Special Mention9,928 8,333 19,931 18,888 4,844 58,632 117,940 313 238,809 
Substandard or Lower10,795 16,593 34,748 10,183 12,496 49,439 176,755 24,237 335,246 
Total commercial and industrial456,640 511,646 567,301 290,674 285,534 793,002 1,669,896 30,896 4,605,589 
Commercial and industrial
Current period gross charge-offs(612)(3,709)(2,560)(4,587)(317)(7,612)(3,553)(3,635)(26,585)
Real estate - construction(1)
Pass197,206 494,072 157,296 37,438 8,784 41,480 30,608 619 967,503 
Special Mention— 10,612 80,651 69,109 938 — — — 161,310 
Substandard or Lower— — 14,407 10,399 — 20,350 121 1,906 47,183 
Total real estate - construction197,206 504,684 252,354 116,946 9,722 61,830 30,729 2,525 1,175,996 
Real estate - construction(1)
Current period gross charge-offs— — — — — — — — — 
Total
Pass$1,256,865 $1,879,088 $1,808,587 $1,615,041 $1,354,603 $4,140,549 $1,475,751 $16,611 $13,547,095 
Special Mention14,369 92,293 249,862 245,540 34,516 165,731 128,918 313 931,542 
Substandard or Lower15,626 61,258 152,107 116,199 87,593 263,711 178,256 30,056 904,806 
Total$1,286,860 $2,032,639 $2,210,556 $1,976,780 $1,476,712 $4,569,991 $1,782,925 $46,980 $15,383,443 
(1) Excludes non-commercial real estate - construction.

For a description of the Corporation's internal risk rating categories, see "Note 1 - Summary of Significant Accounting Policies" under the heading "Allowance for Credit Losses."
The following tables present the amortized cost of these loans based on payment activity, by origination year, for the periods shown:
December 31, 2025
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20252024202320222021PriorCost BasisCost BasisTotal
Real estate - residential mortgage
Performing$724,505 $536,668 $662,479 $1,412,885 $1,603,854 $1,684,033 $— $— $6,624,424 
Non-performing134 645 2,102 9,752 4,961 27,975 — — 45,569 
Total real estate - residential mortgage724,639 537,313 664,581 1,422,637 1,608,815 1,712,008 — — 6,669,993 
Real estate - residential mortgage
Current period gross charge-offs— (19)(201)(294)(161)(378)— — (1,053)
Consumer and real estate - home equity
Performing231,952 23,963 74,129 140,759 43,561 201,571 1,042,448 36,924 1,795,307 
Non-performing97 84 143 409 568 4,992 2,497 3,083 11,873 
Total consumer and real estate - home equity232,049 24,047 74,272 141,168 44,129 206,563 1,044,945 40,007 1,807,180 
Consumer and real estate - home equity
Current period gross charge-offs(215)(262)(998)(1,556)(708)(4,505)(573)— (8,817)
Construction - residential
Performing164,473 72,583 1,395 2,280 — — — — 240,731 
Non-performing— 606 — 1,406 — — — — 2,012 
Total construction - residential164,473 73,189 1,395 3,686 — — — — 242,743 
Construction - residential
Current period gross charge-offs— — — — — — — — — 
Total
Performing$1,120,930 $633,214 $738,003 $1,555,924 $1,647,415 $1,885,604 $1,042,448 $36,924 $8,660,462 
Non-performing231 1,335 2,245 11,567 5,529 32,967 2,497 3,083 59,454 
Total$1,121,161 $634,549 $740,248 $1,567,491 $1,652,944 $1,918,571 $1,044,945 $40,007 $8,719,916 
December 31, 2024
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20242023202220212020PriorCost BasisCost BasisTotal
Real estate - residential mortgage
Performing$470,918 $728,630 $1,515,521 $1,726,991 $1,022,116 $839,566 $— $— $6,303,742 
Non-performing87 1,358 5,118 3,232 5,523 30,583 — — 45,901 
Total real estate - residential mortgage471,005 729,988 1,520,639 1,730,223 1,027,639 870,149 — — 6,349,643 
Real estate - residential mortgage
Current period gross charge-offs— (172)(106)(12)(43)(888)— (251)(1,472)
Consumer and real estate - home equity
Performing178,722 116,370 211,647 65,412 48,201 188,442 913,920 40,384 1,763,098 
Non-performing236 848 918 963 753 4,571 2,893 3,192 14,374 
Total consumer and real estate - home equity178,958 117,218 212,565 66,375 48,954 193,013 916,813 43,576 1,777,472 
Consumer and real estate - home equity loans
Current period gross charge-offs(118)(1,016)(1,552)(790)(398)(2,704)(75)(1,837)(8,490)
Leases and other loans
Performing123,991 89,006 52,724 16,894 10,830 9,996 — — 303,441 
Non-performing— — 1,922 744 23 9,328 — — 12,017 
Total leases and other123,991 89,006 54,646 17,638 10,853 19,324 — — 315,458 
Leases and other loans
Current period gross charge-offs(1,977)(913)(335)(334)(192)(770)— (175)(4,696)
Construction - residential
Performing138,440 61,848 15,710 1,499 — — — — 217,497 
Non-performing— — 1,406 — — — — — 1,406 
Total construction - residential138,440 61,848 17,116 1,499 — — — — 218,903 
Construction - residential
Current period gross charge-offs— — — — — — — — — 
Total
Performing$912,071 $995,854 $1,795,602 $1,810,796 $1,081,147 $1,038,004 $913,920 $40,384 $8,587,778 
Non-performing323 2,206 9,364 4,939 6,299 44,482 2,893 3,192 73,698 
Total$912,394 $998,060 $1,804,966 $1,815,735 $1,087,446 $1,082,486 $916,813 $43,576 $8,661,476 
Non-Performing Assets
The following table presents non-performing assets:
December 31,
2025		December 31,
2024
 (dollars in thousands)
Non-accrual loans$153,872 $189,293 
Loans 90 days or more past due and still accruing29,924 30,781 
Total non-performing loans183,796 220,074 
OREO(1)
1,365 2,621 
Total non-performing assets$185,161 $222,695 
(1) Excludes $19.1 million and $17.5 million of residential mortgage properties for which formal foreclosure proceeding were in process as of December 31, 2025 and 2024, respectively.
Aging of Amortized Cost Basis of Loans, by Class Segment
The following tables present the aging of the amortized cost basis of loans, by class segment:
30-59 Days Past
Due		60-89
Days Past
Due		≥ 90 Days
Past Due
and
Accruing		Non-
accrual		CurrentTotal
(dollars in thousands)
December 31, 2025
Real estate - commercial mortgage$19,762 $17,757 $2,931 $72,050 $9,708,444 $9,820,944 
Commercial and industrial5,023 4,563 3,653 44,103 4,481,718 4,539,060 
Real estate - residential mortgage48,246 7,912 17,818 27,751 6,568,266 6,669,993 
Real estate - home equity15,646 1,417 3,958 7,126 1,214,684 1,242,831 
Real estate - construction3,698 2,555 606 1,661 961,778 970,298 
Consumer6,334 1,604 788 3 555,620 564,349 
Leases and other loans(1)
160 193 170 1,178 335,708 337,409 
Total$98,869 $36,001 $29,924 $153,872 $23,826,218 $24,144,884 
(1) Includes unearned income.
30-59 Days Past
Due		60-89
Days Past
Due		≥ 90 Days
Past Due
and
Accruing		Non-
accrual		CurrentTotal
(dollars in thousands)
December 31, 2024
Real estate - commercial mortgage$32,715 $16,684 $2,862 $99,497 $9,450,100 $9,601,858 
Commercial and industrial6,031 3,636 1,460 42,217 4,552,245 4,605,589 
Real estate - residential mortgage59,593 5,946 20,501 25,400 6,238,203 6,349,643 
Real estate - home equity6,778 1,057 4,758 8,591 1,139,432 1,160,616 
Real estate - construction3,549 5,163 — 1,746 1,384,441 1,394,899 
Consumer6,779 1,627 1,017 8 607,425 616,856 
Leases and other loans(1)
269 105 183 11,834 303,067 315,458 
Total$115,714 $34,218 $30,781 $189,293 $23,674,913 $24,044,919 
(1) Includes unearned income.
Financing Receivables, Loan Modifications
The following table presents the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted:

Term Extension
202520242023
Amortized Cost Basis% of Class of Financing ReceivableAmortized Cost Basis% of Class of Financing ReceivableAmortized Cost Basis% of Class of Financing Receivable
(dollars in thousands)
Real estate - commercial mortgage$81,548 0.83 %$20,501 0.21 %$2,944 0.04 %
Commercial and industrial30,493 0.67 3,913 0.08 11,970 0.26 
Real estate - residential mortgage5,814 0.09 11,604 0.18 8,182 0.15 
Real estate - home equity372 0.03 379 0.03 — — 
Real estate - construction30,454 3.14 595 0.04 — — 
Total$148,681 $36,992 $23,096 

Interest Rate Reduction and Term Extension
202520242023
Amortized Cost Basis% of Class of Financing ReceivableAmortization Cost Basis% of Class of Financing ReceivableAmortization Cost Basis% of Class of Financing Receivable
(dollars in thousands)
Real estate - residential mortgage$3,014 0.05 %$2,365 0.04 %$910 0.02 %
Total$3,014 $2,365 $910 
The following table presents the financial effect of the modifications made to borrowers experiencing financial difficulty:

Term Extension
Financial Effect
2025
Real estate - commercial mortgage
Added a weighted-average 0.96 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial
Added a weighted-average 1.01 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 9.52 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity
Added a weighted-average 15.29 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - construction
Added a weighted-average 1.24 years to the life of loans, which reduced monthly payment amounts for the borrowers.
2024
Real estate - commercial mortgage
Added a weighted-average 1.99 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial
Added a weighted-average 0.67 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 8.98 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity
Added a weighted-average 14.30 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - construction
Added a weighted-average 0.67 years to the life of loans, which reduced monthly payment amounts for the borrowers.
2023
Real estate - commercial mortgage
Added a weighted-average 1.22 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial
Added a weighted-average 0.92 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 8.10 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Interest Rate Reduction
Financial Effect
2025
Real estate - residential mortgage
Reduced weighted-average interest rate from 3.37% to 1.41%
2024
Real estate - residential mortgage
Reduced weighted-average interest rate from 2.35% to 1.40%
2023
Real estate - residential mortgage
Reduced weighted-average interest rate from 3.76% to 2.30%
The following table presents the performance of loans that have been modified due to financial difficulty in the previous 12 months.
30-8990+Total
Days PastPast DueNon-Past
CurrentDueand AccruingAccrualDue
(dollars in thousands)
Real estate - commercial mortgage$81,174 $— $— $375 $375 
Commercial and industrial27,667 — — 2,826 2,826 
Real estate - residential mortgage5,153 933 123 2,618 3,674 
Real estate - home equity197 — — 175 175 
Real estate - construction30,199 — — 255 255 
Total$144,390 $933 $123 $6,249 $7,305 
v3.25.4
Premises and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of Premises and Equipment
The following is a summary of premises and equipment as of December 31:
20252024
 (dollars in thousands)
Land$28,426 $36,080 
Buildings and improvements295,165 310,786 
Furniture and equipment178,401 173,778 
Construction in progress6,648 4,872 
Total premises and equipment508,640 525,516 
Less: Accumulated depreciation and amortization(333,400)(329,989)
Net premises and equipment$175,240 $195,527 

The $23.3 million decrease in land and buildings and improvements at December 31, 2025 compared to December 31, 2024 was primarily due to financial center closures.
v3.25.4
Mortgage Servicing Rights (Tables)
 12 Months Ended
Dec. 31, 2025
Transfers and Servicing [Abstract]  
Summary of Changes in Mortgage Servicing Rights
The following table summarizes the changes in MSRs, which are included in other assets on the Consolidated Balance Sheets, with adjustments to the carrying value included in mortgage banking income on the Consolidated Statements of Income:
202520242023
 (dollars in thousands)
Amortized cost:
Balance at beginning of period$30,691 $31,602 $34,217 
Originations of MSRs3,596 3,758 2,475 
Amortization(4,553)(4,669)(5,090)
Balance at end of period$29,734 $30,691 $31,602 
Estimated fair value of MSRs at end of period$49,861 $53,972 $49,696 
Schedule Of MSR Amortization Expense Estimated future MSRs amortization expense, based on balances as of December 31, 2025, and the estimated remaining lives of the underlying loans, is as follows (dollars in thousands):
Year 
2026$3,837 
20273,371 
20282,968 
20292,626 
20302,339 
Thereafter14,593 
Total estimated amortization expense$29,734 
v3.25.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
The following table summarizes intangible assets, which are included in goodwill and net intangible assets on the Consolidated Balance Sheets:
December 31,
20252024
(dollars in thousands)
Amortizing intangible assets$106,196 $106,196 
Accumulated amortization(46,546)(24,085)
Net intangibles$59,650 $82,111 
Net intangibles included CDI of $58.2 million and $80.2 million as of December 31, 2025 and 2024, respectively. The CDI was recorded as part of the Republic First Transaction and the Prudential Bancorp merger and is being amortized over seven years using the sum-of-the-years'-digits method.
The following table summarizes CDI amortization expense for each of the next five years and thereafter (dollars in thousands):
Year
2026$18,667 
202715,066 
202811,213 
20297,717 
20304,409 
Thereafter1,102 
Total$58,174 
v3.25.4
Deposits (Tables)
 12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Schedule Of Deposits Liabilities
Deposits consisted of the following as of December 31:
20252024
 (dollars in thousands)
Noninterest-bearing demand$5,256,096 $5,499,760 
Interest-bearing demand7,970,188 7,843,604 
Savings and money market accounts8,512,829 7,792,114 
Total demand and savings21,739,113 21,135,478 
Brokered deposits855,042 843,857 
Time deposits3,995,252 4,150,098 
Total Deposits$26,589,407 $26,129,433 
Scheduled Maturities Of Time Deposits
The scheduled maturities of time deposits as of December 31, 2025 were as follows (dollars in thousands):
Year 
2026$3,528,876 
2027291,166 
2028114,925 
202912,464 
20308,151 
Thereafter39,670 
Total $3,995,252 

Included in time deposits were certificates of deposit equal to or greater than $100,000 of $2.4 billion and $2.5 billion as of December 31, 2025 and 2024, respectively. Time deposits equal or greater than $250,000 were $1.1 billion and $1.0 billion as of December 31, 2025 and 2024, respectively.
v3.25.4
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowings Outstanding
Borrowings as of December 31, 2025 and 2024 and the related maximum amounts outstanding at the end of any month in each of the two years then ended are presented below.
 December 31Maximum Outstanding
2025202420252024
(dollars in thousands)
Federal funds purchased$— $— $— $125,000 
FHLB advances250,000 850,000 800,000 1,706,621 
Other borrowings:
Short-term promissory notes issued to customers and customer repurchase agreements678,822 563,831 686,669 625,829 
Other borrowings916 901 1,282 1,155 
Total other borrowings$679,738 $564,732 
Schedule of Senior and Subordinated Debts
The following is included in senior and subordinated debt as of December 31:
20252024
 (dollars in thousands)
Subordinated debt$370,000 $370,000 
Unamortized discounts and issuance costs(2,363)(2,684)
Total senior debt and subordinated debt$367,637 $367,316 
Schedule of Maturities of Long-term Debt
The following table summarizes the scheduled maturities of senior and subordinated debt with an original maturity of one year or more as of December 31, 2025 (dollars in thousands):

Year 
2026$— 
2027— 
2028— 
2029— 
2030195,000 
Thereafter175,000 
Unamortized discounts and issuance costs(2,363)
Total$367,637 
v3.25.4
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Notion Amounts and Fair Values of Derivative Financial Instruments
The following table presents a summary of notional amounts and fair values of derivative financial instruments as of December 31:
20252024
Notional
Amount		Asset
(Liability)
Fair Value		Notional
Amount		Asset
(Liability)
Fair Value
(dollars in thousands)
Interest Rate Locks with Customers
Positive fair values$203,580 $563 $171,933 $389 
Negative fair values926 (6)3,888 (58)
Forward Commitments
Positive fair values— — 51,250 363 
Negative fair values71,207 (156)— — 
Interest Rate Derivatives with Customers(1)
Positive fair values2,118,722 39,236 767,905 8,480 
Negative fair values2,747,758 (130,521)3,976,294 (239,058)
Interest Rate Derivatives with Dealer Counterparties
Positive fair values2,747,758 77,528 3,976,294 150,480 
Negative fair values2,118,722 (39,606)767,905 (10,734)
Interest Rate Derivatives used in Cash Flow Hedges
Positive fair values
2,950,000 11,489 2,500,000 227 
Negative fair values
— — 1,400,000 (2,971)
Foreign Exchange Contracts with Customers
Positive fair values1,239 8 28,327 1,619 
Negative fair values13,007 (714)693 (27)
Foreign Exchange Contracts with Correspondent Banks
Positive fair values14,424 883 4,059 63 
Negative fair values1,870 (6)32,406 (1,569)
(1) Fair values are net of a valuation allowance of $366.3 thousand as of December 31, 2025 and 2024.
Summary of Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
The following table presents the effect of cash flow hedge accounting on AOCI:
Amount of Gain (Loss) Recognized in OCI on Derivative Amount of Gain (Loss) Recognized in OCI Included ComponentAmount of Gain (Loss) Recognized in OCI Excluded ComponentLocation of Gain (Loss) Recognized from AOCI into IncomeAmount of Gain (Loss) Reclassified from AOCI into Income Amount of Gain (Loss) Reclassified from AOCI into Income Included ComponentAmount of Gain (Loss) Reclassified from AOCI into Income Excluded Component
(dollars in thousands)
Year ended December 31, 2025
Interest Rate Products$348 $348 $— Interest Income$(19,504)$(19,504)$— 
Interest Rate Products514 514 — Interest Expense(900)(900)— 
Total $862 $862 $— $(20,404)$(20,404)$— 
Year ended December 31, 2024
Interest Rate Products$(10,261)$(10,261)$— Interest Income$(29,899)$(29,899)$— 
Interest Rate Products11,025 11,025 — Interest Expense6,446 6,446 — 
Total$764 $764 $— $(23,453)$(23,453)$— 

The following table presents the effect of fair value and cash flow hedge accounting on the income statement for the year ended December 31:
Consolidated Statements of Income Classification
20252024
Interest IncomeInterest ExpenseInterest IncomeInterest Expense
(dollars in thousands)
Total amounts of income line items presented in the Consolidated Statements of Income in which the effects of fair value or cash flow hedges are recorded$(19,504)$(900)$(29,899)$6,446 
The effects of fair value and cash flow hedging:
Amount of gain or (loss) on cash flow hedging relationships— — — — 
Interest rate derivatives:
Amount of (loss) gain reclassified from AOCI into income(19,504)(900)(29,899)6,446 
Amount of (loss) gain reclassified from AOCI into income as a result of a forecasted transaction that is no longer probable of occurring— — — — 
Amount of (loss) gain reclassified from AOCI into income - included component(19,504)(900)(29,899)6,446 
Amount of (loss) gain reclassified from AOCI into income - excluded component— — — — 
Summary of Fair Value Gains and Losses on Derivative Financial Instruments
The following table presents the fair value gains (losses) on derivative financial instruments for the years ended December 31:
 Consolidated Statements of Income Classification202520242023
 (dollars in thousands)
Mortgage banking derivatives(1)
Mortgage banking$(292)$1,090 $(380)
Interest rate derivativesOther income258 419 (1,855)
Foreign exchange contractsOther income84 (9)7 
Net fair value gains (losses) on derivative financial instruments$50 $1,500 $(2,228)
(1) Includes interest rate locks with customers and forward commitments.
Summary of Mortgage Loans Held for Sale
The Corporation has elected to measure mortgage loans held for sale at fair value. The following table presents a summary of mortgage loans held for sale and the impact of the fair value election on the Consolidated Financial Statements as of December 31:
20252024
 (dollars in thousands)
Amortized Cost (1)
$16,005 $25,316 
Fair value16,316 25,618 
(1) Cost basis of mortgage loans held for sale represents the unpaid principal balance.
Offsetting Assets and Liabilities The following table presents the Corporation's financial instruments that are eligible for offset, and the effects of offsetting, on the Consolidated Balance Sheets as of December 31:
Gross AmountsGross Amounts Not Offset
Recognized on the Consolidated
on theBalance Sheets
ConsolidatedFinancialCashNet
Balance Sheets
Instruments(1)
Collateral(2)
Amount
(dollars in thousands)
2025
Interest rate derivative assets$128,253 $(18,829)$— $109,424 
Foreign exchange derivative assets with correspondent banks883 (883)— — 
Total $129,136 $(19,712)$— $109,424 
Interest rate derivative liabilities$170,127 $(30,318)$(54,200)$85,609 
Foreign exchange derivative liabilities with correspondent banks6 (883)— (877)
Total$170,133 $(31,201)$(54,200)$84,732 
2024
Interest rate derivative assets$159,187 $(12,739)$— $146,448 
Foreign exchange derivative assets with correspondent banks63 (63)— — 
Total$159,250 $(12,802)$— $146,448 
Interest rate derivative liabilities$252,763 $(9,995)$(94,339)$148,429 
Foreign exchange derivative liabilities with correspondent banks1,569 (63)— 1,506 
Total$254,332 $(10,058)$(94,339)$149,935 

(1) For interest rate derivative assets, amounts represent any derivative liability fair values that could be offset in the event of counterparty or customer default.
For interest rate derivative liabilities, amounts represent any derivative asset fair values that could be offset in the event of counterparty or customer default.
(2) Amounts represent cash collateral received from the counterparty or posted by the Corporation on interest rate derivative transactions and foreign
exchange contracts with financial institution counterparties. Interest rate derivatives with customers are collateralized by the same collateral securing the
underlying loans to those borrowers. Cash and securities collateral amounts are included in the table only to the extent of the net derivative fair values.

Cash Flow Hedge Terminations
In January 2023, the Corporation terminated interest rate derivatives designated as cash flow hedges with a combined notional amount of $1.0 billion. As the hedged transaction continues to be probable, the unrealized losses that have been recorded in AOCI are recognized as reduction to interest income, including fees, when the previously forecasted hedged item affects earnings in future periods. During the years ended December 31, 2025, 2024 and 2023, $13.0 million, $27.9 million and $22.1 million, respectively of these unrealized losses have been reclassified as a reduction of interest income on loans, including fees, on the Consolidated Statements of Income.
v3.25.4
Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2025
Regulatory Matters [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements he following tables present the Total risk-based, Tier I risk-based, CET1 risk-based and Tier I leverage requirements under the Basel III Rules as of December 31:
2025
ActualFor Capital
Adequacy Purposes		Well Capitalized
  AmountRatioAmountRatioAmountRatio
 (dollars in thousands)
Total Capital (to Risk-Weighted Assets):
Corporation$3,716,146 15.2 %$1,960,184 8.0 %N/AN/A
Fulton Bank3,480,147 14.3 1,951,104 8.0 $2,438,880 10.0 %
Tier I Capital (to Risk-Weighted Assets):
Corporation$3,080,327 12.6 %$1,470,138 6.0 %N/AN/A
Fulton Bank3,174,366 13.0 1,463,328 6.0 $1,951,104 8.0 %
CET1 Capital (to Risk-Weighted Assets):
Corporation$2,887,449 11.8 %$1,102,603 4.5 %N/AN/A
Fulton Bank3,130,366 12.8 1,097,496 4.5 $1,585,272 6.5 %
Tier I Leverage Capital (to Average Assets):
Corporation$3,080,327 9.7 %$1,265,715 4.0 %N/AN/A
Fulton Bank3,174,366 10.1 1,262,175 4.0 $1,577,719 5.0 %
N/A - Not applicable as "well capitalized" applies to banks only.

2024
ActualFor Capital
Adequacy Purposes		Well Capitalized
AmountRatioAmountRatioAmountRatio
(dollars in thousands)
Total Capital (to Risk-Weighted Assets):
Corporation$3,544,021 14.3 %$1,986,754 8.0 %N/AN/A
Fulton Bank3,338,891 13.5 1,976,697 8.0 $2,470,871 10.0 %
Tier I Capital (to Risk-Weighted Assets):
Corporation$2,866,143 11.5 %$1,490,065 6.0 %N/AN/A
Fulton Bank3,029,881 12.3 1,482,523 6.0 $1,976,697 8.0 %
CET1 Capital (to Risk-Weighted Assets):
Corporation$2,673,265 10.8 %$1,117,549 4.5 %N/AN/A
Fulton Bank2,985,881 12.1 1,111,892 4.5 $1,606,066 6.5 %
Tier I Leverage Capital (to Average Assets):
Corporation$2,866,143 9.0 %$1,269,248 4.0 %N/AN/A
Fulton Bank3,029,881 9.6 1,265,809 4.0 $1,582,261 5.0 %
N/A - Not applicable as "well capitalized" applies to banks only.
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The components of income tax expense are as follows:
202520242023
 (dollars in thousands)
Income before income tax expense (benefit)
U.S.$485,586 $344,629 $348,721 
Income tax expense (benefit)
Current tax expense
U.S. federal$84,652 $66,817 $49,707 
U.S. state and local13,493 12,256 11,137 
Total current tax expense98,145 79,073 60,844 
Deferred tax (benefit) expense
U.S. federal(2,685)(20,248)3,021 
U.S. state and local(1,483)(2,939)576 
Total deferred tax (benefit) expense(4,168)(23,187)3,597 
Total income tax expense (benefit)
U.S. federal81,967 46,569 52,728 
U.S. state and local12,010 9,317 11,713 
Total income tax expense (benefit)$93,977 $55,886 $64,441 
Schedule of Effective Income Tax Rate Reconciliation
The differences between the effective income tax rate and the federal statutory income tax rate are as follows:
202520242023
(dollars in thousands)
U.S. federal statutory tax rate$101,973 21.0 %$72,372 21.0 %$73,231 21.0 %
Federal
Tax credits
Low-income housing tax credits, net(4,051)(0.8)(1,163)(0.3)$(4,716)(1.3)
Other, net6 — 29 — 24 — 
Non-taxable or non-deductible items
Tax-exempt income on loans(9,875)(2.0)(9,636)(2.8)(8,445)(2.4)
Tax-exempt income on securities(4,700)(1.0)(5,224)(1.5)(6,120)(1.8)
Bargain purchase gain— — (7,769)(2.3)— — 
Other1,643 0.3 833 0.2 1,415 0.4 
Domestic state and local income tax, net of federal8,981 1.9 6,444 1.9 9,052 2.6 
Total income tax expense$93,977 19.4 %$55,886 16.2 %$64,441 18.5 %
Components of Income Taxes Paid
The components of income taxes paid are as follows:
202520242023
(dollars in thousands)
U.S. federal, net of refunds$96,396 $11,656 $10,423 
U.S. state and local, net of refunds
New Jersey8,110 5,638 3,671 
Maryland5,508 2,488 2,329 
Delaware2,452 2,476 1,939 
Other222 505 78 
Total U.S. state and local, net of refunds16,292 11,107 8,017 
Total income taxes paid$112,688 $22,763 $18,440 
Schedule of Deferred Tax Assets and Liabilities
The net DTA recorded by the Corporation is included in other assets and consists of the following tax effects of temporary differences as of December 31:
20252024
(dollars in thousands)
Deferred tax assets:
Allowance for credit losses$89,053 $90,148 
Unrealized holding losses on securities62,962 85,516 
Lease liability35,969 34,921 
State loss carryforwards27,964 26,118 
Other accrued expenses14,908 16,142 
Deferred compensation12,683 11,138 
Stock-based compensation5,042 5,458 
Intangible assets4,403 5,889 
New Jersey FAS 109 deduction2,412 2,412 
Other6,916 5,032 
Total gross deferred tax assets$262,312 $282,774 
Deferred tax liabilities:
Equipment lease financing50,366 45,644 
Right-of-use-asset32,875 31,960 
Acquisition premiums/discounts8,999 16,360 
Postretirement and defined benefit plans7,320 5,560 
MSRs6,978 6,952 
Tax credit investments1,241 2,033 
Premises and equipment— 736 
Total gross deferred tax liabilities$107,779 $109,245 
Net deferred tax asset, before valuation allowance154,533 173,529 
Valuation allowance(27,964)(26,118)
Net deferred tax asset$126,569 $147,411 
Summary of Changes in Unrecognized Tax Benefits
The following table summarizes the changes in unrecognized tax benefits for the years ended December 31:
202520242023
(dollars in thousands)
Balance at beginning of year$1,060 $1,044 $1,228 
Current period tax positions114 120 147 
Lapse of statute of limitations(82)(104)(331)
Balance at end of year$1,092 $1,060 $1,044 
v3.25.4
Net Income Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Common Shares Outstanding
A reconciliation of weighted average common shares outstanding used to calculate basic and diluted net income per share follows:
202520242023
 (in thousands)
Weighted average common shares outstanding (basic)181,621 175,523 165,241 
Impact of common stock equivalents1,668 1,700 1,528 
Weighted average common shares outstanding (diluted)183,289 177,223 166,769 
v3.25.4
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

The following table presents the components of OCI for the years ended December 31: 
Before-Tax AmountTax EffectNet of Tax Amount
(dollars in thousands)
2025
Net unrealized gains on investment securities$84,428 $(19,815)$64,613 
Reclassification adjustment for investment securities gains included in net income(1)
2 — 2 
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2)
6,897 (1,224)5,673 
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges862 (123)739 
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges20,404 (4,696)15,708 
Unrecognized pension and postretirement income3,693 (867)2,826 
Amortization of net unrecognized pension and postretirement items(3)
(554)130 (424)
Total Other Comprehensive Income $115,732 $(26,595)$89,137 
2024
Net unrealized losses on investment securities$(28,993)$6,568 $(22,425)
Reclassification adjustment for investment securities gains included in net income(1)
20,283 (4,594)15,689 
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2)
7,251 (1,642)5,609 
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges764 (174)590 
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges23,453 (5,312)18,141 
Unrecognized pension and postretirement income 9,411 (2,132)7,279 
Amortization of net unrecognized pension and postretirement items(3)
(541)119 (422)
Total Other Comprehensive Income $31,628 $(7,167)$24,461 
2023
Net unrealized gains on investment securities$46,572 $(10,549)$36,023 
Reclassification adjustment for investment securities losses included in net income(1)
(733)166 (567)
Amortization of net unrealized gains on AFS investment securities transferred to HTM(2)
7,644 (1,731)5,913 
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges9,048 (2,050)6,998 
Reclassification adjustment for net gains realized in net income on interest rate swaps used in cash flow hedges25,850 (5,855)19,995 
Unrecognized pension and postretirement income 6,162 (1,385)4,777 
Amortization of net unrecognized pension and postretirement items(3)
73 (16)57 
Total Other Comprehensive Income $94,616 $(21,420)$73,196 
(1) Amounts reclassified out of AOCI. Before-tax amounts included in "Investment securities (losses) gains, net" on the Consolidated Statements of Income. See
"Note 4 - Investment Securities," for additional details.
(2) Amounts reclassified out of AOCI. Before-tax amounts included in "Interest Income" on the Consolidated Statements of Income.
(3) Amounts reclassified out of AOCI. Before-tax amounts included in "Salaries and employee benefits" on the Consolidated Statements of Income.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in each component of AOCI, net of tax, for the years ended December 31: 
Unrealized Gains (Losses) on Investment SecuritiesNet Unrealized Gains (Losses) on Interest Rate Derivatives used in Cash Flow HedgesUnrecognized Pension and Postretirement Plan Income (Costs)Total
(dollars in thousands)
Balance at December 31, 2022$(316,231)$(61,776)$(7,469)$(385,476)
OCI before reclassifications36,023 6,998 4,777 47,798 
Amounts reclassified from AOCI (567)19,995 57 19,485 
Amortization of net unrealized gains on AFS investment securities transferred to HTM5,913 — — 5,913 
Balance at December 31, 2023(274,862)(34,783)(2,635)(312,280)
OCI before reclassifications(22,425)590 7,279 (14,556)
Amounts reclassified from AOCI15,689 18,141 (422)33,408 
Amortization of net unrealized gains on AFS investment securities transferred to HTM5,609 — — 5,609 
Balance at December 31, 2024(275,989)(16,052)4,222 (287,819)
OCI before reclassifications64,613 739 — 65,352 
Amounts reclassified from AOCI2 15,708 2,402 18,112 
Amortization of net unrealized gains on AFS investment securities transferred to HTM5,673 — — 5,673 
Balance at December 31, 2025$(205,701)$395 $6,624 $(198,682)
v3.25.4
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Compensation Expense and Related Tax Benefits
The following table presents compensation expense and related tax benefits for all equity awards recognized in the Consolidated Statements of Income for the years ended December 31:
202520242023
 (dollars in thousands)
Compensation expense$13,684 $10,907 $11,265 
Tax benefit(3,110)(2,466)(2,484)
Total stock-based compensation, net of tax $10,574 $8,441 $8,781 
Schedule Of Options Exercised
The following table presents information about stock options exercised for the years ended December 31:
202520242023
 (dollars in thousands)
Number of options exercised— 39,310 68,134 
Total intrinsic value of options exercised$— $116 $249 
Cash received from options exercised$— $496 $805 
Tax benefit from options exercised$— $23 $47 
Schedule of Nonvested Share Activity
The following table provides information about nonvested RSUs and PSUs granted under the Employee Equity Plan and Directors' Plan for the year ended December 31, 2025:
 RSUs/PSUs
 SharesWeighted
Average
Grant Date
Fair Value
Nonvested as of December 31, 20242,702,997 $14.57 
Granted1,057,072 17.03 
Vested(796,124)15.38 
Forfeited(87,395)15.42 
Nonvested as of December 31, 20252,876,550 $15.22 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of certain PSUs with market-based performance conditions granted under the Employee Equity Plan was estimated on the grant date using the Monte Carlo valuation methodology performed by a third-party valuation expert. This valuation is dependent upon certain assumptions, as summarized in the following table:
202520242023
Risk-free interest rate3.66 %4.75 %3.84 %
Volatility of Corporation’s stock32.92 %30.54 %35.63 %
Expected life of PSUs3 years3 years3 years
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions The following table summarizes activity under the ESPP:
202520242023
ESPP shares purchased131,062 133,019 162,667 
Average purchase price per share (85% of market value)$15.44 $14.55 $11.68 
Compensation expense recognized (in thousands)$357 $342 $348 
v3.25.4
Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Costs of Retirement Plans
The following summarizes retirement plan expense for the years ended December 31:
202520242023
 (dollars in thousands)
401(k) Retirement Plan$14,069 $13,739 $11,930 
Pension Plan(841)(1,036)464 
Total$13,228 $12,703 $12,394 
Multiemployer Plan
Information regarding the Prudential Bancorp Pension Plan as of December 31, 2025 is as follows:

Legal Name of PlanPrudential Bancorp Pension Plan
(dollars in thousands)
Plan Employer Identification Number23-1928421
The Corporation's contribution for the year ended December 31, 2025(1)
$972 
Are the Corporation's contributions more than 5% of total contributions?No
Funded Status80.01 %
(1) Includes 2026 prepayment of $120 thousand.
Pension Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost
The net periodic pension cost for the Pension Plan, as determined by consulting actuaries, consisted of the following components for the years ended December 31:
202520242023
 (dollars in thousands)
Interest cost$3,070 $3,159 $3,269 
Expected return on assets(3,911)(3,903)(3,436)
Net amortization and deferral— — 631 
Gain on settlement— (292)— 
Net periodic pension cost$(841)$(1,036)$464 
Schedule of Changes in Accumulated Postemployment Benefit Obligations
The following table summarizes the changes in the projected benefit obligation and fair value of Pension Plan assets for the plan years ended December 31:
20252024
 (dollars in thousands)
Projected benefit obligation at beginning of year$59,429 $68,952 
Interest cost3,070 3,159 
Benefit payments(4,761)(8,843)
Change in assumptions1,196 (4,323)
Experience gain356 484 
Projected benefit obligation at end of year$59,290 $59,429 
Fair value of plan assets at beginning of year$85,595 $84,659 
Actual return on plan assets9,309 9,779 
Benefit payments(4,761)(8,843)
Fair value of plan assets at end of year$90,143 $85,595 
Schedule of Net Funded Status
The following table presents the funded status of the Pension Plan, included in other assets and other liabilities on the Consolidated Balance Sheets, as of December 31:
20252024
 (dollars in thousands)
Projected benefit obligation$(59,290)$(59,429)
Fair value of plan assets90,143 85,595 
Funded status$30,853 $26,166 
Schedule Of Changes In Unrecognized Pension And Postretirement Items
The following table summarizes the changes in the unrecognized net loss included as a component of AOCI:
 Unrecognized Net Loss  (Gain)
 Before taxNet of tax
 (dollars in thousands)
Balance as of December 31, 2023$5,320 $4,117 
Recognized as a component of 2024 periodic pension cost— — 
Unrecognized gains arising in 2024(9,417)(7,284)
Balance as of December 31, 2024(4,097)(3,167)
Recognized as a component of 2025 periodic pension cost— — 
Unrecognized gains arising in 2025(3,853)(2,949)
Balance as of December 31, 2025$(7,950)$(6,116)
Schedule Of Rates Used To Calculate Net Periodic Pension Costs And Present Value Of Benefit Obligations
The following rates were used to calculate the net periodic pension cost and the present value of benefit obligations as of December 31:
202520242023
Discount rate-projected benefit obligation5.14 %5.38 %4.73 %
Expected long-term rate of return on plan assets5.00 %5.00 %5.00 %
Schedule of Allocation of Plan Assets
The following table presents a summary of the fair values of the Pension Plan's assets as of December 31:
 20252024
 Estimated
Fair Value		% of Total
Assets		Estimated
Fair Value		% of Total
Assets
 (dollars in thousands)
Equity mutual funds$31,272 $31,369 
Equity common trust funds15,450 16,486 
Equity securities46,722 51.7 %47,855 55.9 %
Cash and money market funds9,802 5,534 
Fixed income mutual funds14,181 13,590 
Corporate debt securities4,840 4,090 
U.S. Government agency securities9,455 9,493 
Fixed income securities and cash38,278 42.4 %32,707 38.2 %
Other alternative investment funds5,351 5.9 %5,033 5.9 %
Total$90,351 100.0 %$85,595 100.0 %
Schedule of Expected Benefit Payments
Estimated future benefit payments are as follows (in thousands):
Year 
2026$4,906 
20274,900 
20284,878 
20294,831 
20304,756 
Thereafter22,641 
Total$46,912 
Other Postretirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost
The components of the net benefit for Postretirement Plan other than pensions are as follows:
202520242023
 (dollars in thousands)
Interest cost$35 $38 $42 
Net amortization and deferral(543)(541)(558)
Net postretirement benefit$(508)$(503)$(516)
Schedule of Changes in Accumulated Postemployment Benefit Obligations
This table summarizes the changes in the accumulated postretirement benefit obligation for the years ended December 31:
20252024
 (dollars in thousands)
Accumulated postretirement benefit obligation at beginning of year$753 $844 
Interest cost35 38 
Benefit payments(118)(135)
Change in experience(39)42 
Change in assumptions7 (36)
Accumulated postretirement benefit obligation at end of year$638 $753 
Schedule Of Changes In Unrecognized Pension And Postretirement Items
The following table summarizes the changes in items recognized as a component of accumulated other comprehensive income (loss):
 Before tax 
 Unrecognized
Prior Service
Cost		Unrecognized
Net Loss (Gain)		TotalNet of tax
 (dollars in thousands)
Balance as of December 31, 2023$(1,620)$(747)$(2,367)$(1,847)
Recognized as a component of 2024 postretirement cost464 77 541 422 
Unrecognized loss arising in 2024— 6 6 5 
Balance as of December 31, 2024(1,156)(664)(1,820)(1,420)
Recognized as a component of 2025 postretirement cost464 79 543 422 
Unrecognized gain arising in 2025— (32)(32)(24)
Balance as of December 31, 2025$(692)$(617)$(1,309)$(1,022)
Schedule Of Rates Used To Calculate Net Periodic Pension Costs And Present Value Of Benefit Obligations
The following rates were used to calculate net periodic postretirement benefit cost and the present value of benefit obligations as of December 31:
202520242023
Discount rate-projected benefit obligation5.14 %5.38 %4.73 %
Expected long-term rate of return on plan assets3.00 %3.00 %3.00 %
Schedule of Expected Benefit Payments
Estimated future benefit payments under the Postretirement Plan are as follows (dollars in thousands):
Year 
2026$110 
202799 
202888 
202978 
203068 
Thereafter226 
Total $669 
v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Lease Cost and Supplemental Information
The following table presents the components of lease expense, which is included in net occupancy expense on the Consolidated Statements of Income:
202520242023
(dollars in thousands)
Operating lease expense$27,852 $27,893 $19,372 
Variable lease expense3,966 3,147 3,160
Sublease income(851)(1,224)(1,111)
Total lease expense$30,967 $29,816 $21,421 
Supplemental cash flow information related to operating leases was as follows:
20252024
 (dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities$29,224 $25,161 
ROU assets obtained in exchange for lease obligations20,978 78,278 
Supplemental Balance Sheet Information
Supplemental Consolidated Balance Sheet information related to leases was as follows as of December 31:
Operating LeasesBalance Sheet Classification20252024
 (dollars in thousands)
ROU assetsOther assets$139,965 $140,997 
Lease liabilitiesOther liabilities$153,253 $154,176 
Weighted average remaining lease term9.04 years9.30 years
Weighted average discount rate5.90 %5.51 %
Lease Payment Obligations
Lease payment obligations for each of the next five years and thereafter, with a reconciliation to the Corporation's lease liability were as follows:
YearOperating Leases
(dollars in thousands)
2026$27,737 
202725,482 
202822,772 
202919,560 
203018,112
Thereafter89,922 
Total lease payments203,585 
Less: imputed interest(50,332)
Present value of lease liabilities$153,253 
On May 10, 2024, the Bank and Fulton Financial Realty Company, a wholly owned subsidiary of the Corporation, entered into the Sale-Leaseback Transaction for 40 financial center office locations for an aggregate cash purchase price of $55.4 million. The Bank entered into a lease for each of the locations sold in the Sale-Leaseback Transaction for an initial term of 15 years, with the option to extend the term of each for up to three successive terms of up to five years each. During the initial lease
terms, the base rental amount will increase annually at a rate of 2.25%. The Corporation recorded a pre-tax gain, after deduction of transaction-related expenses, of approximately $20.3 million in connection with the Sale-Leaseback Transaction. The properties are located in Pennsylvania, New Jersey, Delaware, and Maryland.
v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables present assets and liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets:
 2025
 Level 1Level 2Level 3Total
 (dollars in thousands)
Loans held for sale$— $16,316 $— $16,316 
AFS investment securities:
State and municipal securities— 826,693 — 826,693 
Corporate debt securities— 214,921 — 214,921 
Collateralized mortgage obligations— 1,040,078 — 1,040,078 
Residential mortgage-backed securities— 766,717 — 766,717 
Commercial mortgage-backed securities— 559,450 — 559,450 
Total AFS investment securities— 3,407,859 — 3,407,859 
Other assets:
Investments held in Rabbi Trust39,395 — — 39,395 
Derivative assets891 128,816 — 129,707 
Total assets$40,286 $3,552,991 $— $3,593,277 
Other liabilities:
Deferred compensation liabilities$39,395 $— $— $39,395 
Derivative liabilities720 170,289 — 171,009 
Total liabilities$40,115 $170,289 $— $210,404 
 2024
 Level 1Level 2Level 3Total
 (dollars in thousands)
Loans held for sale$— $25,618 $— $25,618 
AFS investment securities:
State and municipal securities— 814,887 — 814,887 
Corporate debt securities— 300,370 — 300,370 
Collateralized mortgage obligations— 788,885 — 788,885 
Residential mortgage-backed securities— 989,875 — 989,875 
Commercial mortgage-backed securities— 516,882 — 516,882 
Total AFS investment securities— 3,410,899 — 3,410,899 
Other assets:
Investments held in Rabbi Trust35,093 — — 35,093 
Derivative assets1,682 159,939 — 161,621 
Total assets$36,775 $3,596,456 $— $3,633,231 
Other liabilities:
Deferred compensation liabilities$35,093 $— $— $35,093 
Derivative liabilities1,596 252,821 — 254,417 
Total liabilities$36,689 $252,821 $— $289,510 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis :
20252024
 (dollars in thousands)
Loans, Net$135,993 $168,668 
OREO1,365 2,621 
MSRs(1)
49,861 53,972 
SBA servicing asset2,256 3,120 
Total assets$189,475 $228,381 
(1) Amounts shown are estimated fair value. MSRs are recorded on the Corporation's Consolidated Balance Sheets at lower of amortized cost or fair value. See
"Note 8 - Mortgage Servicing Rights" for additional information.
Fair Value Measurement Inputs and Valuation Techniques Changes in any of those inputs, in isolation, could result in a significantly different fair value measurement, as depicted in the table below:
Significant InputScenario Shock% Change in Valuation
Prepayment Rate+ 15%(5)%
Prepayment Rate- 15%5%
Discount Rate- 200 bps10%
Discount Rate+ 200 bps(8)%
•SBA servicing asset – This category consists of the retained servicing rights on SBA-guaranteed loans sold to investors. The standard sale structure under the SBA Secondary Participation Guaranty Agreement provides for the Corporation to retain a portion of the cash flow from the interest payment received on the SBA guaranteed portion of the loan, which is commonly known as a servicing spread. A third-party valuation expert is utilized to perform the modeling to estimate the fair value of the SBA servicing asset. Because the valuation model uses significant unobservable inputs, the SBA servicing asset is classified within Level 3.
Details of Book Value and Fair Value of Financial Instruments
The following table details the book values and the estimated fair values of the Corporation's financial instruments as of December 31, 2025 and 2024. A general description of the methods and assumptions used to estimate such fair values is also provided.
 2025
Estimated Fair Value
Carrying AmountLevel 1Level 2Level 3Total
FINANCIAL ASSETS(dollars in thousands)
Cash and cash equivalents$1,061,609 $1,061,609 $— $— $1,061,609 
FRB and FHLB stock121,009 — 121,009 — 121,009 
Loans held for sale 16,316 — 16,316 — 16,316 
AFS investment securities 3,407,859 — 3,407,859 — 3,407,859 
HTM investment securities1,425,885 — 1,267,578 — 1,267,578 
Loans, net23,780,422 — — 22,590,142 22,590,142 
Accrued interest receivable113,698 113,698 — — 113,698 
Other assets 721,469 556,071 132,043 53,482 741,596 
FINANCIAL LIABILITIES
Demand and savings deposits$21,739,113 $21,739,113 $— $— $21,739,113 
Brokered deposits855,042 80,215 774,914 — 855,129 
Time deposits3,995,252 — 3,991,203 — 3,991,203 
Accrued interest payable17,130 17,130 — — 17,130 
FHLB advances250,000 251,991 — — 251,991 
Senior debt and subordinated debt367,637 — 351,870 — 351,870 
Other borrowings679,738 654,238 916 — 655,154 
Other liabilities 247,490 62,228 170,290 14,972 247,490 
2024
Estimated Fair Value
Carrying AmountLevel 1Level 2Level 3Total
FINANCIAL ASSETS(dollars in thousands)
Cash and cash equivalents$1,063,871 $1,063,871 $— $— $1,063,871 
FRB and FHLB stock139,574 — 139,574 — 139,574 
Loans held for sale25,618 — 25,618 — 25,618 
AFS investment securities3,410,899 — 3,410,899 — 3,410,899 
HTM investment securities1,395,569 — 1,183,449 — 1,183,449 
Loans, net23,665,763 — — 22,555,687 22,555,687 
Accrued interest receivable117,029 117,029 — — 117,029 
Other assets736,502 543,251 159,939 59,713 762,903 
FINANCIAL LIABILITIES
Demand and savings deposits$21,135,478 $21,135,478 $— $— $21,135,478 
Brokered deposits843,857 145,056 698,647 — 843,703 
Time deposits4,150,098 — 4,154,726 — 4,154,726 
Accrued interest payable31,620 31,620 — — 31,620 
FHLB advances850,000 851,470 — — 851,470 
Senior debt and subordinated debt367,316 — 253,818 — 253,818 
Other borrowings564,732 544,908 901 — 545,809 
Other liabilities467,011 200,029 252,821 14,161 467,011 
v3.25.4
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Summary of Outstanding Commitments to Extend Credit and Letters of Credit
The following table presents the Corporation's commitments to extend credit and letters of credit:
20252024
 (dollars in thousands)
Commercial and industrial$4,975,873 $4,967,334 
Real estate - commercial mortgage and real estate - construction1,477,796 1,706,879 
Real estate - home equity2,256,494 2,154,382 
Total commitments to extend credit$8,710,163 $8,828,595 
Standby letters of credit$311,697 $279,309 
Commercial letters of credit29,842 48,993 
Total letters of credit$341,539 $328,302 
v3.25.4
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents segment results as of December 31:
(dollars in thousands, except per-share data)
202520242023
Interest Income
Loans, including fees$1,395,992 $1,394,969 $1,156,373 
Investment securities187,152 136,650 101,518 
Other interest income33,730 50,577 15,345 
Total Interest Income1,616,874 1,582,196 1,273,236 
Interest Expense
Deposits514,693 521,859 292,205 
Federal funds purchased13 2,881 30,417 
FHLB advances24,535 37,793 46,965 
Senior debt and subordinated debt18,404 20,255 21,361 
Other borrowings and interest-bearing liabilities22,882 39,083 28,002 
Total Interest Expense580,527 621,871 418,950 
Net Interest Income1,036,347 960,325 854,286 
Provision for credit losses35,698 71,636 54,036 
Net Interest Income After Provision for Credit Losses1,000,649 888,689 800,250 
Total Non-Interest Income276,766 275,731 227,678 
Non-Interest Expense
Salaries and employee benefits443,546 432,821 377,417 
Data processing and software75,091 77,882 66,471 
Net occupancy68,125 69,359 58,019 
Other outside services49,902 60,586 47,724 
Intangible amortization22,462 17,830 2,944 
FDIC insurance20,178 23,829 25,565 
Equipment16,176 17,850 14,390 
Marketing9,288 8,958 9,004 
Professional fees5,493 10,857 8,392 
Acquisition-related expenses1,182 37,635 — 
Other80,386 62,184 69,281 
Total Non-Interest Expense791,829 819,791 679,207 
Income Before Income Taxes485,586 344,629 348,721 
Income taxes93,977 55,886 64,441 
Net Income391,609 288,743 284,280 
Preferred stock dividends(10,248)(10,248)(10,248)
Net Income Available to Common Shareholders$381,361 $278,495 $274,032 
Net income available to common shareholders per share (diluted)$2.08 $1.57 $1.64 
v3.25.4
Condensed Financial Information - Parent Company Only (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information Parent Only
CONDENSED BALANCE SHEETS
 December 31,
 20252024
(dollars in thousands)
ASSETS
Cash and cash equivalents$223,669 $78,566 
Other assets68,786 68,375 
Receivable from subsidiaries48,166 126,430 
Investments in:
Bank subsidiary3,530,379 3,309,613 
Non-bank subsidiaries51,856 47,666 
Total Assets$3,922,856 $3,630,650 
LIABILITIES AND EQUITY
Senior and subordinated debt$367,637 $367,316 
Other liabilities64,772 66,009 
Total Liabilities432,409 433,325 
Shareholders' equity3,490,447 3,197,325 
Total Liabilities and Shareholders' Equity$3,922,856 $3,630,650 
CONDENSED STATEMENTS OF INCOME 
202520242023
 (dollars in thousands)
Income:
Dividends from subsidiaries$300,000 $75,000 $300,000 
Other1,305 2,237 794 
301,305 77,237 300,794 
Expenses47,750 42,572 37,448 
Income before income taxes and equity in undistributed net income of subsidiaries253,555 34,665 263,346 
Income tax benefit(9,171)(9,070)(7,861)
262,726 43,735 271,207 
Equity in undistributed net income (loss) of:
Bank subsidiaries124,949 239,677 8,932 
Non-bank subsidiaries3,934 5,331 4,141 
Net Income391,609 288,743 284,280 
 Preferred stock dividends(10,248)(10,248)(10,248)
Net Income Available to Common Shareholders$381,361 $278,495 $274,032 
CONDENSED STATEMENTS OF CASH FLOWS
202520242023
 (dollars in thousands)
Cash Flows From Operating Activities:
Net Income$391,609 $288,743 $284,280 
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of issuance costs and discount of long-term debt321 710 750 
Stock-based compensation13,326 10,516 12,540 
Net change in other assets77,854 (83,081)(37,591)
Equity in undistributed net (income) loss of subsidiaries(135,820)(245,009)(13,073)
Net change in other liabilities and payables to non-bank subsidiaries(2,641)(4,504)(50,047)
Total adjustments(46,960)(321,368)(87,421)
Net cash provided by (used in) operating activities344,649 (32,625)196,859 
Cash Flows From Investing Activities— — — 
Cash Flows From Financing Activities:
Repayments of senior debt and subordinated debt— (168,778)(5,000)
Net proceeds from issuance of common stock7,709 270,582 3,160 
Dividends paid(141,207)(131,698)(115,738)
Acquisition of treasury stock(66,048)(30,348)(77,056)
Net cash used in financing activities(199,546)(60,242)(194,634)
Net increase (decrease) in Cash and Cash Equivalents145,103 (92,867)2,225 
Cash and Cash Equivalents at Beginning of Year78,566 171,433 169,208 
Cash and Cash Equivalents at End of Year$223,669 $78,566 $171,433 
v3.25.4
Summary of Significant Accounting Policies Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Property, Plant and Equipment [Line Items]        
Days past due for nonaccrual status 90 days      
Increase in ACL $ 364,462 $ 379,156 $ 293,404 $ 269,366
Change in retained earnings 2,024,618 1,775,620    
Change in ACL for certain OBS credit exposure $ 800 1,200    
Financing receivable, obtaining certified third-party appraisal for impaired loans, period 12 months      
Extension term of leases 5 years      
Business Combination [Abstract]        
Foreign currency open position $ 500      
Building and Building Improvements        
Property, Plant and Equipment [Line Items]        
Property, plant and equipment, useful life 50 years      
Furniture and Fixtures        
Property, Plant and Equipment [Line Items]        
Property, plant and equipment, useful life 8 years      
Equipment        
Property, Plant and Equipment [Line Items]        
Property, plant and equipment, useful life 7 years      
Consumer Loan        
Property, Plant and Equipment [Line Items]        
Number of days closed end consumer loans are charged off when they become past due 120 days      
Number of days open end consumer loans are charged off when they become past due 180 days      
Residential mortgage        
Property, Plant and Equipment [Line Items]        
Change in ACL for certain OBS credit exposure $ 1,400 $ 1,500    
Employee Equity Plan        
Business Combination [Abstract]        
Award vesting period 3 years      
Directors' Plan        
Business Combination [Abstract]        
Award vesting period 1 year      
Minimum        
Property, Plant and Equipment [Line Items]        
Remaining lease term of operating leases 1 year      
Maximum        
Property, Plant and Equipment [Line Items]        
Remaining lease term of operating leases 20 years      
v3.25.4
Business Combinations - Narrative (Details)
$ in Thousands
 12 Months Ended
Nov. 24, 2025
Apr. 26, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Business Combination [Line Items]          
Acquisition-related expenses     $ 1,182 $ 37,635 $ 0
Republic First Bank          
Business Combination [Line Items]          
Acquisition-related expenses     100 $ 37,600  
Republic First Bank          
Business Combination [Line Items]          
Business Combination, Recognized Asset Acquired, Asset   $ 4,799,890      
Business combination, Cash Payment Received from FDIC   800,000      
Business Combination, Recognized Liability Assumed, Liability   5,561,979      
Business Combination, Bargain Purchase, Gain Recognized, Amount, Net of Tax   $ 36,996      
Blue Foundry Bancorp          
Business Combination [Line Items]          
Business Combination, Consideration, Equity Interest, Conversion Ratio 0.650        
Business Combination, Separately Recognized Transaction, Acquisition-Related Cost, Expensed     $ 1,100    
Business Combination, Separately Recognized Transaction, Acquisition-Related Cost, Expensed, Statement of Income or Comprehensive Income [Extensible Enumeration]     Acquisition-related expenses    
v3.25.4
Business Combinations - Schedule of Consideration Transferred and Fair Value of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
 12 Months Ended
Apr. 26, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Business Combination, Pro Forma Information [Line Items]        
Business Combination, Bargain Purchase, Gain, Recognized Statement Of Income Or Comprehensive Income, Extensible Enumeration, Not Disclosed Flag   Gain on acquisition, before income taxes    
Business Combination, Bargain Purchase, Gain Recognized, Amount   $ 0 $ 36,996 $ 0
Republic First Bank        
Business Combination, Pro Forma Information [Line Items]        
Payments to Acquire Businesses, Gross $ 809,920      
Business Combination, Recognized Asset Acquired, Cash and Cash Equivalent 208,451      
Business Combination, Recognized Asset Acquired, Investment in Debt and Equity Securities, Current 1,938,571      
Business Combination, Acquired Receivable, Purchased without Credit Deterioration, Fair Value 2,495,810      
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived 92,600      
Business Combination, recognized assets acquired and liabiliities assumed, FHLB stock 37,931      
Business Combination, Recognized Asset Acquired, Property, Plant, and Equipment 184      
Business Combination, Recognized Asset Acquired, Receivable, Current 16,164      
Business Combination, Recognized Asset Acquired, Other Asset, Noncurrent 10,179      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total 4,799,890      
Business Combination, Recognized Liability Assumed, Financial Liability 4,112,143      
Business Combination, Recognized Liability Assumed, Long-Term Debt, Noncurrent 1,413,751      
Business Combination, Recognized Liability Assumed, Other Liability, Noncurrent 2,641      
Business Combination, Recognized Liability Assumed, Other Liability, Current 33,444      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total 5,561,979      
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net, Total (762,089)      
Business Combination, Bargain Purchase, Gain Recognized, Amount 47,831      
Business Combination, Bargain Purchase, Gain Recognized, Amount, Net of Tax $ 36,996      
v3.25.4
Restrictions on Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Cash and Due from Banks [Abstract]    
Collateral $ 27.0 $ 4.0
v3.25.4
Investment Securities Schedule of Amortized Cost and Fair Values of Investment Securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Available for Sale    
Amortized Cost $ 3,635,352 $ 3,719,516
Gross Unrealized Gains 20,357 5,888
Gross Unrealized Losses (247,850) (314,505)
Estimated Fair Value 3,407,859 3,410,899
Held to Maturity    
Amortized Cost 1,425,885 1,395,569
Gross Unrealized Gains 4,978  
Gross Unrealized Losses (163,285)  
Estimated Fair Value 1,267,578  
State and municipal securities    
Available for Sale    
Amortized Cost 951,764 960,227
Gross Unrealized Gains 326 106
Gross Unrealized Losses (125,397) (145,446)
Estimated Fair Value 826,693 814,887
Held to Maturity    
Amortized Cost   1,395,569
Gross Unrealized Gains   2
Gross Unrealized Losses   (212,122)
Estimated Fair Value   1,183,449
Corporate debt securities    
Available for Sale    
Amortized Cost 219,699 313,681
Gross Unrealized Gains 1,302 1,123
Gross Unrealized Losses (6,080) (14,434)
Estimated Fair Value 214,921 300,370
Collateralized mortgage obligations    
Available for Sale    
Amortized Cost 1,034,548 798,157
Gross Unrealized Gains 12,758 4,629
Gross Unrealized Losses (7,228) (13,901)
Estimated Fair Value 1,040,078 788,885
Residential mortgage-backed securities    
Available for Sale    
Amortized Cost 781,966 1,029,846
Gross Unrealized Gains 5,891 30
Gross Unrealized Losses (21,140) (40,001)
Estimated Fair Value 766,717 989,875
Held to Maturity    
Amortized Cost 573,636 537,856
Gross Unrealized Gains 4,978 2
Gross Unrealized Losses (44,093) (60,162)
Estimated Fair Value 534,521 477,696
Commercial mortgage-backed securities    
Available for Sale    
Amortized Cost 647,375 617,605
Gross Unrealized Gains 80 0
Gross Unrealized Losses (88,005) (100,723)
Estimated Fair Value 559,450 516,882
Held to Maturity    
Amortized Cost 852,249 857,713
Gross Unrealized Gains 0 0
Gross Unrealized Losses (119,192) (151,960)
Estimated Fair Value $ 733,057 $ 705,753
v3.25.4
Investment Securities Narrative (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
May 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Schedule of Investments [Line Items]        
HTM, at amortized cost   $ 1,425,885 $ 1,395,569  
Estimated Fair Value   1,267,578    
Proceeds from sales of AFS investment securities $ 345,700 14,966 2,300,487 $ 213,424
Gross Realized Losses $ (20,300) (665) (20,462) $ (1,016)
Collateral Pledged        
Schedule of Investments [Line Items]        
Available-for-sale securities pledged as collateral   $ 400,000 300,000  
State and municipal securities        
Schedule of Investments [Line Items]        
HTM, at amortized cost     1,395,569  
Estimated Fair Value     $ 1,183,449  
v3.25.4
Investment Securities Schedule of Amortized Cost and Fair Values of Debt Securities by Contractual Maturities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Available for Sale    
Due in one year or less $ 5,833  
Due from one year to five years 115,046  
Due from five years to ten years 221,196  
Due after ten years 829,388  
Amortized cost, before securities without debt maturities 1,171,463  
Amortized Cost 3,635,352 $ 3,719,516
Estimated Fair Value    
Due in one year or less 5,832  
Due from one year to five years 113,951  
Due from five years to ten years 217,061  
Due after ten years 704,770  
Available for sale securities, debt maturities, before securities without single maturities 1,041,614  
Estimated Fair Value 3,407,859 3,410,899
Amortized Cost    
Due in one year or less 0  
Due from one year to five years 0  
Due from five years to ten years 0  
Due after ten years 0  
Debt securities, held-to-maturity, maturity, allocated and single maturity date, amortized cost, total 0  
Amortized Cost 1,425,885 1,395,569
Estimated Fair Value    
Due in one year or less 0  
Due from one year to five years 0  
Due from five years to ten years 0  
Due after ten years 0  
Debt securities, held-to-maturity, maturity, Allocated and single maturity date, fair value   0
Estimated Fair Value 1,267,578  
Residential mortgage-backed securities    
Available for Sale    
Available-for-sale securities, amortized cost without single maturity date 781,966  
Amortized Cost 781,966 1,029,846
Estimated Fair Value    
Available-for-sale securities, debt maturities, without single maturity date, fair value 766,717  
Estimated Fair Value 766,717 989,875
Amortized Cost    
Debt securities, held-to-maturity, maturity, without single maturity date, amortized cost 573,636  
Amortized Cost 573,636 537,856
Estimated Fair Value    
Debt securities, held-to-maturity, maturity, without single maturity date, fair value 534,521  
Estimated Fair Value 534,521 477,696
Commercial mortgage-backed securities    
Available for Sale    
Available-for-sale securities, amortized cost without single maturity date 647,375  
Amortized Cost 647,375 617,605
Estimated Fair Value    
Available-for-sale securities, debt maturities, without single maturity date, fair value 559,450  
Estimated Fair Value 559,450 516,882
Amortized Cost    
Debt securities, held-to-maturity, maturity, without single maturity date, amortized cost 852,249  
Amortized Cost 852,249 857,713
Estimated Fair Value    
Debt securities, held-to-maturity, maturity, without single maturity date, fair value 733,057  
Estimated Fair Value 733,057 705,753
Collateralized mortgage obligations    
Available for Sale    
Available-for-sale securities, amortized cost without single maturity date 1,034,548  
Amortized Cost 1,034,548 798,157
Estimated Fair Value    
Available-for-sale securities, debt maturities, without single maturity date, fair value 1,040,078  
Estimated Fair Value 1,040,078 $ 788,885
Amortized Cost    
Debt securities, held-to-maturity, maturity, without single maturity date, amortized cost 0  
Estimated Fair Value    
Debt securities, held-to-maturity, maturity, without single maturity date, fair value $ 0  
v3.25.4
Investment Securities Summary of Gains and Losses from Equity and Debt Securities, and Losses from Other-than-Temporary Impairment (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
May 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]        
Gross Realized Gains   $ 663 $ 179 $ 283
Gross Realized Losses $ (20,300) (665) (20,462) (1,016)
Net Gains (Losses)   $ (2) $ (20,283) $ (733)
v3.25.4
Investment Securities Gross Unrealized Losses and Fair Values of Investments by Category and Length of Time in a Continuous Unrealized Loss Position (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Security
Dec. 31, 2024
USD ($)
Security
Available for Sale    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 139,615 $ 1,143,727
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (836) (15,221)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 1,730,263 1,776,769
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (247,014) (299,284)
Debt Securities, Available-for-sale, Unrealized Loss Position 1,869,878 2,920,496
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (247,850) $ (314,505)
Debt securities, available for sale, number of positions | Security 576 600
Held to Maturity    
Estimated Fair Value, Less Than 12 Months $ 0 $ 155,726
Unrealized Losses, Less Than 12 Months 0 (1,754)
Estimated Fair Value, 12 Months or Longer 1,008,554 1,008,973
Unrealized Losses, 12 Months or Longer (163,285) (210,368)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value 1,008,554 1,164,699
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss $ (163,285) $ (212,122)
Debt securities, held-to-maturity, number of positions | Security 180 180
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 16 78
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 0 7
State and municipal securities    
Available for Sale    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 10,532 $ 53,026
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (127) (1,692)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 776,597 755,310
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (125,270) (143,754)
Debt Securities, Available-for-sale, Unrealized Loss Position 787,129 808,336
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (125,397) $ (145,446)
Debt securities, available for sale, number of positions | Security 277 272
Held to Maturity    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 3 22
Corporate debt securities    
Available for Sale    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 22,911 $ 4,844
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (329) (13)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 145,563 264,099
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (5,751) (14,421)
Debt Securities, Available-for-sale, Unrealized Loss Position 168,474 268,943
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (6,080) $ (14,434)
Debt securities, available for sale, number of positions | Security 21 47
Held to Maturity    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 5 1
Collateralized mortgage obligations    
Available for Sale    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 19,806 $ 288,871
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (128) (3,463)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 74,446 85,485
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (7,100) (10,438)
Debt Securities, Available-for-sale, Unrealized Loss Position 94,252 374,356
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (7,228) $ (13,901)
Debt securities, available for sale, number of positions | Security 72 77
Held to Maturity    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 1 12
Residential mortgage-backed securities    
Available for Sale    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 34,766 $ 777,695
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (97) (9,178)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 240,422 174,284
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (21,043) (30,823)
Debt Securities, Available-for-sale, Unrealized Loss Position 275,188 951,979
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (21,140) $ (40,001)
Debt securities, available for sale, number of positions | Security 75 69
Held to Maturity    
Estimated Fair Value, Less Than 12 Months $ 0 $ 155,726
Unrealized Losses, Less Than 12 Months 0 (1,754)
Estimated Fair Value, 12 Months or Longer 275,497 303,220
Unrealized Losses, 12 Months or Longer (44,093) (58,408)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value 275,497 458,946
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss $ (44,093) $ (60,162)
Debt securities, held-to-maturity, number of positions | Security 120 120
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 3 42
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 0 7
Commercial mortgage-backed securities    
Available for Sale    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 51,600 $ 19,291
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (155) (875)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 493,235 497,591
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (87,850) (99,848)
Debt Securities, Available-for-sale, Unrealized Loss Position 544,835 516,882
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (88,005) $ (100,723)
Debt securities, available for sale, number of positions | Security 131 135
Held to Maturity    
Estimated Fair Value, Less Than 12 Months $ 0 $ 0
Unrealized Losses, Less Than 12 Months 0 0
Estimated Fair Value, 12 Months or Longer 733,057 705,753
Unrealized Losses, 12 Months or Longer (119,192) (151,960)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value 733,057 705,753
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss $ (119,192) $ (151,960)
Debt securities, held-to-maturity, number of positions | Security 60 60
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 4 1
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 0 0
v3.25.4
Loans and Allowance for Credit Losses - Summary Of Gross Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total $ 24,144,884 $ 24,044,919
Real estate - commercial mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 9,820,944 9,601,858
Commercial and Industrial    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 4,539,060 4,605,589
Real estate – residential mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 6,669,993 6,349,643
Real estate - home equity    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 1,242,831 1,160,616
Real estate - construction    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 970,298 1,394,899
Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 564,349 616,856
Leases and other loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 337,409 315,458
Leases and other loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 337,409 315,458
Unearned income $ 36,800 $ 35,600
v3.25.4
Loans and Allowance for Credit Losses - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans and leases receivable, related parties $ 169,900 $ 166,200
Proceeds from related party debt 29,900  
Repayments of related party debt $ 26,200  
Impaired loans with principal balances 88.00% 90.00%
Interest income on non-accrual loans $ 2,800 $ 1,000
Borrowers with loan modifications, commitments to lend additional funds 0  
Non-accrual loans with no related allowance for credit losses 72,368 105,173
Decrease in criticized and classified loans $ (378,900)  
Percentage decrease in criticized and classified loans (20.60%)  
Minimum    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Impaired loan balances allocated reserves $ 1,000  
Impaired loans balances, real estate as collateral $ 1,000 $ 1,000
v3.25.4
Loans and Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Receivables [Abstract]        
Increase in ACL $ 364,462 $ 379,156 $ 293,404 $ 269,366
Reserve for OBS credit exposures $ 14,972 $ 14,161    
v3.25.4
Loans and Allowance for Credit Losses - Activity in the Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Allowance for Loan and Lease Losses [Roll Forward]      
Beginning balance $ 379,156 $ 293,404 $ 269,366
Loans charged off (78,198) (54,429) (39,201)
Recoveries of loans previously charged off 28,617 9,984 10,129
Net loans (charged off) recovered (49,581) (44,445) 29,072
Provision for credit losses 35,698 71,636 54,036
Ending balance 364,462 379,156 293,404
Increase in ACL 364,462 379,156 293,404
Republic First Bank      
Allowance for Loan and Lease Losses [Roll Forward]      
Provision for Other Credit Losses 0 23,444 0
Initial PCD allowance for credit losses 0 54,631 0
Financing Receivable      
Allowance for Loan and Lease Losses [Roll Forward]      
Provision for credit losses 34,887 52,122 53,110
Unfunded Loan Commitment      
Allowance for Loan and Lease Losses [Roll Forward]      
Provision for credit losses 811 (3,930) 926
Off-Balance Sheet      
Allowance for Loan and Lease Losses [Roll Forward]      
Beginning balance (14,161) 17,254  
Ending balance 14,972 (14,161) 17,254
Increase in ACL $ 14,972 $ (14,161) $ 17,254
v3.25.4
Loans and Allowance for Credit Losses - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance $ 379,156 $ 293,404 $ 269,366
Loans charged off 78,198 54,429 39,201
Recoveries of loans previously charged off 28,617 9,984 10,129
Net loans recovered (charged off) (49,581) (44,445) 29,072
Provision for credit losses 35,698 71,636 54,036
Ending balance 364,462 379,156 293,404
Loans - Excluding OBS Credit Exposure      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance 379,156 293,404  
Financing Receivable, Provision Expense   23,444  
Allowance for credit losses at acquisition   54,631  
Loans charged off 78,198 54,429  
Recoveries of loans previously charged off 28,617 9,984  
Net loans recovered (charged off) (49,581) (44,445)  
Provision for credit losses 34,887 52,122  
Ending balance 364,462 379,156 293,404
Real estate - commercial mortgage | Loans - Excluding OBS Credit Exposure      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance 158,181 112,565  
Financing Receivable, Provision Expense   6,648  
Allowance for credit losses at acquisition   41,559  
Loans charged off 36,518 13,186  
Recoveries of loans previously charged off 5,447 603  
Net loans recovered (charged off) (31,071) (12,583)  
Provision for credit losses 30,192 9,992  
Ending balance 157,302 158,181 112,565
Commercial and Industrial | Loans - Excluding OBS Credit Exposure      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance 92,212 74,266  
Financing Receivable, Provision Expense   1,121  
Allowance for credit losses at acquisition   10,463  
Loans charged off 20,787 26,585  
Recoveries of loans previously charged off 18,377 4,440  
Net loans recovered (charged off) (2,410) (22,145)  
Provision for credit losses (12,062) 28,507  
Ending balance 77,740 92,212 74,266
Real estate - home equity | Loans - Excluding OBS Credit Exposure      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance 19,397 17,604  
Financing Receivable, Provision Expense   445  
Allowance for credit losses at acquisition   357  
Loans charged off 8,817 8,490  
Recoveries of loans previously charged off 3,146 3,357  
Net loans recovered (charged off) (5,671) (5,133)  
Provision for credit losses 9,300 6,124  
Ending balance 23,026 19,397 17,604
Real estate – residential mortgage | Loans - Excluding OBS Credit Exposure      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance 81,331 73,286  
Financing Receivable, Provision Expense   14,920  
Allowance for credit losses at acquisition   565  
Loans charged off 1,053 1,472  
Recoveries of loans previously charged off 640 472  
Net loans recovered (charged off) (413) (1,000)  
Provision for credit losses 8,043 (6,440)  
Ending balance 88,961 81,331 73,286
Real estate - construction | Loans - Excluding OBS Credit Exposure      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance 25,140 12,295  
Financing Receivable, Provision Expense   310  
Allowance for credit losses at acquisition   1,687  
Loans charged off 5,386 0  
Recoveries of loans previously charged off 227 382  
Net loans recovered (charged off) (5,159) 382  
Provision for credit losses (9,085) 10,466  
Ending balance 10,896 25,140 12,295
Leases and other loans | Loans - Excluding OBS Credit Exposure      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance 2,895 3,388  
Financing Receivable, Provision Expense   0  
Allowance for credit losses at acquisition   0  
Loans charged off 5,637 4,696  
Recoveries of loans previously charged off 780 730  
Net loans recovered (charged off) (4,857) (3,966)  
Provision for credit losses 8,499 3,473  
Ending balance $ 6,537 $ 2,895 $ 3,388
v3.25.4
Loans and Allowance for Credit Losses - Total Non-Accrual Loans by Class Segment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Impaired Financing Receivables [Line Items]    
Unpaid principal balance, with related allowance $ 81,504 $ 84,120
Non-accrual loans with no related allowance for credit losses 72,368 105,173
Unpaid Principal Balance 153,872 189,293
Total 24,144,884 24,044,919
Real estate - commercial mortgage    
Impaired Financing Receivables [Line Items]    
Unpaid principal balance, with related allowance 27,437 31,654
Non-accrual loans with no related allowance for credit losses 44,613 67,843
Unpaid Principal Balance 72,050 99,497
Total 9,820,944 9,601,858
Commercial - secured    
Impaired Financing Receivables [Line Items]    
Unpaid principal balance, with related allowance 19,822 17,011
Non-accrual loans with no related allowance for credit losses 24,281 25,206
Unpaid Principal Balance 44,103 42,217
Real estate – residential mortgage    
Impaired Financing Receivables [Line Items]    
Unpaid principal balance, with related allowance 25,423 23,387
Non-accrual loans with no related allowance for credit losses 2,328 2,013
Unpaid Principal Balance 27,751 25,400
Total 6,669,993 6,349,643
Real estate - home equity    
Impaired Financing Receivables [Line Items]    
Unpaid principal balance, with related allowance 7,126 8,513
Non-accrual loans with no related allowance for credit losses 0 78
Unpaid Principal Balance 7,126 8,591
Total 1,242,831 1,160,616
Real estate - construction    
Impaired Financing Receivables [Line Items]    
Unpaid principal balance, with related allowance 1,661 1,746
Non-accrual loans with no related allowance for credit losses 0 0
Unpaid Principal Balance 1,661 1,746
Total 970,298 1,394,899
Consumer    
Impaired Financing Receivables [Line Items]    
Unpaid principal balance, with related allowance 3 8
Non-accrual loans with no related allowance for credit losses 0 0
Unpaid Principal Balance 3 8
Total 564,349 616,856
Leases and other loans    
Impaired Financing Receivables [Line Items]    
Unpaid principal balance, with related allowance 32 1,801
Non-accrual loans with no related allowance for credit losses 1,146 10,033
Unpaid Principal Balance 1,178 11,834
Total $ 337,409 $ 315,458
v3.25.4
Loans and Allowance for Credit Losses - Credit Quality Indicators (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Total      
Total $ 24,144,884 $ 24,044,919  
Current period gross charge-offs (78,198) (54,429) $ (39,201)
Current period recoveries 28,617 9,984 $ 10,129
Real estate - commercial mortgage      
Total      
Total 9,820,944 9,601,858  
Commercial and Industrial      
Total      
Total 4,539,060 4,605,589  
Real estate - home equity      
Total      
Total 1,242,831 1,160,616  
Real estate – residential mortgage      
Total      
Total 6,669,993 6,349,643  
Consumer      
Total      
Total 564,349 616,856  
Leases and other loans      
Total      
Total 337,409 315,458  
Portfolio Segment and Loan Class      
2021      
Total 1,746,969 1,286,860  
2020      
Total 1,442,493 2,032,639  
2019      
Total 1,906,743 2,210,556  
2018      
Total 1,875,404 1,976,780  
2017      
Total 1,666,358 1,476,712  
Prior      
Total 5,036,650 4,569,991  
Revolving Loans Amortized Cost Basis      
Total 1,735,645 1,782,925  
Total      
Total 15,424,968 15,383,443  
Portfolio Segment and Loan Class | Pass      
2021      
Total 1,720,693 1,256,865  
2020      
Total 1,381,996 1,879,088  
2019      
Total 1,731,580 1,808,587  
2018      
Total 1,646,837 1,615,041  
2017      
Total 1,423,179 1,354,603  
Prior      
Total 4,533,408 4,140,549  
Revolving Loans Amortized Cost Basis      
Total 1,526,739 1,475,751  
Total      
Total 13,967,524 13,547,095  
Portfolio Segment and Loan Class | Special Mention      
2021      
Total 21,902 14,369  
2020      
Total 33,149 92,293  
2019      
Total 61,456 249,862  
2018      
Total 87,442 245,540  
2017      
Total 124,958 34,516  
Prior      
Total 227,106 165,731  
Revolving Loans Amortized Cost Basis      
Total 103,346 128,918  
Total      
Total 666,538 931,542  
Portfolio Segment and Loan Class | Substandard or Lower      
2021      
Total 4,374 15,626  
2020      
Total 27,348 61,258  
2019      
Total 113,707 152,107  
2018      
Total 141,125 116,199  
2017      
Total 118,221 87,593  
Prior      
Total 276,136 263,711  
Revolving Loans Amortized Cost Basis      
Total 105,560 178,256  
Total      
Total 790,906 904,806  
Portfolio Segment and Loan Class | Real estate - commercial mortgage      
2021      
Total 897,622 633,014  
Current period gross charge-offs 0 0  
2020      
Total 803,695 1,016,309  
Current period gross charge-offs 0 (126)  
2019      
Total 1,253,429 1,390,901  
Current period gross charge-offs (1,315) (84)  
2018      
Total 1,290,785 1,569,160  
Current period gross charge-offs (20,232) 0  
2017      
Total 1,410,953 1,181,456  
Current period gross charge-offs (7,990) 0  
Prior      
Total 4,085,772 3,715,159  
Current period gross charge-offs (6,981) (12,950)  
Revolving Loans Amortized Cost Basis      
Total 78,688 82,300  
Current period gross charge-offs 0 0  
Total      
Total 9,820,944 9,601,858  
Current period gross charge-offs (36,518) (13,186)  
Portfolio Segment and Loan Class | Real estate - commercial mortgage | Pass      
2021      
Total 885,851 623,742  
2020      
Total 769,334 898,296  
2019      
Total 1,120,033 1,138,669  
2018      
Total 1,127,104 1,316,000  
2017      
Total 1,185,319 1,077,625  
Prior      
Total 3,712,279 3,414,138  
Revolving Loans Amortized Cost Basis      
Total 76,848 69,942  
Total      
Total 8,876,768 8,548,058  
Portfolio Segment and Loan Class | Real estate - commercial mortgage | Special Mention      
2021      
Total 9,425 4,441  
2020      
Total 19,207 73,348  
2019      
Total 42,649 149,280  
2018      
Total 52,546 157,543  
2017      
Total 116,763 28,734  
Prior      
Total 171,308 107,099  
Revolving Loans Amortized Cost Basis      
Total 787 10,978  
Total      
Total 412,685 531,423  
Portfolio Segment and Loan Class | Real estate - commercial mortgage | Substandard or Lower      
2021      
Total 2,346 4,831  
2020      
Total 15,154 44,665  
2019      
Total 90,747 102,952  
2018      
Total 111,135 95,617  
2017      
Total 108,871 75,097  
Prior      
Total 202,185 193,922  
Revolving Loans Amortized Cost Basis      
Total 1,053 1,380  
Total      
Total 531,491 522,377  
Portfolio Segment and Loan Class | Commercial and Industrial      
2021      
Total 573,137 456,640  
Current period gross charge-offs (75) (612)  
2020      
Total 363,063 511,646  
Current period gross charge-offs (3,317) (3,709)  
2019      
Total 390,796 567,301  
Current period gross charge-offs (4,822) (2,560)  
2018      
Total 481,017 290,674  
Current period gross charge-offs (4,936) (4,587)  
2017      
Total 218,845 285,534  
Current period gross charge-offs (2,410) (317)  
Prior      
Total 892,698 793,002  
Current period gross charge-offs (4,449) (7,612)  
Revolving Loans Amortized Cost Basis      
Total 1,604,798 1,669,896  
Current period gross charge-offs (778) (3,553)  
Total      
Total 4,539,060 4,605,589  
Current period gross charge-offs (20,787) (26,585)  
Portfolio Segment and Loan Class | Commercial and Industrial | Pass      
2021      
Total 559,804 435,917  
2020      
Total 340,662 486,720  
2019      
Total 351,330 512,622  
2018      
Total 449,474 261,603  
2017      
Total 205,593 268,194  
Prior      
Total 766,308 684,931  
Revolving Loans Amortized Cost Basis      
Total 1,398,989 1,375,201  
Total      
Total 4,075,252 4,031,534  
Portfolio Segment and Loan Class | Commercial and Industrial | Special Mention      
2021      
Total 11,490 9,928  
2020      
Total 12,287 8,333  
2019      
Total 18,377 19,931  
2018      
Total 12,305 18,888  
2017      
Total 4,354 4,844  
Prior      
Total 52,719 58,632  
Revolving Loans Amortized Cost Basis      
Total 101,311 117,940  
Total      
Total 220,022 238,809  
Portfolio Segment and Loan Class | Commercial and Industrial | Substandard or Lower      
2021      
Total 1,843 10,795  
2020      
Total 10,114 16,593  
2019      
Total 21,089 34,748  
2018      
Total 19,238 10,183  
2017      
Total 8,898 12,496  
Prior      
Total 73,671 49,439  
Revolving Loans Amortized Cost Basis      
Total 104,498 176,755  
Total      
Total 243,786 335,246  
Portfolio Segment and Loan Class | Construction - Real Estate      
2021      
Total 100,875 197,206  
Current period gross charge-offs 0 0  
2020      
Total 237,241 504,684  
Current period gross charge-offs 0 0  
2019      
Total 190,981 252,354  
Current period gross charge-offs 0 0  
2018      
Total 69,431 116,946  
Current period gross charge-offs (5,286) 0  
2017      
Total 27,719 9,722  
Current period gross charge-offs 0 0  
Prior      
Total 49,149 61,830  
Current period gross charge-offs (100) 0  
Revolving Loans Amortized Cost Basis      
Total 52,159 30,729  
Current period gross charge-offs 0 0  
Total      
Total 727,555 1,175,996  
Current period gross charge-offs (5,386) 0  
Portfolio Segment and Loan Class | Construction - Real Estate | Pass      
2021      
Total 100,320 197,206  
2020      
Total 236,045 494,072  
2019      
Total 190,065 157,296  
2018      
Total 40,427 37,438  
2017      
Total 24,082 8,784  
Prior      
Total 46,156 41,480  
Revolving Loans Amortized Cost Basis      
Total 50,902 30,608  
Total      
Total 687,997 967,503  
Portfolio Segment and Loan Class | Construction - Real Estate | Special Mention      
2021      
Total 555 0  
2020      
Total 1,196 10,612  
2019      
Total 0 80,651  
2018      
Total 21,286 69,109  
2017      
Total 3,381 938  
Prior      
Total 2,750 0  
Revolving Loans Amortized Cost Basis      
Total 1,248 0  
Total      
Total 30,416 161,310  
Portfolio Segment and Loan Class | Construction - Real Estate | Substandard or Lower      
2021      
Total 0 0  
2020      
Total 0 0  
2019      
Total 916 14,407  
2018      
Total 7,718 10,399  
2017      
Total 256 0  
Prior      
Total 243 20,350  
Revolving Loans Amortized Cost Basis      
Total 9 121  
Total      
Total 9,142 47,183  
Portfolio Segment and Loan Class | Leases and other loans      
2021      
Total 175,335    
Current period gross charge-offs (2,092)    
2020      
Total 38,494    
Current period gross charge-offs (1,153)    
2019      
Total 71,537    
Current period gross charge-offs (506)    
2018      
Total 34,171    
Current period gross charge-offs (289)    
2017      
Total 8,841    
Current period gross charge-offs (244)    
Prior      
Total 9,031    
Current period gross charge-offs (1,353)    
Revolving Loans Amortized Cost Basis      
Total 0    
Current period gross charge-offs 0    
Total      
Total 337,409    
Current period gross charge-offs (5,637)    
Portfolio Segment and Loan Class | Leases and other loans | Pass      
2021      
Total 174,718    
2020      
Total 35,955    
2019      
Total 70,152    
2018      
Total 29,832    
2017      
Total 8,185    
Prior      
Total 8,665    
Revolving Loans Amortized Cost Basis      
Total 0    
Total      
Total 327,507    
Portfolio Segment and Loan Class | Leases and other loans | Special Mention      
2021      
Total 432    
2020      
Total 459    
2019      
Total 430    
2018      
Total 1,305    
2017      
Total 460    
Prior      
Total 329    
Revolving Loans Amortized Cost Basis      
Total 0    
Total      
Total 3,415    
Portfolio Segment and Loan Class | Leases and other loans | Substandard or Lower      
2021      
Total 185    
2020      
Total 2,080    
2019      
Total 955    
2018      
Total 3,034    
2017      
Total 196    
Prior      
Total 37    
Revolving Loans Amortized Cost Basis      
Total 0    
Total      
Total 6,487    
Payment Activity, Aging Status      
2021      
Total 1,121,161 912,394  
2020      
Total 634,549 998,060  
2019      
Total 740,248 1,804,966  
2018      
Total 1,567,491 1,815,735  
2017      
Total 1,652,944 1,087,446  
Prior      
Total 1,918,571 1,082,486  
Revolving Loans Amortized Cost Basis      
Total 1,044,945 916,813  
Total      
Total 8,719,916 8,661,476  
Payment Activity, Aging Status | Performing      
2021      
Total 1,120,930 912,071  
2020      
Total 633,214 995,854  
2019      
Total 738,003 1,795,602  
2018      
Total 1,555,924 1,810,796  
2017      
Total 1,647,415 1,081,147  
Prior      
Total 1,885,604 1,038,004  
Revolving Loans Amortized Cost Basis      
Total 1,042,448 913,920  
Total      
Total 8,660,462 8,587,778  
Payment Activity, Aging Status | Nonperforming      
2021      
Total 231 323  
2020      
Total 1,335 2,206  
2019      
Total 2,245 9,364  
2018      
Total 11,567 4,939  
2017      
Total 5,529 6,299  
Prior      
Total 32,967 44,482  
Revolving Loans Amortized Cost Basis      
Total 2,497 2,893  
Total      
Total 59,454 73,698  
Payment Activity, Aging Status | Real estate - home equity      
2021      
Total 232,049 178,958  
Current period gross charge-offs (215) (118)  
2020      
Total 24,047 117,218  
Current period gross charge-offs (262) (1,016)  
2019      
Total 74,272 212,565  
Current period gross charge-offs (998) (1,552)  
2018      
Total 141,168 66,375  
Current period gross charge-offs (1,556) (790)  
2017      
Total 44,129 48,954  
Current period gross charge-offs (708) (398)  
Prior      
Total 206,563 193,013  
Current period gross charge-offs (4,505) (2,704)  
Revolving Loans Amortized Cost Basis      
Total 1,044,945 916,813  
Current period gross charge-offs (573) (75)  
Total      
Total 1,807,180 1,777,472  
Current period gross charge-offs (8,817) (8,490)  
Payment Activity, Aging Status | Real estate - home equity | Performing      
2021      
Total 231,952 178,722  
2020      
Total 23,963 116,370  
2019      
Total 74,129 211,647  
2018      
Total 140,759 65,412  
2017      
Total 43,561 48,201  
Prior      
Total 201,571 188,442  
Revolving Loans Amortized Cost Basis      
Total 1,042,448 913,920  
Total      
Total 1,795,307 1,763,098  
Payment Activity, Aging Status | Real estate - home equity | Nonperforming      
2021      
Total 97 236  
2020      
Total 84 848  
2019      
Total 143 918  
2018      
Total 409 963  
2017      
Total 568 753  
Prior      
Total 4,992 4,571  
Revolving Loans Amortized Cost Basis      
Total 2,497 2,893  
Total      
Total 11,873 14,374  
Payment Activity, Aging Status | Real estate – residential mortgage      
2021      
Total 724,639 471,005  
Current period gross charge-offs 0 0  
2020      
Total 537,313 729,988  
Current period gross charge-offs (19) (172)  
2019      
Total 664,581 1,520,639  
Current period gross charge-offs (201) (106)  
2018      
Total 1,422,637 1,730,223  
Current period gross charge-offs (294) (12)  
2017      
Total 1,608,815 1,027,639  
Current period gross charge-offs (161) (43)  
Prior      
Total 1,712,008 870,149  
Current period gross charge-offs (378) (888)  
Revolving Loans Amortized Cost Basis      
Total 0 0  
Current period gross charge-offs 0 0  
Total      
Total 6,669,993 6,349,643  
Current period gross charge-offs (1,053) (1,472)  
Payment Activity, Aging Status | Real estate – residential mortgage | Performing      
2021      
Total 724,505 470,918  
2020      
Total 536,668 728,630  
2019      
Total 662,479 1,515,521  
2018      
Total 1,412,885 1,726,991  
2017      
Total 1,603,854 1,022,116  
Prior      
Total 1,684,033 839,566  
Revolving Loans Amortized Cost Basis      
Total 0 0  
Total      
Total 6,624,424 6,303,742  
Payment Activity, Aging Status | Real estate – residential mortgage | Nonperforming      
2021      
Total 134 87  
2020      
Total 645 1,358  
2019      
Total 2,102 5,118  
2018      
Total 9,752 3,232  
2017      
Total 4,961 5,523  
Prior      
Total 27,975 30,583  
Revolving Loans Amortized Cost Basis      
Total 0 0  
Total      
Total 45,569 45,901  
Payment Activity, Aging Status | Leases and other loans      
2021      
Total   123,991  
Current period gross charge-offs   (1,977)  
2020      
Total   89,006  
Current period gross charge-offs   (913)  
2019      
Total   54,646  
Current period gross charge-offs   (335)  
2018      
Total   17,638  
Current period gross charge-offs   (334)  
2017      
Total   10,853  
Current period gross charge-offs   (192)  
Prior      
Total   19,324  
Current period gross charge-offs   (770)  
Revolving Loans Amortized Cost Basis      
Total   0  
Current period gross charge-offs   0  
Total      
Total   315,458  
Current period gross charge-offs   (4,696)  
Payment Activity, Aging Status | Leases and other loans | Performing      
2021      
Total   123,991  
2020      
Total   89,006  
2019      
Total   52,724  
2018      
Total   16,894  
2017      
Total   10,830  
Prior      
Total   9,996  
Revolving Loans Amortized Cost Basis      
Total   0  
Total      
Total   303,441  
Payment Activity, Aging Status | Leases and other loans | Nonperforming      
2021      
Total   0  
2020      
Total   0  
2019      
Total   1,922  
2018      
Total   744  
2017      
Total   23  
Prior      
Total   9,328  
Revolving Loans Amortized Cost Basis      
Total   0  
Total      
Total   12,017  
Payment Activity, Aging Status | Construction - other      
2021      
Total 164,473 138,440  
Current period gross charge-offs 0 0  
2020      
Total 73,189 61,848  
Current period gross charge-offs 0 0  
2019      
Total 1,395 17,116  
Current period gross charge-offs 0 0  
2018      
Total 3,686 1,499  
Current period gross charge-offs 0 0  
2017      
Total 0 0  
Current period gross charge-offs 0 0  
Prior      
Total 0 0  
Current period gross charge-offs 0 0  
Revolving Loans Amortized Cost Basis      
Total 0 0  
Current period gross charge-offs 0 0  
Total      
Total 242,743 218,903  
Current period gross charge-offs 0 0  
Payment Activity, Aging Status | Construction - other | Performing      
2021      
Total 164,473 138,440  
2020      
Total 72,583 61,848  
2019      
Total 1,395 15,710  
2018      
Total 2,280 1,499  
2017      
Total 0 0  
Prior      
Total 0 0  
Revolving Loans Amortized Cost Basis      
Total 0 0  
Total      
Total 240,731 217,497  
Payment Activity, Aging Status | Construction - other | Nonperforming      
2021      
Total 0 0  
2020      
Total 606 0  
2019      
Total 0 1,406  
2018      
Total 1,406 0  
2017      
Total 0 0  
Prior      
Total 0 0  
Revolving Loans Amortized Cost Basis      
Total 0 0  
Total      
Total 2,012 1,406  
Conversion to Term Loan | Portfolio Segment and Loan Class      
Revolving Loans Amortized Cost Basis      
Total 14,706 46,980  
Conversion to Term Loan | Portfolio Segment and Loan Class | Pass      
Revolving Loans Amortized Cost Basis      
Total 3,092 16,611  
Conversion to Term Loan | Portfolio Segment and Loan Class | Special Mention      
Revolving Loans Amortized Cost Basis      
Total 7,179 313  
Conversion to Term Loan | Portfolio Segment and Loan Class | Substandard or Lower      
Revolving Loans Amortized Cost Basis      
Total 4,435 30,056  
Conversion to Term Loan | Portfolio Segment and Loan Class | Real estate - commercial mortgage      
Revolving Loans Amortized Cost Basis      
Total 0 13,559  
Current period gross charge-offs 0 (26)  
Conversion to Term Loan | Portfolio Segment and Loan Class | Real estate - commercial mortgage | Pass      
Revolving Loans Amortized Cost Basis      
Total 0 9,646  
Conversion to Term Loan | Portfolio Segment and Loan Class | Real estate - commercial mortgage | Special Mention      
Revolving Loans Amortized Cost Basis      
Total 0 0  
Conversion to Term Loan | Portfolio Segment and Loan Class | Real estate - commercial mortgage | Substandard or Lower      
Revolving Loans Amortized Cost Basis      
Total 0 3,913  
Conversion to Term Loan | Portfolio Segment and Loan Class | Commercial and Industrial      
Revolving Loans Amortized Cost Basis      
Total 14,706 30,896  
Current period gross charge-offs 0 (3,635)  
Conversion to Term Loan | Portfolio Segment and Loan Class | Commercial and Industrial | Pass      
Revolving Loans Amortized Cost Basis      
Total 3,092 6,346  
Conversion to Term Loan | Portfolio Segment and Loan Class | Commercial and Industrial | Special Mention      
Revolving Loans Amortized Cost Basis      
Total 7,179 313  
Conversion to Term Loan | Portfolio Segment and Loan Class | Commercial and Industrial | Substandard or Lower      
Revolving Loans Amortized Cost Basis      
Total 4,435 24,237  
Conversion to Term Loan | Portfolio Segment and Loan Class | Construction - Real Estate      
Revolving Loans Amortized Cost Basis      
Total 0 2,525  
Current period gross charge-offs 0 0  
Conversion to Term Loan | Portfolio Segment and Loan Class | Construction - Real Estate | Pass      
Revolving Loans Amortized Cost Basis      
Total 0 619  
Conversion to Term Loan | Portfolio Segment and Loan Class | Construction - Real Estate | Special Mention      
Revolving Loans Amortized Cost Basis      
Total 0 0  
Conversion to Term Loan | Portfolio Segment and Loan Class | Construction - Real Estate | Substandard or Lower      
Revolving Loans Amortized Cost Basis      
Total 0 1,906  
Conversion to Term Loan | Portfolio Segment and Loan Class | Leases and other loans      
Revolving Loans Amortized Cost Basis      
Total 0    
Current period gross charge-offs 0    
Conversion to Term Loan | Portfolio Segment and Loan Class | Leases and other loans | Pass      
Revolving Loans Amortized Cost Basis      
Total 0    
Conversion to Term Loan | Portfolio Segment and Loan Class | Leases and other loans | Special Mention      
Revolving Loans Amortized Cost Basis      
Total 0    
Conversion to Term Loan | Portfolio Segment and Loan Class | Leases and other loans | Substandard or Lower      
Revolving Loans Amortized Cost Basis      
Total 0    
Conversion to Term Loan | Payment Activity, Aging Status      
Revolving Loans Amortized Cost Basis      
Total 40,007 43,576  
Conversion to Term Loan | Payment Activity, Aging Status | Performing      
Revolving Loans Amortized Cost Basis      
Total 36,924 40,384  
Conversion to Term Loan | Payment Activity, Aging Status | Nonperforming      
Revolving Loans Amortized Cost Basis      
Total 3,083 3,192  
Conversion to Term Loan | Payment Activity, Aging Status | Real estate - home equity      
Revolving Loans Amortized Cost Basis      
Total 40,007 43,576  
Current period gross charge-offs 0 (1,837)  
Conversion to Term Loan | Payment Activity, Aging Status | Real estate - home equity | Performing      
Revolving Loans Amortized Cost Basis      
Total 36,924 40,384  
Conversion to Term Loan | Payment Activity, Aging Status | Real estate - home equity | Nonperforming      
Revolving Loans Amortized Cost Basis      
Total 3,083 3,192  
Conversion to Term Loan | Payment Activity, Aging Status | Real estate – residential mortgage      
Revolving Loans Amortized Cost Basis      
Total 0 0  
Current period gross charge-offs 0 (251)  
Conversion to Term Loan | Payment Activity, Aging Status | Real estate – residential mortgage | Performing      
Revolving Loans Amortized Cost Basis      
Total 0 0  
Conversion to Term Loan | Payment Activity, Aging Status | Real estate – residential mortgage | Nonperforming      
Revolving Loans Amortized Cost Basis      
Total 0 0  
Conversion to Term Loan | Payment Activity, Aging Status | Leases and other loans      
Revolving Loans Amortized Cost Basis      
Total   0  
Current period gross charge-offs   (175)  
Conversion to Term Loan | Payment Activity, Aging Status | Leases and other loans | Performing      
Revolving Loans Amortized Cost Basis      
Total   0  
Conversion to Term Loan | Payment Activity, Aging Status | Leases and other loans | Nonperforming      
Revolving Loans Amortized Cost Basis      
Total   0  
Conversion to Term Loan | Payment Activity, Aging Status | Construction - other      
Revolving Loans Amortized Cost Basis      
Total 0 0  
Current period gross charge-offs 0 0  
Conversion to Term Loan | Payment Activity, Aging Status | Construction - other | Performing      
Revolving Loans Amortized Cost Basis      
Total 0 0  
Conversion to Term Loan | Payment Activity, Aging Status | Construction - other | Nonperforming      
Revolving Loans Amortized Cost Basis      
Total $ 0 $ 0  
v3.25.4
Loans and Allowance for Credit Losses - Non-Performing Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing Receivable, Nonaccrual $ 153,872 $ 189,293
Total 24,144,884 24,044,919
Total non-performing loans 183,796 220,074
OREO 1,365 2,621
Total non-performing assets 185,161 222,695
Mortgage loans in process of foreclosure 19,100 17,500
Financial Asset, Equal to or Greater than 90 Days Past Due    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Total $ 29,924 $ 30,781
v3.25.4
Loans and Allowance for Credit Losses - Past Due Loan Status and Non-Accrual Loans by Portfolio Segment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Past Due [Line Items]    
Total $ 24,144,884 $ 24,044,919
≥ 90 Days Past Due and Accruing 29,924 30,781
Non- accrual 153,872 189,293
Financial Asset, 30 to 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 98,869 115,714
Financial Asset, 60 to 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 36,001 34,218
Financial Asset, Not Past Due    
Financing Receivable, Past Due [Line Items]    
Total 23,826,218 23,674,913
Real estate - commercial mortgage    
Financing Receivable, Past Due [Line Items]    
Total 9,820,944 9,601,858
≥ 90 Days Past Due and Accruing 2,931 2,862
Non- accrual 72,050 99,497
Real estate - commercial mortgage | Financial Asset, 30 to 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 19,762 32,715
Real estate - commercial mortgage | Financial Asset, 60 to 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 17,757 16,684
Real estate - commercial mortgage | Financial Asset, Not Past Due    
Financing Receivable, Past Due [Line Items]    
Total 9,708,444 9,450,100
Commercial and Industrial    
Financing Receivable, Past Due [Line Items]    
Total 4,539,060 4,605,589
≥ 90 Days Past Due and Accruing 3,653 1,460
Non- accrual 44,103 42,217
Commercial and Industrial | Financial Asset, 30 to 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 5,023 6,031
Commercial and Industrial | Financial Asset, 60 to 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 4,563 3,636
Commercial and Industrial | Financial Asset, Not Past Due    
Financing Receivable, Past Due [Line Items]    
Total 4,481,718 4,552,245
Real estate – residential mortgage    
Financing Receivable, Past Due [Line Items]    
Total 6,669,993 6,349,643
≥ 90 Days Past Due and Accruing 17,818 20,501
Non- accrual 27,751 25,400
Real estate – residential mortgage | Financial Asset, 30 to 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 48,246 59,593
Real estate – residential mortgage | Financial Asset, 60 to 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 7,912 5,946
Real estate – residential mortgage | Financial Asset, Not Past Due    
Financing Receivable, Past Due [Line Items]    
Total 6,568,266 6,238,203
Real estate - home equity    
Financing Receivable, Past Due [Line Items]    
Total 1,242,831 1,160,616
≥ 90 Days Past Due and Accruing 3,958 4,758
Non- accrual 7,126 8,591
Real estate - home equity | Financial Asset, 30 to 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 15,646 6,778
Real estate - home equity | Financial Asset, 60 to 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 1,417 1,057
Real estate - home equity | Financial Asset, Not Past Due    
Financing Receivable, Past Due [Line Items]    
Total 1,214,684 1,139,432
Real estate - construction    
Financing Receivable, Past Due [Line Items]    
Total 970,298 1,394,899
≥ 90 Days Past Due and Accruing 606 0
Non- accrual 1,661 1,746
Real estate - construction | Financial Asset, 30 to 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 3,698 3,549
Real estate - construction | Financial Asset, 60 to 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 2,555 5,163
Real estate - construction | Financial Asset, Not Past Due    
Financing Receivable, Past Due [Line Items]    
Total 961,778 1,384,441
Consumer    
Financing Receivable, Past Due [Line Items]    
Total 564,349 616,856
≥ 90 Days Past Due and Accruing 788 1,017
Non- accrual 3 8
Consumer | Financial Asset, 30 to 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 6,334 6,779
Consumer | Financial Asset, 60 to 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 1,604 1,627
Consumer | Financial Asset, Not Past Due    
Financing Receivable, Past Due [Line Items]    
Total 555,620 607,425
Leases and other loans    
Financing Receivable, Past Due [Line Items]    
Total 337,409 315,458
≥ 90 Days Past Due and Accruing 170 183
Non- accrual 1,178 11,834
Leases and other loans | Financial Asset, 30 to 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 160 269
Leases and other loans | Financial Asset, 60 to 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total 193 105
Leases and other loans | Financial Asset, Not Past Due    
Financing Receivable, Past Due [Line Items]    
Total $ 335,708 $ 303,067
v3.25.4
Loans and Allowance for Credit Losses - Amortized Cost on Modified Loans (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 148,681 $ 36,992 $ 23,096
Extended Maturity and Interest Rate Reduction      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 3,014 2,365 910
Real estate - commercial mortgage      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 81,548 $ 20,501 $ 2,944
Real estate - commercial mortgage | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
% of Class of Financing Receivable 0.83% 0.21% 0.04%
Commercial and Industrial | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 30,493 $ 3,913 $ 11,970
% of Class of Financing Receivable 0.67% 0.08% 0.26%
Real estate – residential mortgage | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 5,814 $ 11,604 $ 8,182
% of Class of Financing Receivable 0.09% 0.18% 0.15%
Real estate – residential mortgage | Extended Maturity and Interest Rate Reduction      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 3,014 $ 2,365 $ 910
% of Class of Financing Receivable 0.05% 0.04% 0.02%
Home Equity Loan | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 372 $ 379 $ 0
% of Class of Financing Receivable 0.03% 0.03% 0.00%
Real estate - construction | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 30,454 $ 595 $ 0
Construction | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
% of Class of Financing Receivable 3.14% 0.04% 0.00%
v3.25.4
Loans and Allowance for Credit Losses - Term Extension on Modified Loans (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Real estate - commercial mortgage | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Loan modifications, added weighted average life (in years) 11 months 15 days 1 year 11 months 26 days 1 year 2 months 19 days
Commercial and Industrial | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Loan modifications, added weighted average life (in years) 1 year 3 days 8 months 1 day 11 months 1 day
Real estate – residential mortgage | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Loan modifications, added weighted average life (in years) 9 years 6 months 7 days 8 years 11 months 23 days 8 years 1 month 6 days
Real estate – residential mortgage | Extended Maturity and Interest Rate Reduction | Minimum      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Loan modification, reduced weighted-average interest rate 3.37% 2.35% 3.76%
Real estate – residential mortgage | Extended Maturity and Interest Rate Reduction | Maximum      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Loan modification, reduced weighted-average interest rate 1.41% 1.40% 2.30%
Home Equity Loan | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Loan modifications, added weighted average life (in years) 15 years 3 months 14 days 14 years 3 months 18 days  
Real estate - construction | Extended Maturity      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Loan modifications, added weighted average life (in years) 1 year 2 months 26 days 8 months 1 day  
v3.25.4
Loans and Allowance for Credit Losses - Performance of Loans Modified in Period (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial Asset, Not Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 144,390    
30-89 Days Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 933    
90+ Past Due and Accruing      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 123    
Financial assets, total past due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 7,305    
Non-accrual      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 6,249    
Real estate - commercial mortgage      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 81,548 $ 20,501 $ 2,944
Real estate - commercial mortgage | Financial Asset, Not Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 81,174    
Real estate - commercial mortgage | 30-89 Days Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 0    
Real estate - commercial mortgage | 90+ Past Due and Accruing      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 0    
Real estate - commercial mortgage | Financial assets, total past due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 375    
Real estate - commercial mortgage | Non-accrual      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 375    
Commercial and Industrial | Financial Asset, Not Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 27,667    
Commercial and Industrial | 30-89 Days Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 0    
Commercial and Industrial | 90+ Past Due and Accruing      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 0    
Commercial and Industrial | Financial assets, total past due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 2,826    
Commercial and Industrial | Non-accrual      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 2,826    
Real estate – residential mortgage | Financial Asset, Not Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 5,153    
Real estate – residential mortgage | 30-89 Days Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 933    
Real estate – residential mortgage | 90+ Past Due and Accruing      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 123    
Real estate – residential mortgage | Financial assets, total past due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 3,674    
Real estate – residential mortgage | Non-accrual      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 2,618    
Home Equity Loan | Financial Asset, Not Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 197    
Home Equity Loan | 30-89 Days Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 0    
Home Equity Loan | 90+ Past Due and Accruing      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 0    
Home Equity Loan | Financial assets, total past due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 175    
Home Equity Loan | Non-accrual      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 175    
Construction | Financial Asset, Not Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 30,199    
Construction | 30-89 Days Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 0    
Construction | 90+ Past Due and Accruing      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 0    
Construction | Financial assets, total past due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis 255    
Construction | Non-accrual      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
Amortization Cost Basis $ 255    
v3.25.4
Premises and Equipment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Total premises and equipment $ 508,640 $ 525,516
Less: Accumulated depreciation and amortization (333,400) (329,989)
Net premises and equipment 175,240 195,527
Land    
Property, Plant and Equipment [Line Items]    
Total premises and equipment 28,426 36,080
Buildings and improvements    
Property, Plant and Equipment [Line Items]    
Total premises and equipment 295,165 310,786
Furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total premises and equipment 178,401 173,778
Construction in progress    
Property, Plant and Equipment [Line Items]    
Total premises and equipment 6,648 4,872
Land and Building    
Property, Plant and Equipment [Line Items]    
Plant, property and equipment, period increase (decrease) $ (23,300) $ (23,300)
v3.25.4
Mortgage Servicing Rights Summary of Changes in Mortgage Servicing Rights (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Servicing Asset [Abstract]      
Estimated fair value of MSRs $ 49,900 $ 54,000 $ 49,700
Residential mortgage      
Amortized Cost:      
Balance at beginning of period 30,691 31,602 34,217
Originations of MSRs 3,596 3,758 2,475
Amortization (4,553) (4,669) (5,090)
Balance at end of period 29,734 30,691 31,602
Servicing Asset [Abstract]      
Beginning balance 0 0  
Estimated fair value of MSRs 49,861 53,972 49,696
Ending balance $ 0 $ 0 $ 0
v3.25.4
Mortgage Servicing Rights Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Servicing Assets at Amortized Value [Line Items]      
Loans serviced by unrelated third party $ 4,000,000 $ 4,100,000  
Estimated fair value of MSRs 49,900 54,000 $ 49,700
Non-interest income before investment securities gains 276,768 296,014 228,411
Mortgage banking      
Servicing Assets at Amortized Value [Line Items]      
Non-interest income before investment securities gains 14,477 13,943 10,388
Residential mortgage      
Servicing Assets at Amortized Value [Line Items]      
Estimated fair value of MSRs 49,861 53,972 49,696
Increase to valuation allowance 0 0 0
Amortization expense 4,553 4,669 5,090
Residential mortgage | Mortgage banking      
Servicing Assets at Amortized Value [Line Items]      
Non-interest income before investment securities gains $ 10,100 $ 10,200 $ 10,200
v3.25.4
Mortgage Servicing Rights - MSR Amortization Expense (Details) - Mortgage
$ in Thousands
Dec. 31, 2025
USD ($)
Servicing Assets at Amortized Value [Line Items]  
2026 $ 3,837
2027 3,371
2028 2,968
2029 2,626
2030 2,339
Thereafter 14,593
Total estimated amortization expense $ 29,734
v3.25.4
Goodwill and Intangible Assets (Details) - USD ($)
 12 Months Ended
Jul. 01, 2022
Dec. 31, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]      
Goodwill   $ 553,300,000 $ 553,300,000
Goodwill impairment charges   0  
Goodwill [Line Items]      
Amortizing intangible assets   106,196,000 106,196,000
Accumulated amortization   (46,546,000) (24,085,000)
Other Intangible Assets, Net   59,650,000  
Net intangibles     82,111,000
Prudential      
Goodwill [Line Items]      
Amortizing intangible assets   $ 58,200,000 $ 80,200,000
Prudential | Core Deposits      
Goodwill [Line Items]      
Amortization period of acquired intangible assets 7 years    
v3.25.4
Goodwill and Intangible Assets - Amortization (Details) - Prudential
$ in Thousands
Dec. 31, 2025
USD ($)
Intangible Asset, Acquired, Finite-Lived [Line Items]  
2026 $ 18,667
2027 15,066
2028 11,213
2029 7,717
2030 4,409
Thereafter 1,102
Total estimated amortization expense $ 58,174
v3.25.4
Deposits (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Deposits [Line Items]    
Noninterest-bearing demand $ 5,256,096,000 $ 5,499,760,000
Interest-bearing demand 7,970,188,000 7,843,604,000
Savings and money market accounts 8,512,829,000 7,792,114,000
Total demand and savings 21,739,113,000 21,135,478,000
Brokered deposits 855,042,000 843,857,000
Time deposits 3,995,252,000 4,150,098,000
Total Deposits 26,589,407,000 26,129,433,000
Time Deposits, $250,000 or More 1,100,000,000 1,000,000,000.0
Maturities of Time Deposits [Abstract]    
2022 3,528,876,000  
2023 291,166,000  
2024 114,925,000  
2025 12,464,000  
2026 8,151,000  
Thereafter 39,670,000  
Total 3,995,252,000 4,150,098,000
Certificates of Deposit    
Deposits [Line Items]    
Time Deposits, $100,000 or More $ 2,400,000,000 $ 2,500,000,000
v3.25.4
Borrowings - Schedule of Amount Outstanding (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Debt Disclosure [Abstract]    
Federal funds purchased $ 0 $ 0
FHLB advances 250,000 850,000
Other borrowings:    
Short-term promissory notes issued to customers and customer repurchase agreements 678,822 563,831
Other Borrowings, Other, Activity for Year, Maximum Outstanding at any Month End 1,282 1,155
Other borrowings 916 901
Total other borrowings 679,738 564,732
Borrowings, maximum amounts outstanding    
Federal funds purchased, maximum outstanding 0 125,000
Federal Home Loan Bank advances, maximum outstanding 800,000 1,706,621
Customer funding, maximum outstanding $ 686,669 $ 625,829
v3.25.4
Borrowings - Narrative (Details) - USD ($)
 1 Months Ended 12 Months Ended
Nov. 30, 2024
Jun. 30, 2015
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Jun. 30, 2018
Nov. 30, 2014
Debt Instrument [Line Items]                
Maximum borrowing capacity     $ 2,600,000,000          
Long-term line of credit     0          
Collateralized borrowings availability at discount window     3,900,000,000          
Collateralized borrowings availability at discount window, amount outstanding     0          
Repayments of senior debt     0 $ 168,778,000 $ 5,000,000      
Federal Home Loan Bank advances                
Debt Instrument [Line Items]                
Maximum borrowing capacity     250,000,000.0          
Unused borrowing capacity     7,100,000,000          
Debt instrument total borrowing capacity     11,600,000,000          
Letters of credit issued     4,200,000,000          
Senior Notes | 3.25% Senior Notes                
Debt Instrument [Line Items]                
Repayments of senior debt $ 168,800,000   $ 5,000,000.0          
Subordinated debt                
Debt Instrument [Line Items]                
Effective interest rate (as a percent)             4.69%  
Subordinated borrowings fixed rate (as a percent)   4.50%            
Subordinated debt | November 2024 Subordinated Debt                
Debt Instrument [Line Items]                
Stated interest rate (as a percent)               4.50%
Effective interest rate (as a percent)               4.87%
Subordinated debt | 3.25% Notes due 2030                
Debt Instrument [Line Items]                
Stated interest rate (as a percent)           3.25%    
Debt instrument, face amount           $ 200,000,000.0    
Effective interest rate (as a percent)           3.35%    
Subordinated debt | 3.75% Notes due 2035                
Debt Instrument [Line Items]                
Stated interest rate (as a percent)           3.75%    
Debt instrument, face amount           $ 175,000,000.0    
Effective interest rate (as a percent)           3.85%    
v3.25.4
Borrowings - Schedule of Senior and Subordinated Debts (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Senior debt and subordinated debt $ 367,637 $ 367,316
Subordinated debt    
Debt Instrument [Line Items]    
Senior debt and subordinated debt 370,000 370,000
Unamortized discounts and issuance costs    
Debt Instrument [Line Items]    
Senior debt and subordinated debt $ 2,363 $ 2,684
v3.25.4
Borrowings - Schedule of Debt Maturities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Debt Disclosure [Abstract]    
2023 $ 0  
2024 0  
2025 0  
2026 0  
2027 195,000  
Thereafter 175,000  
Unamortized discounts and issuance costs (2,363)  
Senior debt and subordinated debt $ 367,637 $ 367,316
v3.25.4
Derivative Financial Instruments Notional Amounts and Fair Values of Derivative Financial Instruments (Details)
Dec. 31, 2025
USD ($)
Security
Dec. 31, 2024
USD ($)
Security
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset $ 129,136,000 $ 159,250,000
Derivative Liability, Fair Value, Gross Liability (170,133,000) (254,332,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months 139,615,000 1,143,727,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (836,000) (15,221,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 1,730,263,000 1,776,769,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (247,014,000) (299,284,000)
Debt Securities, Available-for-sale, Unrealized Loss Position 1,869,878,000 2,920,496,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss (247,850,000) (314,505,000)
Estimated Fair Value, Less Than 12 Months 0 155,726,000
Unrealized Losses, Less Than 12 Months $ 0 $ (1,754,000)
Debt securities, held-to-maturity, number of positions | Security 180 180
Estimated Fair Value, 12 Months or Longer $ 1,008,554,000 $ 1,008,973,000
Unrealized Losses, 12 Months or Longer (163,285,000) (210,368,000)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value 1,008,554,000 1,164,699,000
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss $ (163,285,000) $ (212,122,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 16 78
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 0 7
Debt securities, available for sale, number of positions | Security 576 600
Residential mortgage-backed securities    
Derivatives, Fair Value [Line Items]    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 34,766,000 $ 777,695,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (97,000) (9,178,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 240,422,000 174,284,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (21,043,000) (30,823,000)
Debt Securities, Available-for-sale, Unrealized Loss Position 275,188,000 951,979,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss (21,140,000) (40,001,000)
Estimated Fair Value, Less Than 12 Months 0 155,726,000
Unrealized Losses, Less Than 12 Months $ 0 $ (1,754,000)
Debt securities, held-to-maturity, number of positions | Security 120 120
Estimated Fair Value, 12 Months or Longer $ 275,497,000 $ 303,220,000
Unrealized Losses, 12 Months or Longer (44,093,000) (58,408,000)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value 275,497,000 458,946,000
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss $ (44,093,000) $ (60,162,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 3 42
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 0 7
Debt securities, available for sale, number of positions | Security 75 69
Commercial mortgage-backed securities    
Derivatives, Fair Value [Line Items]    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 51,600,000 $ 19,291,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (155,000) (875,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 493,235,000 497,591,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (87,850,000) (99,848,000)
Debt Securities, Available-for-sale, Unrealized Loss Position 544,835,000 516,882,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss (88,005,000) (100,723,000)
Estimated Fair Value, Less Than 12 Months 0 0
Unrealized Losses, Less Than 12 Months $ 0 $ 0
Debt securities, held-to-maturity, number of positions | Security 60 60
Estimated Fair Value, 12 Months or Longer $ 733,057,000 $ 705,753,000
Unrealized Losses, 12 Months or Longer (119,192,000) (151,960,000)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value 733,057,000 705,753,000
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss $ (119,192,000) $ (151,960,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 4 1
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 0 0
Debt securities, available for sale, number of positions | Security 131 135
State and municipal securities    
Derivatives, Fair Value [Line Items]    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 10,532,000 $ 53,026,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (127,000) (1,692,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 776,597,000 755,310,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (125,270,000) (143,754,000)
Debt Securities, Available-for-sale, Unrealized Loss Position 787,129,000 808,336,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (125,397,000) $ (145,446,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 3 22
Debt securities, available for sale, number of positions | Security 277 272
Corporate debt securities    
Derivatives, Fair Value [Line Items]    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 22,911,000 $ 4,844,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (329,000) (13,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 145,563,000 264,099,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (5,751,000) (14,421,000)
Debt Securities, Available-for-sale, Unrealized Loss Position 168,474,000 268,943,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (6,080,000) $ (14,434,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 5 1
Debt securities, available for sale, number of positions | Security 21 47
Collateralized mortgage obligations    
Derivatives, Fair Value [Line Items]    
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months $ 19,806,000 $ 288,871,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss (128,000) (3,463,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer 74,446,000 85,485,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer (7,100,000) (10,438,000)
Debt Securities, Available-for-sale, Unrealized Loss Position 94,252,000 374,356,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss $ (7,228,000) $ (13,901,000)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | Security 1 12
Debt securities, available for sale, number of positions | Security 72 77
Interest Rate Locks with Customers    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Notional Amount $ 203,580,000 $ 171,933,000
Derivative Liability, Notional Amount 926,000 3,888,000
Derivative Asset, Fair Value, Gross Asset 563,000 389,000
Interest Rate Locks with Customers | Other Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability (6,000) (58,000)
Forward Commitments    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Notional Amount 0 51,250,000
Derivative Liability, Notional Amount 71,207,000 0
Derivative Asset, Fair Value, Gross Asset 0 363,000
Forward Commitments | Other Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability (156,000) 0
Interest Rate Swap With Customer [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Notional Amount 2,118,722,000 767,905,000
Derivative Liability, Notional Amount 2,747,758,000 3,976,294,000
Derivative Asset, Fair Value, Gross Asset 39,236,000 8,480,000
Derivative Instrument, Valuation Allowance 366,300 366,300
Interest Rate Swap With Customer [Member] | Other Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability (130,521,000) (239,058,000)
Interest Rate Swap With Counterparty [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Notional Amount 2,747,758,000 3,976,294,000
Derivative Liability, Notional Amount 2,118,722,000 767,905,000
Derivative Asset, Fair Value, Gross Asset 77,528,000 150,480,000
Interest Rate Swap With Counterparty [Member] | Other Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability (39,606,000) (10,734,000)
Interest Rate Swaps Used in Cash Flow Hedges [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Notional Amount 2,950,000,000 2,500,000,000
Derivative Liability, Notional Amount 0 1,400,000,000
Derivative Asset, Fair Value, Gross Asset 11,489,000 227,000
Interest Rate Swaps Used in Cash Flow Hedges [Member] | Other Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 0 (2,971,000)
Foreign Exchange Contracts with Customers    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Notional Amount 1,239,000 28,327,000
Derivative Liability, Notional Amount 13,007,000 693,000
Derivative Asset, Fair Value, Gross Asset 8,000 1,619,000
Foreign Exchange Contracts with Customers | Other Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability (714,000) (27,000)
Foreign Exchange Contracts with Correspondent Banks    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Notional Amount 14,424,000 4,059,000
Derivative Liability, Notional Amount 1,870,000 32,406,000
Derivative Asset, Fair Value, Gross Asset 883,000 63,000
Foreign Exchange Contracts with Correspondent Banks | Other Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability $ (6,000) $ (1,569,000)
v3.25.4
Derivative Financial Instruments Summary of Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative [Line Items]      
Amount of Gain (Loss) Recognized in OCI on Derivative $ 739,000 $ 590,000 $ 6,998,000
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges (15,708,000) (18,141,000) $ (19,995,000)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months 1,800,000    
Interest Rate Swap      
Derivative [Line Items]      
Amount of Gain (Loss) Recognized in OCI on Derivative 862,000 764,000  
Amount of Gain (Loss) Recognized in OCI Included Component 862,000 764,000  
Amount of Gain (Loss) Recognized in OCI Excluded Component 0 0  
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges (20,404,000) (23,453,000)  
Amount of Gain (Loss) Reclassified from AOCI into Income Included Component (20,404,000) (23,453,000)  
Amount of Gain (Loss) Reclassified from AOCI into Income Excluded Component 0 0  
Interest Rate Swap | Interest Income      
Derivative [Line Items]      
Amount of Gain (Loss) Recognized in OCI on Derivative 348,000 (10,261,000)  
Amount of Gain (Loss) Recognized in OCI Included Component 348,000 (10,261,000)  
Amount of Gain (Loss) Recognized in OCI Excluded Component 0 0  
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges (19,504,000) (29,899,000)  
Amount of Gain (Loss) Reclassified from AOCI into Income Included Component (19,504,000) (29,899,000)  
Amount of Gain (Loss) Reclassified from AOCI into Income Excluded Component 0 0  
Interest Rate Swap | Interest Expense      
Derivative [Line Items]      
Amount of Gain (Loss) Recognized in OCI on Derivative 514,000 11,025,000  
Amount of Gain (Loss) Recognized in OCI Included Component 514,000 11,025,000  
Amount of Gain (Loss) Recognized in OCI Excluded Component 0 0  
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges (900,000) 6,446,000  
Amount of Gain (Loss) Reclassified from AOCI into Income Included Component (900,000) 6,446,000  
Amount of Gain (Loss) Reclassified from AOCI into Income Excluded Component $ 0 $ 0  
v3.25.4
Derivative Financial Instruments Fair Value Gains and Losses on Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivatives, Fair Value [Line Items]      
Net fair value gains (losses) on derivative financial instruments $ 50 $ 1,500 $ (2,228)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other interest income, Other, Non-interest income before investment securities gains Other interest income, Other, Non-interest income before investment securities gains Other interest income, Other, Non-interest income before investment securities gains
Mortgage Banking Derivatives      
Derivatives, Fair Value [Line Items]      
Net fair value gains (losses) on derivative financial instruments $ (292) $ 1,090 $ (380)
Interest Rate Swap      
Derivatives, Fair Value [Line Items]      
Net fair value gains (losses) on derivative financial instruments 258 419 (1,855)
Foreign Exchange Contract      
Derivatives, Fair Value [Line Items]      
Net fair value gains (losses) on derivative financial instruments $ 84 $ (9) $ 7
v3.25.4
Derivative Financial Instruments Fair Value Option (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Option, Quantitative Disclosures [Line Items]    
Loans held for sale $ 16,316 $ 25,618
Mortgage Loans Held For Sale | Cost    
Fair Value, Option, Quantitative Disclosures [Line Items]    
Loans held for sale 16,005 25,316
Mortgage Loans Held For Sale | Fair value    
Fair Value, Option, Quantitative Disclosures [Line Items]    
Loans held for sale $ 16,316 $ 25,618
v3.25.4
Derivative Financial Instruments Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jan. 31, 2023
Interest Rate Contract, Terminated        
Derivative [Line Items]        
Unrealized losses reclassified to earnings $ 13.0 $ 27.9 $ 22.1  
Interest Rate Contract, Terminated | Cash Flow Hedging        
Derivative [Line Items]        
Derivative, notional amount       $ 1,000.0
Mortgage Loans Held For Sale        
Derivative [Line Items]        
Gains (losses) related to changes in fair values of mortgage loans held for sale $ 0.0 $ (0.1) $ 0.3  
v3.25.4
Derivative Financial Instruments Offsetting Derivative Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Offsetting Assets [Line Items]    
Derivative asset, fair value $ 129,136 $ 159,250
Financial Instruments (19,712) (12,802)
Derivative, Collateral, Obligation to Return Cash 0 0
Net Amount 109,424 146,448
Derivative liability, gross liability 170,133 254,332
Derivative liability, Collateral, Right to Reclaim Securities (31,201) (10,058)
Derivative liability, Collateral, Right to Reclaim Cash (54,200) (94,339)
Derivative liability, Net Amount 84,732 149,935
Interest Rate Swap    
Offsetting Assets [Line Items]    
Derivative asset, fair value 128,253 159,187
Financial Instruments (18,829) (12,739)
Derivative, Collateral, Obligation to Return Cash 0 0
Net Amount 109,424 146,448
Derivative liability, gross liability 170,127 252,763
Derivative liability, Collateral, Right to Reclaim Securities (30,318) (9,995)
Derivative liability, Collateral, Right to Reclaim Cash (54,200) (94,339)
Derivative liability, Net Amount 85,609 148,429
Foreign Exchange Contract    
Offsetting Assets [Line Items]    
Derivative asset, fair value 883 63
Financial Instruments (883) (63)
Derivative, Collateral, Obligation to Return Cash 0 0
Net Amount 0 0
Derivative liability, gross liability 6 1,569
Derivative liability, Collateral, Right to Reclaim Securities (883) (63)
Derivative liability, Collateral, Right to Reclaim Cash 0 0
Derivative liability, Net Amount $ (877) $ 1,506
v3.25.4
Regulatory Matters (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]    
Total amount available for payment of dividends $ 373,500  
Maximum allowed percentage of loans issued to a single affiliate 10.00%  
Maximum allowed percentage of loans issued to all affiliates 20.00%  
Total Capital (to Risk-Weighted Assets):    
Capital $ 3,716,146 $ 3,544,021
Capital to risk weighted assets 0.152 0.143
Capital required for capital adequacy $ 1,960,184 $ 1,986,754
Capital required for capital adequacy to risk weighted assets 0.080 0.080
Tier I Capital (to Risk-Weighted Assets):    
Tier one risk based capital $ 3,080,327 $ 2,866,143
Tier one risk based capital to risk weighted assets 0.126 0.115
Tier one risk based capital required for capital adequacy $ 1,470,138 $ 1,490,065
Tier one risk based capital required for capital adequacy to risk weighted assets 0.060 0.060
CET1 Capital (to Risk-Weighted Assets):    
Common equity tier 1 capital $ 2,887,449 $ 2,673,265
Common equity tier one capital ratio 0.118 0.108
Common equity tier one capital required for capital adequacy $ 1,102,603 $ 1,117,549
Common equity tier one capital required for capital adequacy to risk weighted assets 4.50% 4.50%
Tier I Leverage Capital (to Average Assets):    
Tier one leverage capital $ 3,080,327 $ 2,866,143
Tier one leverage capital to average assets 0.097 0.090
Tier one leverage capital required for capital adequacy $ 1,265,715 $ 1,269,248
Tier one leverage capital required for capital adequacy to average assets 0.040 0.040
Fulton Bank, N.A.    
Total Capital (to Risk-Weighted Assets):    
Capital $ 3,480,147 $ 3,338,891
Capital to risk weighted assets 0.143 0.135
Capital required for capital adequacy $ 1,951,104 $ 1,976,697
Capital required for capital adequacy to risk weighted assets 0.080 0.080
Capital required to be well capitalized $ 2,438,880 $ 2,470,871
Capital required to be well capitalized to risk weighted assets 0.100 0.100
Tier I Capital (to Risk-Weighted Assets):    
Tier one risk based capital $ 3,174,366 $ 3,029,881
Tier one risk based capital to risk weighted assets 0.130 0.123
Tier one risk based capital required for capital adequacy $ 1,463,328 $ 1,482,523
Tier one risk based capital required for capital adequacy to risk weighted assets 0.060 0.060
Tier one risk based capital required to be well capitalized $ 1,951,104 $ 1,976,697
Tier one risk based capital required to be well capitalized to risk weighted assets 0.080 0.080
CET1 Capital (to Risk-Weighted Assets):    
Common equity tier 1 capital $ 3,130,366 $ 2,985,881
Common equity tier one capital ratio 0.128 0.121
Common equity tier one capital required for capital adequacy $ 1,097,496 $ 1,111,892
Common equity tier one capital required for capital adequacy to risk weighted assets 4.50% 4.50%
Common equity tier one capital required to be well-capitalized $ 1,585,272 $ 1,606,066
Common equity tier one capital required to be well capitalized to risk weighted assets 6.50% 6.50%
Tier I Leverage Capital (to Average Assets):    
Tier one leverage capital $ 3,174,366 $ 3,029,881
Tier one leverage capital to average assets 0.101 0.096
Tier one leverage capital required for capital adequacy $ 1,262,175 $ 1,265,809
Tier one leverage capital required for capital adequacy to average assets 0.040 0.040
Tier one leverage capital required to be well capitalized $ 1,577,719 $ 1,582,261
Tier one leverage capital required to be well capitalized to average assets 0.050 0.050
v3.25.4
Income Taxes Expense (Benefit) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
U.S. $ 485,586 $ 344,629 $ 348,721
Current tax expense:      
Federal 84,652 66,817 49,707
State 13,493 12,256 11,137
Total 98,145 79,073 60,844
Deferred tax (benefit) expense:      
Federal (2,685) (20,248) 3,021
State (1,483) (2,939) 576
Total (4,168) (23,187) 3,597
U.S. federal 81,967 46,569 52,728
U.S. state and local 12,010 9,317 11,713
Total income tax expense (benefit) $ 93,977 $ 55,886 $ 64,441
v3.25.4
Income Taxes Effective Tax Rate (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
U.S. federal statutory tax rate $ 101,973 $ 72,372 $ 73,231
Low-income housing tax credits, net (4,051) (1,163) (4,716)
Other, net 6 29 24
Tax-exempt income on loans (9,875) (9,636) (8,445)
Tax-exempt income on securities (4,700) (5,224) (6,120)
Bargain purchase gain 0 (7,769) 0
Other 1,643 833 1,415
Domestic state and local income tax, net of federal 8,981 6,444 9,052
Total income tax expense (benefit) $ 93,977 $ 55,886 $ 64,441
Percent      
U.S. federal statutory tax rate 21.00% 21.00% 21.00%
Low-income housing tax credits, net (0.80%) (0.30%) (1.30%)
Other, net 0.00% 0.00% 0.00%
Tax-exempt income on loans (2.00%) (2.80%) (2.40%)
Tax-exempt income on securities (1.00%) (1.50%) (1.80%)
Bargain purchase gain 0.00% (2.30%) 0.00%
Other 0.30% 0.20% 0.40%
Domestic state and local income tax, net of federal 1.90% 1.90% 2.60%
Effective income tax rate 19.40% 16.20% 18.50%
v3.25.4
Income Taxes Deferred Tax Assets And Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Allowance for credit losses $ 89,053 $ 90,148
Unrealized holding losses on securities 62,962 85,516
Lease liability 35,969 34,921
State loss carryforwards 27,964 26,118
Other accrued expenses 14,908 16,142
Deferred compensation 12,683 11,138
Stock-based compensation 5,042 5,458
Intangible assets 4,403 5,889
New Jersey FAS 109 deduction 2,412 2,412
Other 6,916 5,032
Total gross deferred tax assets 262,312 282,774
Deferred tax liabilities:    
Equipment lease financing 50,366 45,644
Right-of-use-asset 32,875 31,960
Acquisition premiums/discounts 8,999 16,360
MSRs 6,978 6,952
Postretirement and defined benefit plans 7,320 5,560
Tax credit investments 1,241 2,033
Premises and equipment 0 736
Total gross deferred tax liabilities 107,779 109,245
Net deferred tax asset, before valuation allowance 154,533 173,529
Valuation allowance (27,964) (26,118)
Net deferred tax asset 126,569 147,411
State and local operating loss carryforwards $ 416,800 $ 389,300
v3.25.4
Income Taxes Unrecognized Benefit (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of Unrecognized Tax Benefits [Roll Forward]      
Balance at beginning of year $ 1,060,000 $ 1,044,000 $ 1,228,000
Current period tax positions 114,000 120,000 147,000
Lapse of statute of limitations (82,000) (104,000) (331,000)
Balance at end of year 1,092,000 1,060,000 $ 1,044,000
Unrecognized tax benefits that would impact effective tax rate 131,000    
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense Recovery (45,000) (168,000)  
Income tax penalties and interest accrued $ 133,000 $ 177,000  
v3.25.4
Income Taxes TCIs and Related Unfunded Commitments (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Affordable housing tax credit investments, net $ 218,810 $ 211,572  
Other tax credit investments, net 35,652 29,649  
Total TCIs, net 254,462 241,221  
Unfunded affordable housing tax credit commitments 78,702 84,572  
Other tax credit liabilities 29,551 24,109  
Total unfunded tax credit commitments and liabilities 108,253 108,681  
Tax credits and benefits (32,143) (26,762) $ (28,748)
Amortization of tax credits and benefits, net of tax benefits 27,536 25,069 23,446
Deferred tax expense 566 559 610
Total reduction in income tax expense $ (4,041) $ (1,134) $ (4,692)
Investment, Proportional Amortization Method, Elected, Statement of Financial Position [Extensible Enumeration] Other assets Other assets  
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration] Income tax benefit Income tax benefit Income tax benefit
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Cash Flows [Extensible Enumeration] Increase (Decrease) In Tax Credit Investments Increase (Decrease) In Tax Credit Investments Increase (Decrease) In Tax Credit Investments
v3.25.4
Income Taxes - Income Taxes Paid (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. federal, net of refunds $ 96,396 $ 11,656 $ 10,423
Total U.S. state and local, net of refunds 16,292 11,107 8,017
Total income taxes paid 112,688 22,763 18,440
New Jersey      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total U.S. state and local, net of refunds 8,110 5,638 3,671
Maryland      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total U.S. state and local, net of refunds 5,508 2,488 2,329
Delaware      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total U.S. state and local, net of refunds 2,452 2,476 1,939
Other      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total U.S. state and local, net of refunds $ 222 $ 505 $ 78
v3.25.4
Net Income Per Common Share (Details) - shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]      
Weighted average common shares outstanding (basic) 181,621 175,523 165,241
Impact of common stock equivalents 1,668 1,700 1,528
Weighted average common shares outstanding (diluted) 183,289 177,223 166,769
v3.25.4
Shareholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
May 01, 2024
Oct. 29, 2020
Dec. 31, 2025
Dec. 31, 2024
Dec. 16, 2025
Dec. 17, 2024
Dec. 31, 2023
Dec. 19, 2023
Equity, Class of Treasury Stock [Line Items]                
Preferred stock, shares authorized (in shares)     10,000,000 10,000,000        
Preferred stock, shares issued (in shares)     200,000 200,000        
Preferred stock, liquidation preference (in dollars per share)     $ 1,000 $ 1,000        
May 2024 Common Stock                
Equity, Class of Treasury Stock [Line Items]                
Sale of Stock, Price Per Share $ 15.00              
Sale of Stock, Number of Shares Issued in Transaction 19,166,667              
Sale of Stock, Consideration Received on Transaction $ 272,600              
Residential mortgage                
Equity, Class of Treasury Stock [Line Items]                
Valuation Allowance for Impairment of Recognized Servicing Assets, Balance     $ 0 $ 0     $ 0  
2025 Share Repurchase Program                
Equity, Class of Treasury Stock [Line Items]                
Average cost per share of treasury stock acquired (usd per share)     $ 18.16          
Stock Repurchased During Period, Shares     3,300,000          
2024 Share Repurchase Program                
Equity, Class of Treasury Stock [Line Items]                
Average cost per share of treasury stock acquired (usd per share)       $ 15.69        
Stock Repurchased During Period, Shares       1,900,000        
Depositary Shares                
Equity, Class of Treasury Stock [Line Items]                
Equivalent interest in share (as a percent)   2.50%            
Depositary Shares                
Equity, Class of Treasury Stock [Line Items]                
Stock issued (in shares)   8,000,000.0            
Preferred stock, shares authorized (in shares)   200,000            
Preferred stock, shares issued (in shares)   200,000            
Preferred stock, liquidation preference (in dollars per share)   $ 25.00            
Series A Preferred Stock                
Equity, Class of Treasury Stock [Line Items]                
Preferred stock dividend rate (as a percent)   5.125%            
Preferred stock, liquidation preference (in dollars per share)   $ 1,000            
Aggregate offering amount   $ 200,000            
Series A Preferred Stock | 2026 Share Repurchase Program                
Equity, Class of Treasury Stock [Line Items]                
Treasury stock, value         $ 25,000      
Common Stock | 2026 Share Repurchase Program                
Equity, Class of Treasury Stock [Line Items]                
Treasury stock, value         $ 150,000      
Common Stock | 2025 Share Repurchase Program                
Equity, Class of Treasury Stock [Line Items]                
Treasury stock, value           $ 125,000    
Common Stock | 2024 Share Repurchase Program                
Equity, Class of Treasury Stock [Line Items]                
Treasury stock, value               $ 125,000
Preferred Stock | 2025 Share Repurchase Program                
Equity, Class of Treasury Stock [Line Items]                
Treasury stock, value           $ 25,000    
Stock Repurchased During Period, Value     $ 59,700          
Preferred Stock | 2024 Share Repurchase Program                
Equity, Class of Treasury Stock [Line Items]                
Treasury stock, value               $ 25,000
Stock Repurchased During Period, Value       $ 30,300        
v3.25.4
Shareholders' Equity - Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Before-Tax Amount      
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment and Tax $ 84,428 $ (28,993) $ 46,572
Reclassification adjustment for securities gains included in net income 2 20,283 (733)
Amortization of net unrealized losses on available for sale securities transferred to held to maturity 6,897 7,251 7,644
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges 862 764 9,048
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges 20,404 23,453 25,850
Other comprehensive income, pension and other postretirement benefit plans, net unamortized gain (loss) arising during period, before tax 3,693 9,411 6,162
Recognized as a component of postretirement costs, prior service cost, before tax (554) (541) 73
Other Comprehensive Income (Loss), before Tax, Total 115,732 31,628 94,616
Tax Effect      
Net unrealized gains on investment securities (19,815) 6,568 (10,549)
Reclassification adjustment for securities gains included in net income 0 (4,594) 166
Amortization of net unrealized gains (losses) on AFS transferred to HTM (1,224) (1,642) (1,731)
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges (123) (174) (2,050)
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges (4,696) (5,312) (5,855)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax (867) (2,132) (1,385)
Amortization of net unrecognized pension and postretirement income 130 119 (16)
Other Comprehensive Income (Loss), Tax (26,595) (7,167) (21,420)
Other comprehensive income, net of tax:      
Net unrealized gains on investment securities 64,613 (22,425) 36,023
Reclassification adjustment for securities gains (losses) included in net income 2 15,689 (567)
Amortization of net unrealized gains (losses) on AFS transferred to HTM 5,673 5,609 5,913
Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges 739 590 6,998
Reclassification adjustment for net gains realized in net income on interest rate derivatives used in cash flow hedges 15,708 18,141 19,995
Unrecognized pension and postretirement income 2,826 7,279 4,777
Amortization of net unrecognized pension and postretirement items (424) (422) 57
Total Other Comprehensive Income $ 89,137 $ 24,461 $ 73,196
v3.25.4
Shareholders' Equity - Changes in Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Beginning Balance $ 3,197,325 $ 2,760,139 $ 2,579,757
Amortization of net unrealized gains on AFS investment securities transferred to HTM 5,673 5,609 5,913
Ending Balance 3,490,447 3,197,325 2,760,139
Unrealized Gains (Losses) on Investment Securities      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Beginning Balance (275,989) (274,862) (316,231)
OCI before reclassifications 64,613 (22,425) 36,023
Amounts reclassified from AOCI 2 15,689 (567)
Amortization of net unrealized gains on AFS investment securities transferred to HTM 5,673 5,609 5,913
Ending Balance (205,701) (275,989) (274,862)
Net Unrealized Gains (Losses) on Interest Rate Derivatives used in Cash Flow Hedges      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Beginning Balance (16,052) (34,783) (61,776)
OCI before reclassifications 739 590 6,998
Amounts reclassified from AOCI 15,708 18,141 19,995
Amortization of net unrealized gains on AFS investment securities transferred to HTM 0 0 0
Ending Balance 395 (16,052) (34,783)
Unrecognized Pension and Postretirement Plan Income (Costs)      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Beginning Balance 4,222 (2,635) (7,469)
OCI before reclassifications 0 7,279 4,777
Amounts reclassified from AOCI 2,402 (422) 57
Amortization of net unrealized gains on AFS investment securities transferred to HTM 0 0 0
Ending Balance 6,624 4,222 (2,635)
Accumulated Other Comprehensive (Loss) Income      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Beginning Balance (287,819) (312,280) (385,476)
OCI before reclassifications 65,352 (14,556) 47,798
Amounts reclassified from AOCI 18,112 33,408 19,485
Amortization of net unrealized gains on AFS investment securities transferred to HTM 5,673 5,609 5,913
Ending Balance $ (198,682) $ (287,819) $ (312,280)
v3.25.4
Shareholders' Equity - Common Stock Repurchase Plans (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 17, 2024
Dec. 19, 2023
Equity, Class of Treasury Stock [Line Items]          
Common stock repurchase amount $ 59,087 $ 30,348 $ 77,056    
2024 Share Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Average cost per share of treasury stock acquired (usd per share)   $ 15.69      
2025 Share Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Average cost per share of treasury stock acquired (usd per share) $ 18.16        
Common Stock | 2024 Share Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Treasury stock, value         $ 125,000
Common Stock | 2025 Share Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Treasury stock, value       $ 125,000  
Preferred Stock | 2024 Share Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Treasury stock, value         $ 25,000
Preferred Stock | 2025 Share Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Treasury stock, value       $ 25,000  
v3.25.4
Stock-Based Compensation Plans Compensation Expense and Related Tax Benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation $ 13,326 $ 10,516 $ 12,540
Stock Options And Restricted Stock      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation 13,684 10,907 11,265
Tax benefit (3,110) (2,466) (2,484)
Total stock-based compensation, net of tax $ 10,574 $ 8,441 $ 8,781
v3.25.4
Stock-Based Compensation Plans - Schedule of Stock Options Exercised (Details) - Stock Options - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock Issued During Period, Value, Stock Options Exercised $ 0 $ 39,310 $ 68,134
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value 0 116,000 249,000
Proceeds from Stock Options Exercised 0 496,000 805,000
Share-based Payment Arrangement, Exercise of Option, Tax Benefit $ 0 $ 23,000 $ 47,000
v3.25.4
Stock-Based Compensation Plans Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Tax benefits as a percentage of compensation expense 22.70% 22.60% 22.10%
U.S. federal statutory tax rate 21.00% 21.00% 21.00%
Total unrecognized compensation cost $ 14.2    
Weighted average period for recognition of compensation expense 1 year 11 months 12 days    
Percentage of fair value at purchase date 85.00%    
Discount from market price, purchase date 15.00%    
Employee Option Plan [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares reserved for future grants under the stock option and compensation plan 3,200,000    
Directors' Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares reserved for future grants under the stock option and compensation plan 256,200    
Restricted Stock/RSUs/PSUs      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected life of options 3 years 3 years 3 years
Weighted average grant date fair value, options granted (in dollars per share) $ 16.73 $ 19.59 $ 10.63
v3.25.4
Stock-Based Compensation Plans Nonvested (Details) - Restricted Stock/RSUs/PSUs
 12 Months Ended
Dec. 31, 2025
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Nonvested as of December 31, 2024 | shares 2,702,997
Granted | shares 1,057,072
Vested | shares (796,124)
Forfeited | shares (87,395)
Nonvested as of December 31, 2025 | shares 2,876,550
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Weighted Average Grant Date Fair Value [Roll Forward]  
Nonvested as of December 31, 2020 (usd per share) | $ / shares $ 14.57
Granted (usd per share) | $ / shares 17.03
Vested (usd per share) | $ / shares 15.38
Forfeited (usd per share) | $ / shares 15.42
Nonvested as of December 31, 2021 (usd per share) | $ / shares $ 15.22
v3.25.4
Stock-Based Compensation Plans Assumptions (Details) - Restricted Stock/RSUs/PSUs
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Risk-free interest rate 3.66% 4.75% 3.84%
Volatility of Corporation’s stock 32.92% 30.54% 35.63%
Expected life of options 3 years 3 years 3 years
v3.25.4
Stock-Based Compensation Plans ESPP (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]      
ESPP shares purchased 131,062 133,019 162,667
Average purchase price per share (85% of market value) $ 15.44 $ 14.55 $ 11.68
Compensation expense recognized (in thousands) $ 357 $ 342 $ 348
v3.25.4
Employee Benefit Plans Benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Retirement plan and pension plan, total $ 13,228 $ 12,703 $ 12,394
Other Postretirement Benefit Plan      
Defined Benefit Plan Disclosure [Line Items]      
Pension Plan (508) (503) (516)
Other Postretirement Benefit Plan | 401k Plan      
Defined Benefit Plan Disclosure [Line Items]      
401(k) Retirement Plan $ 14,069 13,739 11,930
Maximum percentage of eligible employee’s covered compensation 5.00%    
Percentage of plan vested 100.00%    
Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Pension Plan $ (841) $ (1,036) $ 464
v3.25.4
Employee Benefit Plans Net Periodic Benefit Cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pension Plans      
Defined Benefit Plan Disclosure [Line Items]      
Interest cost $ 3,070 $ 3,159 $ 3,269
Expected return on assets (3,911) (3,903) (3,436)
Net amortization and deferral 0 0 631
Gain on settlement 0 (292) 0
Pension Plan (841) (1,036) 464
Other Postretirement Benefit Plans      
Defined Benefit Plan Disclosure [Line Items]      
Interest cost 35 38 42
Net amortization and deferral 543 541 558
Pension Plan $ (508) $ (503) $ (516)
v3.25.4
Employee Benefit Plans Projected Benefit Obligation (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at beginning of year $ 85,595,000    
Fair value of plan assets at end of year 90,351,000 $ 85,595,000  
Pension Plans      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Projected benefit obligation at beginning of year 59,429,000 68,952,000  
Interest cost 3,070,000 3,159,000 $ 3,269,000
Benefit payments (4,761,000) (8,843,000)  
Change in assumptions 1,196,000 (4,323,000)  
Experience gain 356,000 484,000  
Projected benefit obligation at end of year 59,290,000 59,429,000 68,952,000
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at beginning of year 85,595,000 84,659,000  
Actual return on plan assets 9,309,000 9,779,000  
Fair value of plan assets at end of year 90,143,000 85,595,000 84,659,000
Other Postretirement Benefit Plans      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Projected benefit obligation at beginning of year 753,000 844,000  
Interest cost 35,000 38,000 42,000
Benefit payments (118,000) (135,000)  
Change in assumptions 7,000 (36,000)  
Experience gain 39,000 (42,000)  
Projected benefit obligation at end of year 638,000 753,000 $ 844,000
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at beginning of year 0    
Fair value of plan assets at end of year $ 0 $ 0  
v3.25.4
Employee Benefit Plans Funded Status (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Fair value of plan assets $ 90,351 $ 85,595  
Pension Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Projected benefit obligation (59,290) (59,429) $ (68,952)
Fair value of plan assets 90,143 85,595 $ 84,659
Funded status $ 30,853 $ 26,166  
v3.25.4
Employee Benefit Plans Unrecognized loss (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Before tax      
Recognized as a component of postretirement costs, prior service cost, before tax $ (554) $ (541) $ 73
Pension Plans      
Before tax      
Beginning balance, defined benefit plan, before tax (4,097) 5,320  
Unrecognized loss, net loss (gain), before tax 3,853 9,417  
Recognized as a component of postretirement costs, before tax 0 0  
Ending balance, defined benefit plan, before tax (7,950) (4,097) 5,320
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance, defined benefit plan, after tax (3,167) 4,117  
Recognized component of postretirement cost, after tax 0 0  
Unrecognized gain (loss), after tax (2,949) (7,284)  
Ending balance, defined benefit plan, after tax (6,116) (3,167) 4,117
Other Postretirement Benefit Plans      
Before tax      
Beginning balance, unrecognized prior service cost, before tax (1,156) (1,620)  
Beginning balance, unrecognized net loss (gain) (664) (747)  
Beginning balance, defined benefit plan, before tax (1,820) (2,367)  
Recognized as a component of postretirement costs, prior service cost, before tax 464 464  
Unrecognized loss, prior service cost, before tax 0 0  
Recognized as a component of postretirement costs, net loss (gain), before tax 79 77  
Unrecognized loss, net loss (gain), before tax (32) 6  
Recognized as a component of postretirement costs, before tax 543 541  
Unrecognized gain (loss), before tax (32) 6  
Ending balance, unrecognized prior service cost, before tax (692) (1,156) (1,620)
Ending balance, unrecognized net loss (gain) (617) (664) (747)
Ending balance, defined benefit plan, before tax (1,309) (1,820) (2,367)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance, defined benefit plan, after tax (1,420) (1,847)  
Recognized component of postretirement cost, after tax 422 422  
Unrecognized gain (loss), after tax (24) 5  
Ending balance, defined benefit plan, after tax $ (1,022) $ (1,420) $ (1,847)
v3.25.4
Employee Benefit Plans Rates (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pension Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Discount rate-projected benefit obligation 5.14% 5.38% 4.73%
Expected long-term rate of return on plan assets 5.00% 5.00% 5.00%
Other Postretirement Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Discount rate-projected benefit obligation 5.14% 5.38% 4.73%
Expected long-term rate of return on plan assets 3.00% 3.00% 3.00%
v3.25.4
Employee Benefit Plans Fair Value Of Plan Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets $ 90,351 $ 85,595
Actual plan asset allocations 100.00% 100.00%
Equity securities    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets $ 46,722 $ 47,855
Actual plan asset allocations 51.70% 55.90%
Equity Funds    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets $ 31,272 $ 31,369
Mutual Funds    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets 15,450 16,486
Debt securities    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets $ 38,278 $ 32,707
Actual plan asset allocations 42.40% 38.20%
Money Market Funds    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets $ 9,802 $ 5,534
Fixed Income Funds    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets 14,181 13,590
Corporate debt securities    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets 4,840 4,090
US Government Agencies Debt Securities    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets 9,455 9,493
Other Alternative Investment Mutual Funds    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets $ 5,351 $ 5,033
Actual plan asset allocations 5.90% 5.90%
v3.25.4
Employee Benefit Plans Expected benefits (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Pension Plans  
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]  
2022 $ 4,906
2023 4,900
2024 4,878
2025 4,831
2026 4,756
Thereafter 22,641
Total 46,912
Other Postretirement Benefit Plans  
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]  
2022 110
2023 99
2024 88
2025 78
2026 68
Thereafter 226
Total $ 669
v3.25.4
Employee Benefit Plans Multi-Employer Plan (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Postemployment Benefits [Abstract]  
Multiemployer Plan, Pension, Significant, Employer Identification Number 231928421
Multiemployer Plan, Pension, Significant, Employer Contribution, Cost $ 972
Multiemployer Plan, Pension, Significant, Employer Contribution Exceeds 5 Percent [true false] false
Multiemployer Plan, Pension, Significant, Funded Status [Fixed List] At least 80 percent
Multiemployer Plan, Pension, Significant, Prepayment Contributions $ 120
v3.25.4
Leases - Costs and Supplemental Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating lease expense $ 27,852 $ 27,893 $ 19,372
Variable lease expense 3,966 3,147 3,160
Sublease income (851) (1,224) (1,111)
Total lease expense 30,967 29,816 $ 21,421
ROU assets 139,965 140,997  
Lease liabilities $ 153,253 $ 154,176  
Weighted average remaining lease term 9 years 14 days 9 years 3 months 18 days  
Weighted average discount rate 5.90% 5.51%  
Cash paid for amounts included in the measurement of lease liabilities $ 29,224 $ 25,161  
ROU assets obtained in exchange for lease obligations $ 20,978 $ 78,278  
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets  
Operating Lease, Liability, Statement of Financial Position [Extensible List] Other liabilities Other liabilities  
v3.25.4
Leases - Lease Payment Obligations (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
2022 $ 27,737  
2024 25,482  
2025 22,772  
2025 19,560  
2026 18,112  
Thereafter 89,922  
Total lease payments 203,585  
Less: imputed interest (50,332)  
Present value of lease liabilities $ 153,253 $ 154,176
v3.25.4
Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value $ 3,407,859 $ 3,410,899
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other liabilities Other liabilities
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for sale $ 16,316 $ 25,618
Estimated Fair Value 3,407,859 3,410,899
Investments held in Rabbi Trust 39,395 35,093
Derivative assets 129,707 161,621
Total assets 3,593,277 3,633,231
Deferred compensation liabilities 39,395 35,093
Derivative liabilities 171,009 254,417
Total liabilities 210,404 289,510
State and municipal securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 826,693 814,887
State and municipal securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 826,693 814,887
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 214,921 300,370
Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 214,921 300,370
Collateralized mortgage obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 1,040,078 788,885
Collateralized mortgage obligations | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 1,040,078 788,885
Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 766,717 989,875
Residential mortgage-backed securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 766,717 989,875
Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 559,450 516,882
Commercial mortgage-backed securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 559,450 516,882
Level 1 | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for sale 0 0
Estimated Fair Value 0 0
Investments held in Rabbi Trust 39,395 35,093
Derivative assets 891 1,682
Total assets 40,286 36,775
Deferred compensation liabilities 39,395 35,093
Derivative liabilities 720 1,596
Total liabilities 40,115 36,689
Level 1 | State and municipal securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 1 | Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 1 | Collateralized mortgage obligations | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 1 | Residential mortgage-backed securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 1 | Commercial mortgage-backed securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 2 | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for sale 16,316 25,618
Estimated Fair Value 3,407,859 3,410,899
Investments held in Rabbi Trust 0 0
Derivative assets 128,816 159,939
Total assets 3,552,991 3,596,456
Deferred compensation liabilities 0 0
Derivative liabilities 170,289 252,821
Total liabilities 170,289 252,821
Level 2 | State and municipal securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 826,693 814,887
Level 2 | Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 214,921 300,370
Level 2 | Collateralized mortgage obligations | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 1,040,078 788,885
Level 2 | Residential mortgage-backed securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 766,717 989,875
Level 2 | Commercial mortgage-backed securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 559,450 516,882
Level 3 | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for sale 0 0
Estimated Fair Value 0 0
Investments held in Rabbi Trust 0 0
Derivative assets 0 0
Total assets 0 0
Deferred compensation liabilities 0 0
Derivative liabilities 0 0
Total liabilities 0 0
Level 3 | State and municipal securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 3 | Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 3 | Collateralized mortgage obligations | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 3 | Residential mortgage-backed securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value 0 0
Level 3 | Commercial mortgage-backed securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated Fair Value $ 0 $ 0
v3.25.4
Fair Value Measurements Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Other real estate owned (OREO) $ 1,365 $ 2,621
Fair Value, Nonrecurring | Level 3    
Loans, Net 135,993 168,668
Other real estate owned (OREO) 1,365 2,621
Net MSRs at end of year 49,861 53,972
SBA servicing asset at amortized cost fair value 2,256 3,120
Total assets $ 189,475 $ 228,381
v3.25.4
Fair Value Measurements Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value $ 3,407,859 $ 3,410,899
Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Assumptions used to estimate fair value, prepayment speed 7.00%  
Assumptions used to estimate fair value, discount rate 8.60%  
Fair Value, Measurements, Recurring    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value $ 3,407,859 3,410,899
Derivative assets 129,707 161,621
Fair Value, Measurements, Recurring | Level 2    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 3,407,859 3,410,899
Derivative assets 128,816 159,939
Fair Value, Measurements, Recurring | Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 0 0
Derivative assets 0 0
Fair Value, Measurements, Recurring | Level 1    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 0 0
Derivative assets 891 1,682
Fair Value, Measurements, Recurring | Foreign Exchange Contract | Level 1    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Total liabilities 700 1,600
Fair Value, Measurements, Recurring | Foreign Exchange Contract | Level 1    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative assets 900 1,700
Fair Value, Measurements, Recurring | Forward Commitments | Level 2    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative assets 600 800
Total liabilities 200 100
Fair Value, Measurements, Recurring | Interest Rate Swap | Level 2    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Other financial assets 128,300 159,200
Total liabilities 170,100 252,800
Corporate debt securities    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 214,921 300,370
Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 214,921 300,370
Corporate debt securities | Fair Value, Measurements, Recurring | Level 2    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 214,921 300,370
Corporate debt securities | Fair Value, Measurements, Recurring | Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 0 0
Corporate debt securities | Fair Value, Measurements, Recurring | Level 1    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 0 0
Financial Institutions Subordinated Debt | Fair Value, Measurements, Recurring | Level 2    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value 207,500 293,100
Other Corporate Debt | Fair Value, Measurements, Recurring | Level 2    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Estimated Fair Value $ 7,400 $ 7,300
v3.25.4
Fair Value Measurements - Fair Value Measurement Inputs and Valuation Techniques (Details)
 12 Months Ended
Dec. 31, 2025
Scenario Shock, Plus 30%  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Assumptions used to estimate fair value, prepayment speed (5.00%)
Scenario Shock, Minus 30%  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Assumptions used to estimate fair value, prepayment speed 5.00%
Scenario Shock, Minus 200 Basis Points  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Assumptions used to estimate fair value, discount rate 10.00%
Scenario Shock, Plus 200 Basis Points  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Assumptions used to estimate fair value, discount rate (8.00%)
v3.25.4
Fair Value Measurements Details of Book Value and Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]    
AFS, at estimated fair value $ 3,407,859 $ 3,410,899
Estimated Fair Value 1,267,578  
Carrying Amount    
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]    
Cash and cash equivalents 1,061,609 1,063,871
FRB and FHLB stock 121,009 139,574
Loans held for sale 16,316 25,618
AFS, at estimated fair value 1,425,885 1,395,569
Estimated Fair Value 3,407,859 3,410,899
Loans, net 23,780,422 23,665,763
Accrued interest receivable 113,698 117,029
Other assets 721,469 736,502
Demand and savings deposits 21,739,113 21,135,478
Brokered deposits 855,042 843,857
Time deposits 3,995,252 4,150,098
Accrued interest payable 17,130 31,620
Federal Home Loan Bank Borrowings, Fair Value Disclosure 250,000 850,000
Long-Term Debt, Fair Value 367,637 367,316
Other Borrowings, Fair Value Disclosure 679,738 564,732
Other liabilities 247,490 467,011
Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]    
Cash and cash equivalents 1,061,609 1,063,871
FRB and FHLB stock 121,009 139,574
Loans held for sale 16,316 25,618
AFS, at estimated fair value 1,267,578 1,183,449
Estimated Fair Value 3,407,859 3,410,899
Loans, net 22,590,142 22,555,687
Accrued interest receivable 113,698 117,029
Other assets 741,596 762,903
Demand and savings deposits 21,739,113 21,135,478
Brokered deposits 855,129 843,703
Time deposits 3,991,203 4,154,726
Accrued interest payable 17,130 31,620
Federal Home Loan Bank Borrowings, Fair Value Disclosure 251,991 851,470
Long-Term Debt, Fair Value 351,870 253,818
Other Borrowings, Fair Value Disclosure 655,154 545,809
Other liabilities 247,490 467,011
Level 1 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]    
Cash and cash equivalents 1,061,609 1,063,871
FRB and FHLB stock 0 0
Loans held for sale 0 0
AFS, at estimated fair value 0 0
Estimated Fair Value 0 0
Loans, net 0 0
Accrued interest receivable 113,698 117,029
Other assets 556,071 543,251
Demand and savings deposits 21,739,113 21,135,478
Brokered deposits 80,215 145,056
Time deposits 0 0
Accrued interest payable 17,130 31,620
Federal Home Loan Bank Borrowings, Fair Value Disclosure 251,991 851,470
Long-Term Debt, Fair Value 0 0
Other Borrowings, Fair Value Disclosure 654,238 544,908
Other liabilities 62,228 200,029
Level 2 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]    
Cash and cash equivalents 0 0
FRB and FHLB stock 121,009 139,574
Loans held for sale 16,316 25,618
AFS, at estimated fair value 1,267,578 1,183,449
Estimated Fair Value 3,407,859 3,410,899
Loans, net 0 0
Accrued interest receivable 0 0
Other assets 132,043 159,939
Demand and savings deposits 0 0
Brokered deposits 774,914 698,647
Time deposits 3,991,203 4,154,726
Accrued interest payable 0 0
Federal Home Loan Bank Borrowings, Fair Value Disclosure 0 0
Long-Term Debt, Fair Value 351,870 253,818
Other Borrowings, Fair Value Disclosure 916 901
Other liabilities 170,290 252,821
Level 3 | Estimate of Fair Value Measurement    
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]    
Cash and cash equivalents 0 0
FRB and FHLB stock 0 0
Loans held for sale 0 0
AFS, at estimated fair value 0 0
Estimated Fair Value 0 0
Loans, net 22,590,142 22,555,687
Accrued interest receivable 0 0
Other assets 53,482 59,713
Demand and savings deposits 0 0
Brokered deposits 0 0
Time deposits 0 0
Accrued interest payable 0 0
Federal Home Loan Bank Borrowings, Fair Value Disclosure 0 0
Long-Term Debt, Fair Value 0 0
Other Borrowings, Fair Value Disclosure 0 0
Other liabilities $ 14,972 $ 14,161
v3.25.4
Commitments and Contingencies Outstanding Commitments to Extend Credit and Letters of Credit (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Valuation allowances and reserves, balance $ 800 $ 1,200
Commercial and industrial    
Valuation allowances and reserves, balance 4,975,873 4,967,334
Commerical mortgage and construction    
Valuation allowances and reserves, balance 1,477,796 1,706,879
Real estate - home equity    
Valuation allowances and reserves, balance 2,256,494 2,154,382
Total commitments to extend credit    
Valuation allowances and reserves, balance 8,710,163 8,828,595
Standby letters of credit    
Valuation allowances and reserves, balance 311,697 279,309
Commercial letters of credit    
Valuation allowances and reserves, balance 29,842 48,993
Letter of Credit    
Valuation allowances and reserves, balance $ 341,539 $ 328,302
v3.25.4
Commitments and Contingencies Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Loss Contingencies [Line Items]    
Valuation allowances and reserves, balance $ 0.8 $ 1.2
Residential mortgage    
Loss Contingencies [Line Items]    
Valuation allowances and reserves, balance $ 1.4 $ 1.5
v3.25.4
Segment Reporting (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
segment
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]      
Number of reportable segments | segment 1    
INTEREST INCOME      
Loans, including fees $ 1,395,992 $ 1,394,969 $ 1,156,373
Investment securities 187,152 136,650 101,518
Other interest income 33,730 50,577 15,345
Total Interest Income 1,616,874 1,582,196 1,273,236
INTEREST EXPENSE      
Deposits 514,693 521,859 292,205
Federal funds purchased 13 2,881 30,417
FHLB advances 24,535 37,793 46,965
Senior debt and subordinated debt 18,404 20,255 21,361
Other borrowings and interest-bearing liabilities 22,882 39,083 28,002
Total Interest Expense 580,527 621,871 418,950
Net Interest Income 1,036,347 960,325 854,286
Provision for credit losses 35,698 71,636 54,036
Net Interest Income After Provision for Credit Losses 1,000,649 888,689 800,250
NON-INTEREST INCOME      
Total Non-Interest Income 276,766 275,731 227,678
NON-INTEREST EXPENSE      
Salaries and employee benefits 443,546 432,821 377,417
Data processing and software 75,091 77,882 66,471
Net occupancy 68,125 69,359 58,019
Other outside services 49,902 60,586 47,724
FDIC insurance 20,178 23,829 25,565
Equipment 16,176 17,850 14,390
Intangible amortization 22,462 17,830 2,944
Professional fees 5,493 10,857 8,392
Marketing 9,288 8,958 9,004
Acquisition-related expenses 1,182 37,635 0
Other 80,386 62,184 69,281
Total Non-Interest Expense 791,829 819,791 679,207
Income Before Income Taxes 485,586 344,629 348,721
Income taxes 93,977 55,886 64,441
Net Income 391,609 288,743 284,280
Preferred stock dividends (10,248) (10,248) (10,248)
Net Income Available to Common Shareholders $ 381,361 $ 278,495 $ 274,032
PER SHARE:      
Net income available to common shareholders (diluted) (in dollars per share) | $ / shares $ 2.08 $ 1.57 $ 1.64
Reportable Segment      
INTEREST INCOME      
Loans, including fees $ 1,395,992 $ 1,394,969 $ 1,156,373
Investment securities 187,152 136,650 101,518
Other interest income 33,730 50,577 15,345
Total Interest Income 1,616,874 1,582,196 1,273,236
INTEREST EXPENSE      
Deposits 514,693 521,859 292,205
Federal funds purchased 13 2,881 30,417
FHLB advances 24,535 37,793 46,965
Senior debt and subordinated debt 18,404 20,255 21,361
Other borrowings and interest-bearing liabilities 22,882 39,083 28,002
Total Interest Expense 580,527 621,871 418,950
Net Interest Income 1,036,347 960,325 854,286
Provision for credit losses 35,698 71,636 54,036
Net Interest Income After Provision for Credit Losses 1,000,649 888,689 800,250
NON-INTEREST INCOME      
Total Non-Interest Income 276,766 275,731 227,678
NON-INTEREST EXPENSE      
Salaries and employee benefits 443,546 432,821 377,417
Data processing and software 75,091 77,882 66,471
Net occupancy 68,125 69,359 58,019
Other outside services 49,902 60,586 47,724
FDIC insurance 20,178 23,829 25,565
Equipment 16,176 17,850 14,390
Intangible amortization 22,462 17,830 2,944
Professional fees 5,493 10,857 8,392
Marketing 9,288 8,958 9,004
Acquisition-related expenses 1,182 37,635 0
Other 80,386 62,184 69,281
Total Non-Interest Expense 791,829 819,791 679,207
Income Before Income Taxes 485,586 344,629 348,721
Income taxes 93,977 55,886 64,441
Net Income 391,609 288,743 284,280
Preferred stock dividends (10,248) (10,248) (10,248)
Net Income Available to Common Shareholders $ 381,361 $ 278,495 $ 274,032
PER SHARE:      
Net income available to common shareholders (diluted) (in dollars per share) | $ / shares $ 2.08 $ 1.57 $ 1.64
v3.25.4
Condensed Financial Information - Parent Company Only Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
ASSETS        
Other assets $ 1,403,366 $ 1,422,502    
Investments in:        
Total Assets 32,118,400 32,071,810    
Other liabilities 724,041 931,384    
Total Liabilities 28,627,953 28,874,485    
Shareholders' Equity [Abstract]        
Shareholders’ equity 3,490,447 3,197,325 $ 2,760,139 $ 2,579,757
Total Liabilities and Shareholders' Equity 32,118,400 32,071,810    
Parent        
ASSETS        
Cash and cash equivalents 223,669 78,566 $ 171,433 $ 169,208
Other assets 68,786 68,375    
Receivable from subsidiaries 48,166 126,430    
Investments in:        
Bank subsidiary 3,530,379 3,309,613    
Non-bank subsidiaries 51,856 47,666    
Total Assets 3,922,856 3,630,650    
Senior and subordinated debt 367,637 367,316    
Other liabilities 64,772 66,009    
Total Liabilities 432,409 433,325    
Shareholders' Equity [Abstract]        
Shareholders’ equity 3,490,447 3,197,325    
Total Liabilities and Shareholders' Equity $ 3,922,856 $ 3,630,650    
v3.25.4
Condensed Financial Information - Parent Company Only Income statement (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Condensed Financial Statements, Captions [Line Items]      
Total Non-Interest Income $ 276,766 $ 275,731 $ 227,678
Income tax benefit 93,977 55,886 64,441
Net Income 391,609 288,743 284,280
Preferred stock dividends (10,248) (10,248) (10,248)
Net Income Available to Common Shareholders 381,361 278,495 274,032
Parent      
Condensed Financial Statements, Captions [Line Items]      
Dividends from subsidiaries 300,000 75,000 300,000
Other 1,305 2,237 794
Total Non-Interest Income 301,305 77,237 300,794
Expenses 47,750 42,572 37,448
Income Before Income Taxes 253,555 34,665 263,346
Income tax benefit (9,171) (9,070) (7,861)
Income before equity in undistributed income of subsidiaries 262,726 43,735 271,207
Net Income 391,609 288,743 284,280
Preferred stock dividends (10,248)    
Net Income Available to Common Shareholders 381,361    
Parent | Bank subsidiaries      
Condensed Financial Statements, Captions [Line Items]      
Non-bank subsidiaries 124,949 239,677 8,932
Parent | Non-bank subsidiaries      
Condensed Financial Statements, Captions [Line Items]      
Non-bank subsidiaries $ 3,934 $ 5,331 $ 4,141
v3.25.4
Condensed Financial Information - Parent Company Only Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities:      
Net Income $ 391,609 $ 288,743 $ 284,280
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities [Abstract]      
Amortization of Debt Issuance Costs 321 710 750
Stock-based compensation 13,326 10,516 12,540
Increase (Decrease) in Other Operating Liabilities (131,276) 97,015 (16,825)
Total adjustments (87,126) 127,822 78,704
Net cash provided by operating activities 304,483 416,565 362,984
Cash Flows From Investing Activities      
Net cash received for acquisition 0 (1,018,371) 0
Net cash (used in) provided by investing activities (82,179) 1,629,332 (809,215)
Cash Flows From Financing Activities:      
Net proceeds from issuance of common stock 7,709 270,582 3,160
Dividends paid (141,207) (131,698) (115,738)
Acquisition of treasury stock (66,048) (30,348) (77,056)
Net cash (used in) provided by financing activities (224,566) (1,531,736) 314,020
Parent      
Cash Flows From Operating Activities:      
Net Income 391,609 288,743 284,280
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities [Abstract]      
Amortization of Debt Issuance Costs 321 710 750
Stock-based compensation 13,326 10,516 12,540
Increase (Decrease) in Other Operating Assets 77,854 (83,081) (37,591)
Equity in undistributed net (income) loss of subsidiaries (135,820) (245,009) (13,073)
Increase (Decrease) in Other Operating Liabilities (2,641) (4,504) (50,047)
Total adjustments (46,960) (321,368) (87,421)
Net cash provided by operating activities 344,649 (32,625) 196,859
Cash Flows From Investing Activities      
Net cash (used in) provided by investing activities 0 0 0
Cash Flows From Financing Activities:      
Repayments of senior debt and subordinated debt 0 (168,778) (5,000)
Net proceeds from issuance of common stock 7,709 270,582 3,160
Dividends paid (141,207) (131,698) (115,738)
Acquisition of treasury stock (66,048) (30,348) (77,056)
Net cash (used in) provided by financing activities (199,546) (60,242) (194,634)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation 145,103 (92,867) 2,225
Cash and Cash Equivalents at Beginning of Year 78,566 171,433 169,208
Cash and Cash Equivalents at End of Year $ 223,669 $ 78,566 $ 171,433