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Earnings Per Common Share

12 Months Ended

Dec. 31, 2022

Earnings Per Common Share

Earnings Per Common Share

Note 14—Earnings Per Common Share

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The following table sets forth the computation of basic and diluted earnings per common share:

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,
(Dollars and shares in thousands, except for per share amounts)		2022		​	2021		​	2020
Basic earnings per common share:	​	​			​			​
Net income	​	$	496,049	​	$	475,543	​	$	120,632
Weighted-average basic common shares	​	​	74,551	​	​	70,393	​	​	54,756
Basic earnings per common share	​	$	6.65	​	$	6.76	​	$	2.20
Diluted earnings per common share:	​	​	​	​	​	​	​	​	​
Net income	​	$	496,049	​	$	475,543	​	$	120,632
Weighted-average basic common shares	​	​	74,551	​	​	70,393	​	​	54,756
Effect of dilutive securities	​	​	630	​	​	496	​	​	307
Weighted-average dilutive shares	​	​	75,181	​	​	70,889	​	​	55,063
Diluted earnings per common share	​	$	6.60	​	$	6.71	​	$	2.19

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The calculation of diluted earnings per common share excludes outstanding stock options for which the results would have been antidilutive under the treasury stock method as follows:

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Year Ended December 31,

(Shares in thousands)

​

2022

​

2021

​

2020

Number of shares

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​

​

​

57,169

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​

​

​

57,169

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​

​

​

136,844

Range of exercise prices

​

$

87.30

to

$

91.35

​

$

87.30

to

$

91.35

​

$

61.42

to

$

91.35

​

​

X

- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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