XML 41 R25.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Earnings Per Common Share | 12 Months Ended
--- | ---
Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The following table summarizes the calculation of basic and diluted earnings per common share:
| Years ended December 31,
(In thousands, except per share data) | 2024 |  | 2023 |  | 2022
Net income | $ | 768,707 |  |  | $ | 867,840 |  |  | $ | 644,283 |
Less: Preferred stock dividends | 16,650 |  |  | 16,650 |  |  | 15,919 |
Net income available to common stockholders | 752,057 |  |  | 851,190 |  |  | 628,364 |
Less: Earnings allocated to participating securities | 7,981 |  |  | 7,922 |  |  | 5,672 |
Earnings applicable to common stockholders | $ | 744,076 |  |  | $ | 843,268 |  |  | $ | 622,692 |
Weighted-average common shares outstanding - basic | 169,820 |  |  | 171,775 |  |  | 167,452 |
Add: Effect of dilutive stock options and restricted stock | 372 |  |  | 108 |  |  | 95 |
Weighted-average common shares - diluted | 170,192 |  |  | 171,883 |  |  | 167,547 |
Basic earnings per common share | $ | 4.38 |  |  | $ | 4.91 |  |  | $ | 3.72 |
Diluted earnings per common share | 4.37 |  |  | 4.91 |  |  | 3.72 |
Earnings per common share is calculated under the two-class method in which all earnings, distributed and undistributed, are allocated to common stock and participating securities based on their respective rights to receive dividends. The Company may provide for the grant of stock options, restricted stock, performance-based restricted stock, and stock units to eligible employees and directors under its stock incentive plan. Holders of restricted stock are entitled to receive non-forfeitable dividends during the vesting period on a basis equivalent to the dividends paid to holders of common stock. These unvested awards meet the definition of participating securities. Potential common shares from performance-based restricted stock that were not included in the computation of dilutive earnings per common share, because they were anti-dilutive under the treasury stock method, were zero, 204,945, and 176,177 for the years ended December 31, 2024, 2023, and 2022, respectively. Additional information regarding the issuance of stock awards under the Company’s stock incentive plan can be found within Note 20: Share-Based Plans

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration