XML 22 R12.htm IDEA: XBRL DOCUMENT v3.22.2.2
Net Income Per Common Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share NET INCOME PER COMMON SHARE
Basic and diluted net income per common share are calculated using the two-class method.  Net income applicable to common shares is divided by the weighted-average number of common shares outstanding during the period.  Adjustments to the weighted average number of common shares outstanding are made only when such adjustments will dilute net income per common share.  Net income applicable to common shares is then divided by the weighted-average number of common shares and common share equivalents during the period.
The following table presents the calculation of basic and diluted net income per common share:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(dollars and shares in thousands, except per share data)2022202120222021
Net income$140,153 $71,746 $227,552 $221,350 
Preferred dividends(4,034)— (10,084)— 
Net income applicable to common shares$136,119 $71,746 $217,468 $221,350 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)290,961 165,258 269,843 165,144 
Effect of dilutive securities:
Restricted stock1,516 660 1,273 696 
Stock appreciation rights6 21 7 22 
Weighted average diluted shares outstanding292,483 165,939 271,123 165,862 
Basic Net Income Per Common Share$0.47 $0.43 $0.81 $1.34 
Diluted Net Income Per Common Share$0.47 $0.43 $0.80 $1.33