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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Summary of Table Reconciling Basic and Diluted Net Income Per Share
The following table presents the calculation of basic and diluted net income per common share:
Three Months Ended
June 30,
Six Months Ended
June 30,
(dollars and shares in thousands, except per share data)2023202220232022
Net income$155,036 $114,985 $301,636 $87,399 
Preferred dividends(4,033)(4,033)(8,067)(6,050)
Net income applicable to common shares$151,003 $110,952 $293,569 $81,349 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)290,559 290,862 290,822 259,108 
Effect of dilutive securities:
Restricted stock707 1,014 1,047 1,136 
Stock appreciation rights 1 
Weighted average diluted shares outstanding291,266 291,881 291,870 260,253 
Basic Net Income Per Common Share$0.52 $0.38 $1.01 $0.31 
Diluted Net Income Per Common Share$0.52 $0.38 $1.01 $0.31