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Net Income Per Common Share (Tables)
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
(dollars and shares in thousands, except per share data)2023202220232022
Net income$147,876 $140,153 $449,512 $227,552 
Preferred dividends(4,034)(4,034)(12,101)(10,084)
Net income applicable to common shares$143,842 $136,119 $437,411 $217,468 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)290,648 290,961 290,763 269,843 
Effect of dilutive securities:
Restricted stock1,069 1,516 1,045 1,273 
Stock appreciation rights 1 
Weighted average diluted shares outstanding291,717 292,483 291,809 271,123 
Basic Net Income Per Common Share$0.49 $0.47 $1.50 $0.81 
Diluted Net Income Per Common Share$0.49 $0.47 $1.50 $0.80