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Net Income Per Common Share (Tables)
3 Months Ended
Mar. 31, 2024
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
March 31,
(dollars and shares in thousands, except per share data)20242023
Net income$120,284 $146,600 
Preferred dividends(4,034)(4,034)
Net income applicable to common shares$116,250 $142,566 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)290,980 291,088 
Effect of dilutive securities:
Restricted stock1,227 1,666 
Stock appreciation rights 
Weighted average diluted shares outstanding292,207 292,756 
Basic Net Income Per Common Share$0.40 $0.49 
Diluted Net Income Per Common Share$0.40 $0.49