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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 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
June 30,
Six Months Ended
June 30,
(dollars and shares in thousands, except per share data)2024202320242023
Net income$121,229 $155,036 $241,513 $301,636 
Preferred dividends(4,033)(4,033)(8,067)(8,067)
Net income applicable to common shares$117,196 $151,003 $233,446 $293,569 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)315,585 290,559 303,283 290,822 
Effect of dilutive securities:
Restricted stock876 707 924 1,047 
Stock appreciation rights —  
Weighted average diluted shares outstanding316,461 291,266 304,207 291,870 
Basic Net Income Per Common Share$0.37 $0.52 $0.77 $1.01 
Diluted Net Income Per Common Share$0.37 $0.52 $0.77 $1.01