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Net Income Per Common Share (Tables)
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
(dollars and shares in thousands, except per share data)2024202320242023
Net income$143,802 $147,876 $385,315 $449,512 
Preferred dividends(4,034)(4,034)(12,101)(12,101)
Net income applicable to common shares$139,768 $143,842 $373,214 $437,411 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)315,622 290,648 307,426 290,763 
Effect of dilutive securities:
Restricted stock1,709 1,069 1,179 1,045 
Stock appreciation rights —  
Weighted average diluted shares outstanding317,331 291,717 308,605 291,809 
Basic Net Income Per Common Share$0.44 $0.49 $1.21 $1.50 
Diluted Net Income Per Common Share$0.44 $0.49 $1.21 $1.50