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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2025
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)2025202420252024
Net income$125,408 $121,229 $270,067 $241,513 
Preferred dividends(4,033)(4,033)(8,067)(8,067)
Net income applicable to common shares$121,375 $117,196 $262,000 $233,446 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)360,155 315,585 338,162 303,283 
Effect of dilutive securities:
Restricted stock1,281 876 2,088 924 
Weighted average diluted shares outstanding361,436 316,461 340,250 304,207 
Basic Net Income Per Common Share$0.34 $0.37 $0.78 $0.77 
Diluted Net Income Per Common Share$0.34 $0.37 $0.77 $0.77