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Earnings Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share
The following table presents a reconciliation of net income available to common shareholders, net earnings allocated to common stock and the number of shares used in the calculation of basic and diluted earnings per common share.
 
2019
 
2018
 
2017
Net Income
$
443,599

 
$
454,918

 
$
364,149

Less: Preferred stock dividends
8,063

 
8,063

 
8,063

Net income available to common shareholders
435,536

 
446,855

 
356,086

Less: Earnings allocated to participating securities
3,687

 
3,169

 
2,016

Net earnings allocated to common stock
$
431,849

 
$
443,686

 
$
354,070

 
 
 
 
 
 
Distributed earnings allocated to common stock
$
175,540

 
$
164,268

 
$
143,356

Undistributed earnings allocated to common stock
256,309

 
279,418

 
210,714

Net earnings allocated to common stock
$
431,849

 
$
443,686

 
$
354,070

 
 
 
 
 
 
Weighted-average shares outstanding for basic earnings per common share
62,741,769

 
63,704,508

 
63,693,927

Dilutive effect of stock compensation
700,101

 
982,208

 
968,161

Weighted-average shares outstanding for diluted earnings per common share
63,441,870

 
64,686,716

 
64,662,088