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Earnings Per Common Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
Earnings per common share is computed using the two-class method as more fully described in our 2021 Form 10-K. 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.
Three Months Ended
March 31,
20222021
Net income$99,102 $116,015 
Less: Preferred stock dividends1,669 2,151 
Net income available to common shareholders97,433 113,864 
Less: Earnings allocated to participating securities849 1,162 
Net earnings allocated to common stock$96,584 $112,702 
Distributed earnings allocated to common stock$48,051 $45,660 
Undistributed earnings allocated to common stock48,533 67,042 
Net earnings allocated to common stock$96,584 $112,702 
Weighted-average shares outstanding for basic earnings per common share64,051,202 63,306,493 
Dilutive effect of stock compensation409,705 509,290 
Weighted-average shares outstanding for diluted earnings per common share64,460,907 63,815,783