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Earnings Per Common Share | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The Company applies the two-class method of computing basic and diluted EPS. Under the two-class method, EPS is determined for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Due to the Pacific Premier acquisition, the Company now has restricted shares under share-based compensation plans that qualify as participating securities. As of September 30, 2025, the participating securities had no impact on EPS. The following is a computation of basic and diluted earnings per common share for the periods indicated:
| Three Months Ended |  | Nine Months Ended
(in millions, except per share amounts, shares in thousands) | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024 |  |
Net income allocated to common shares | $ | 96 |  |  | $ | 146 |  |  | $ | 335 |  |  | $ | 390 |  |  |
Weighted average number of common shares outstanding - basic | 237,838 |  |  | 208,545 |  |  | 218,694 |  |  | 208,435 |  |  |
Dilutive effect of share-based compensation | 1,087 |  |  | 909 |  |  | 1,018 |  |  | 702 |  |  |
Weighted average number of common shares outstanding - diluted | 238,925 |  |  | 209,454 |  |  | 219,712 |  |  | 209,137 |  |  |
Earnings per common share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.40 |  |  | $ | 0.70 |  |  | $ | 1.53 |  |  | $ | 1.87 |  |  |
Diluted | $ | 0.40 |  |  | $ | 0.70 |  |  | $ | 1.53 |  |  | $ | 1.87 |  |  |
The following table represents the weighted average outstanding restricted stock awards and units that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the periods indicated:
| Three Months Ended |  | Nine Months Ended
(shares in thousands) | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024 |  |
Restricted stock awards and units | 100 |  | 18 |  | 125 |  | 327 |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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