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EARNINGS PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | EARNINGS PER COMMON SHARE The following table presents a comparison of earnings per common share and earnings per diluted common share:
|  |  | Three months ended June 30, |  | Six months ended June 30, |  |  |
|  |  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |  |  |
|  | Earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Net income | $ | 211,964 |  |  | $ | 150,674 |  |  | $ | 607,425 |  |  | $ | 330,773 |  |  |  |  |  |  |
|  | Less: Preferred share dividends | 7,563 |  |  | 7,563 |  |  | 15,125 |  |  | 15,125 |  |  |  |  |  |  |
|  | Net income available to common shareholders | $ | 204,401 |  |  | $ | 143,111 |  |  | $ | 592,300 |  |  | $ | 315,648 |  |  |  |  |  |  |
|  | Weighted average common shares outstanding | 84,475 |  |  | 85,207 |  |  | 84,677 |  |  | 85,036 |  |  |  |  |  |  |
|  | Earnings per common share | $ | 2.42 |  |  | $ | 1.68 |  |  | $ | 6.99 |  |  | $ | 3.71 |  |  |  |  |  |  |
|  | Earnings per diluted common share |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Net income available to common shareholders | $ | 204,401 |  |  | $ | 143,111 |  |  | $ | 592,300 |  |  | $ | 315,648 |  |  |  |  |  |  |
|  | Weighted average common shares outstanding | 84,475 |  |  | 85,207 |  |  | 84,677 |  |  | 85,036 |  |  |  |  |  |  |
|  | Share-based compensation plans | 851 |  |  | 605 |  |  | 832 |  |  | 797 |  |  |  |  |  |  |
|  | Weighted average diluted common shares outstanding | 85,326 |  |  | 85,812 |  |  | 85,509 |  |  | 85,833 |  |  |  |  |  |  |
|  | Earnings per diluted common share | $ | 2.40 |  |  | $ | 1.67 |  |  | $ | 6.93 |  |  | $ | 3.68 |  |  |  |  |  |  |
|  | Weighted average anti-dilutive shares excluded from the dilutive computation | 6 |  |  | 736 |  |  | 377 |  |  | 770 |  |  |  |  |  |  |

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