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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Reconciliation of Basic and Diluted Earnings/(Loss) Per Share | The following table sets forth the reconciliation of basic and diluted earnings per share:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands, except share and per share)
Basic earnings per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income | $ | 385,167 |  |  | $ | 102,946 |  |  | $ | 761,000 |  |  | $ | 210,812 |
Preferred stock dividends | (11,081) |  |  | (12,508) |  |  | (22,163) |  |  | (22,933) |
Net income attributable to common stockholders | $ | 374,086 |  |  | $ | 90,438 |  |  | $ | 738,837 |  |  | $ | 187,879 |
Denominator |  |  |  |  |  |  |
Weighted-average common shares outstanding | 111,762,758 |  |  | 111,372,434 |  |  | 111,656,919 |  |  | 111,273,514 |
Basic earnings per share | $ | 3.35 |  |  | $ | 0.81 |  |  | $ | 6.62 |  |  | $ | 1.69 |
Diluted earnings per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income | $ | 385,167 |  |  | $ | 102,946 |  |  | $ | 761,000 |  |  | $ | 210,812 |
Preferred stock dividends | (11,081) |  |  | (12,508) |  |  | (22,163) |  |  | (22,933) |
Net income attributable to common stockholders | $ | 374,086 |  |  | $ | 90,438 |  |  | $ | 738,837 |  |  | $ | 187,879 |
Denominator |  |  |  |  |  |  |
Number of shares used in basic computation | 111,762,758 |  | 111,372,434 |  | 111,656,919 |  | 111,273,514
Weighted-average effect of dilutive securities | 470,468 |  |  | 368,387 |  | 534,552 |  | 439,205
Number of shares used in per share computation | 112,233,226 |  |  | 111,740,821 |  |  | 112,191,471 |  |  | 111,712,719 |
Diluted earnings per share | $ | 3.33 |  |  | $ | 0.81 |  |  | $ | 6.59 |  |  | $ | 1.68 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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