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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands, except share and per share)
Basic earnings per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income | $ | 146,456 |  |  | $ | 103,971 |  |  | $ | 907,455 |  |  | $ | 314,783 |
Preferred stock dividends | (11,082) |  |  | (12,325) |  |  | (33,244) |  |  | (35,258) |
Net income attributable to common stockholders | $ | 135,374 |  |  | $ | 91,646 |  |  | $ | 874,211 |  |  | $ | 279,525 |
Denominator |  |  |  |  |  |  |
Weighted-average common shares outstanding | 111,765,032 |  |  | 111,376,884 |  |  | 111,693,352 |  |  | 111,308,222 |
Basic earnings per share | $ | 1.21 |  |  | $ | 0.82 |  |  | $ | 7.83 |  |  | $ | 2.51 |
Diluted earnings per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income | $ | 146,456 |  |  | $ | 103,971 |  |  | $ | 907,455 |  |  | $ | 314,783 |
Preferred stock dividends | (11,082) |  |  | (12,325) |  |  | (33,244) |  |  | (35,258) |
Net income attributable to common stockholders | $ | 135,374 |  |  | $ | 91,646 |  |  | $ | 874,211 |  |  | $ | 279,525 |
Denominator |  |  |  |  |  |  |
Number of shares used in basic computation | 111,765,032 |  | 111,376,884 |  | 111,693,352 |  | 111,308,222
Weighted-average effect of dilutive securities | 576,107 |  |  | 427,229 |  | 581,083 |  | 493,535
Number of shares used in per share computation | 112,341,139 |  |  | 111,804,113 |  |  | 112,274,435 |  |  | 111,801,757 |
Diluted earnings per share | $ | 1.21 |  |  | $ | 0.82 |  |  | $ | 7.79 |  |  | $ | 2.50 |

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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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