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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 13. EARNINGS PER SHARE Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares outstanding attributable to stock awards and incremental shares related to the Forward Sale Agreements. See Note 10 “Stockholder’s Equity” in Part I, Item I of this Quarterly Report for more information on the Forward Sale Agreements. The following table presents basic and diluted EPS calculations for the three months ended March 31, (dollars in thousands except per share data):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ | ​ | 2025 | ​ | 2024
Net Income | ​ | ​ | ​ | ​ | ​ | ​
Net Income | ​ | $ | 49,818 | ​ | $ | 49,769
Less: Preferred Stock Dividends | ​ | ​ | 2,967 | ​ | ​ | 2,967
Net income available to common shareholders | ​ | $ | 46,851 | ​ | $ | 46,802
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding, basic | ​ |  | 89,222 | ​ |  | 75,197
Dilutive effect of stock awards and forward equity sales agreement | ​ |  | 851 | ​ |  | —
Weighted average shares outstanding, diluted | ​ |  | 90,073 | ​ |  | 75,197
​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share, basic | ​ | $ | 0.53 | ​ | $ | 0.62
Earnings per common share, diluted | ​ | $ | 0.52 | ​ | $ | 0.62
​

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