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Computation of Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2019
Computation of Basic and Diluted EPS
The following table presents the Company’s computation of basic and diluted EPS for the periods indicated:
 
 
 
Three Months Ended March 31,
 
(in thousands, except share and per share amounts)
 
2019
 
 
2018
 
Net income available to common shareholders
 
$
89,370
 
 
$
98,345
 
Less: Dividends paid on and earnings allocated to participating securities
 
 
(1,119
)
 
 
(900
)
Earnings applicable to common stock
 
$
88,251
 
 
$
97,445
 
Weighted average common shares outstanding
 
 
465,493,702
 
 
 
488,140,102
 
Basic earnings per common share
 
$
0.19
 
 
$
0.20
 
Earnings applicable to common stock
 
$
88,251
 
 
$
97,445
 
Weighted average common shares outstanding
 
 
465,493,702
 
 
 
488,140,102
 
Potential dilutive common shares
 
 
—
 
 
 
—
 
Total shares for diluted earnings per common share computation
 
 
465,493,702
 
 
 
488,140,102
 
Diluted earnings per common share and common share equivalents
 
$
0.19
 
 
$
0.20