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Computation of Earnings per Common Share (Tables)
 9 Months Ended
Sep. 30, 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
September 30,
   
Nine Months Ended
September 30,
 
(in thousands, except share and per share amounts)
 
2019
 
  
2018
 
  
2019
 
  
2018
 
Net income available to common shareholders
  $
90,839
    $
98,565
    $
269,248
    $
296,057
 
Less: Dividends paid on and earnings allocated to participating securities
   
(1,073
 )    
(1,219
 )    
(3,245
 )    
(3,735
 )
                                 
Earnings applicable to common stock
  $
89,766
    $
97,346
    $
266,003
    $
292,322
 
                                 
Weighted average common shares outstanding
   
465,357,326
     
488,476,340
     
465,400,372
     
488,383,554
 
                                 
Basic earnings per common share
  $
0.19
    $
0.20
    $
0.57
    $
0.60
 
                                 
Earnings applicable to common stock
  $
89,766
    $
97,346
    $
266,003
    $
292,322
 
                                 
Weighted average common shares outstanding
   
465,357,326
     
488,476,340
     
465,400,372
     
488,383,554
 
Potential dilutive common shares
   
418,674
     
—  
      
237,708
     
—  
  
                                 
Total shares for diluted earnings per common share computation
   
465,776,000
     
488,476,340
     
465,638,080
     
488,383,554
 
                                 
Diluted earnings per common share and common share equivalents
  $
0.19
    $
0.20
    $
0.57
    $
0.60