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Computation of Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2020
Computation of Basic and Diluted EPS
The following table presents the Company’s computation of basic and diluted earnings per common share for the periods indicated:
                 
 
Three Months Ended March 31,
 
(in thousands, except share and per share amounts)
 
2020
 
  
2019
 
Net income available to common shareholders
  $
92,121
     $
89,370
  
Less: Dividends paid on and earnings allocated to participating securities
   
(1,170
 )    
(1,119
 )
                 
Earnings applicable to common stock
  $
90,951
     $
88,251
  
                 
Weighted average common shares outstanding
   
464,993,970
      
465,493,702
  
                 
Basic earnings per common share
  $
0.20
     $
0.19
  
                 
Earnings applicable to common stock
  $
90,951
     $
88,251
  
                 
Weighted average common shares outstanding
   
464,993,970
      
465,493,702
  
Potential dilutive common shares
   
418,674
      
—
  
                 
Total shares for diluted earnings per common share computation
   
465,412,644
      
465,493,702
  
                 
Diluted earnings per common share and common share equivalents
  $
0.20
     $
0.19