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Computation of Earnings per Common Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(in thousands, except share and per share amounts)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income available to common shareholders

 

$

97,140

 

 

$

89,039

 

 

$

189,261

 

 

$

178,409

 

Less: Dividends paid on and earnings allocated to

   participating securities

 

 

(1,186

)

 

 

(1,055

)

 

 

(3,331

)

 

 

(2,177

)

Earnings applicable to common stock

 

$

95,954

 

 

$

87,984

 

 

$

185,930

 

 

$

176,232

 

Weighted average common shares outstanding

 

 

461,933,533

 

 

 

465,351,586

 

 

 

463,463,751

 

 

 

465,422,251

 

Basic earnings per common share

 

$

0.21

 

 

$

0.19

 

 

$

0.40

 

 

$

0.38

 

Earnings applicable to common stock

 

$

95,954

 

 

$

87,984

 

 

$

185,930

 

 

$

176,232

 

Weighted average common shares outstanding

 

 

461,933,533

 

 

 

465,351,586

 

 

 

463,463,751

 

 

 

465,422,251

 

Potential dilutive common shares

 

 

555,960

 

 

 

289,851

 

 

 

487,317

 

 

 

145,727

 

Total shares for diluted earnings per common share

   computation

 

 

462,489,493

 

 

 

465,641,437

 

 

 

463,951,068

 

 

 

465,567,978

 

Diluted earnings per common share and common share

   equivalents

 

$

0.21

 

 

$

0.19

 

 

$

0.40

 

 

$

0.38