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Computation of Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2021
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:

 

 

 

For the Three Months Ended March 31,

 

(in thousands, except share and per share amounts)

 

2021

 

 

2020

 

Net income available to common shareholders

 

$

137,389

 

 

$

92,121

 

Less: Dividends paid on and earnings allocated to
   participating securities

 

 

(1,795

)

 

 

(1,170

)

Earnings applicable to common stock

 

$

135,594

 

 

$

90,951

 

Weighted average common shares outstanding

 

 

463,292,906

 

 

 

464,993,970

 

Basic earnings per common share

 

$

0.29

 

 

$

0.20

 

Earnings applicable to common stock

 

$

135,594

 

 

$

90,951

 

Weighted average common shares outstanding

 

 

463,292,906

 

 

 

464,993,970

 

Potential dilutive common shares

 

 

594,031

 

 

 

418,674

 

Total shares for diluted earnings per common share
   computation

 

 

463,886,937

 

 

 

465,412,644

 

Diluted earnings per common share and common share
   equivalents

 

$

0.29

 

 

$

0.20