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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Calculations for basic and diluted earnings per common share | Presented below are the calculations for basic and diluted earnings per common share:
| Three Months Ended Jun 30, | Six Months Ended Jun 30,
(in thousands, except per share data) | 2025 | 2024 | 2025 | 2024
Net income | $ | 111,230 |  | $ | 115,573 |  | $ | 212,916 |  | $ | 196,742 |
Preferred stock dividends | (2,875) |  | (2,875) |  | (5,750) |  | (5,750) |
Net income available to common equity | 108,355 |  | 112,698 |  | 207,166 |  | 190,992 |
Common shareholder dividends | (38,304) |  | (33,310) |  | (76,636) |  | (66,718) |
Unvested share-based payment awards | (194) |  | (197) |  | (399) |  | (317) |
Undistributed earnings | $ | 69,857 |  | $ | 79,191 |  | $ | 130,131 |  | $ | 123,958 |
Undistributed earnings allocated to common shareholders | $ | 69,501 |  | $ | 78,723 |  | $ | 129,500 |  | $ | 123,256 |
Undistributed earnings allocated to unvested share-based payment awards | 356 |  | 468 |  | 630 |  | 702 |
Undistributed earnings | $ | 69,857 |  | $ | 79,191 |  | $ | 130,131 |  | $ | 123,958 |
Basic |  |  |  |
Distributed earnings to common shareholders | $ | 38,304 |  | $ | 33,310 |  | $ | 76,636 |  | $ | 66,718 |
Undistributed earnings allocated to common shareholders | 69,501 |  | 78,723 |  | 129,500 |  | 123,256 |
Total common shareholders earnings, basic | $ | 107,805 |  | $ | 112,034 |  | $ | 206,137 |  | $ | 189,974 |
Diluted |  |  |  |
Distributed earnings to common shareholders | $ | 38,304 |  | $ | 33,310 |  | $ | 76,636 |  | $ | 66,718 |
Undistributed earnings allocated to common shareholders | 69,501 |  | 78,723 |  | 129,500 |  | 123,256 |
Total common shareholders earnings, diluted | $ | 107,805 |  | $ | 112,034 |  | $ | 206,137 |  | $ | 189,974 |
Weighted average common shares outstanding | 164,936 |  | 149,872 |  | 165,081 |  | 149,864 |
Effect of dilutive common stock awards | 1,407 |  | 1,416 |  | 1,425 |  | 1,446 |
Diluted weighted average common shares outstanding | 166,343 |  | 151,288 |  | 166,506 |  | 151,310 |
Basic earnings per common share | $ | 0.65 |  | $ | 0.75 |  | $ | 1.25 |  | $ | 1.27 |
Diluted earnings per common share | $ | 0.65 |  | $ | 0.74 |  | $ | 1.24 |  | $ | 1.26 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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