Earnings per Share

9 Months Ended

Sep. 30, 2012

Earnings per Share

10. Earnings per Share

	For the three months ended					For the nine months ended
	September 30, 2012			September 30, 2011		September 30, 2012			September 30, 2011
Basic earnings per share:
Net income	$	84,050		$	78,892	$	242,498		$	213,749
Less preferred stock dividends		(2,070	)		—		(2,070	)		—
Net income available to common shareholders	$	81,980		$	78,892	$	240,428		$	213,749
Weighted average shares		98,233,589			75,743,002		91,296,338			70,057,263
Basic earnings per share	$	0.83		$	1.04	$	2.63		$	3.05
Diluted earnings per share:
Net income	$	84,050		$	78,892	$	242,498		$	213,749
Less preferred stock dividends for antidilutive shares		(2,070	)		—		(2,070	)		—
Net income available to common shareholders	$	81,980		$	78,892	$	240,428		$	213,749
Weighted average shares		98,233,589			75,743,002		91,296,338			70,057,263
Potential dilutive shares from exercise of stock options		—			—		—			—
Diluted weighted average shares		98,233,589			75,743,002		91,296,338			70,057,263
Diluted earnings per share	$	0.83		$	1.04	$	2.63		$	3.05

There are not any potentially dilutive shares for the three and nine months ended September 30, 2012 and 2011, respectively.