Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share

Schedule of reconciliation of basic and diluted net income per share

The following table sets forth the reconciliation of basic and diluted net earnings per share (in thousands, except share and per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Basic earnings per share:
Numerator
Net income	$	147,625	$	128,305	$	284,776	$	266,399
Preferred stock dividends		(3,844)		(4,271)		(7,688)		(4,271)
Net income available to common stockholders	$	143,781	$	124,034	$	277,088	$	262,128
Denominator
Weighted-average common shares outstanding		113,690,839		111,371,790		113,581,392		111,196,011
Basic earnings per share	$	1.26	$	1.11	$	2.44	$	2.36
Diluted earnings per share:
Numerator
Net income	$	147,625	$	128,305	$	284,776	$	266,399
Preferred stock dividends		(3,844)		(4,271)		(7,688)		(4,271)
Net income available to common stockholders	$	143,781	$	124,034	$	277,088	$	262,128
Denominator
Number of shares used in basic computation		113,690,839		111,371,790		113,581,392		111,196,011
Weighted-average effect of dilutive securities		82,288		1,435,233		259,537		1,402,612
Number of shares used in per share computation		113,773,127		112,807,023		113,840,929		112,598,623
Diluted earnings per share	$	1.26	$	1.10	$	2.43	$	2.33