Equity and Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Equity and Earnings Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended March 31,
(in thousands)	2021		2022
Basic weighted average number of shares outstanding		476,850		477,646
Add: Dilutive effect of RSUs		1,037		1,382
Add: Dilutive effect of PSUs		278		225
Add: Dilutive effect of Series A Preferred Stock		1,107		920
Diluted weighted average number of shares outstanding		479,272		480,173
Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share (1):
RSUs		397		1

(1) The potential dilutive effects of these awards were excluded from the computation of earnings (loss) per common shares—assuming dilution because the inclusion of these awards would have been anti-dilutive.

Schedule of earnings per common share

	Three Months Ended March 31,
(in thousands, except per share amounts)	2021		2022
Net income	$	83,441		80,040
Less preferred stock dividends		(138)		(138)
Net income available to common shareholders	$	83,303		79,902
Net income per share–basic	$	0.17		0.17
Net income per share–diluted	$	0.17		0.17
Weighted average common shares outstanding–basic		476,850		477,646
Weighted average common shares outstanding–diluted		479,272		480,173