Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Equity and Earnings Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2021		2022		2021		2022
Basic weighted average number of shares outstanding		477,442		478,460		477,196		478,144
Add: Dilutive effect of RSUs		1,093		769		1,113		1,003
Add: Dilutive effect of PSUs		200		—		232		106
Add: Dilutive effect of Series A Preferred Stock		960		1,089		960		1,089
Diluted weighted average number of shares outstanding		479,695		480,318		479,501		480,342
Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share (1):
RSUs		235		2,685		283		1,662
PSUs		—		880		—		545

(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				Nine Months Ended
	September 30,				September 30,
(in thousands, except per share amounts)	2021		2022		2021		2022
Net income	$	89,327		84,014		252,991		243,449
Less preferred stock dividends		(138)		(138)		(413)		(413)
Net income available to common shareholders	$	89,189		83,876		252,578		243,036
Net income per share–basic	$	0.19		0.18		0.53		0.51
Net income per share–diluted	$	0.19		0.17		0.53		0.51
Weighted average common shares outstanding–basic		477,442		478,460		477,196		478,144
Weighted average common shares outstanding–diluted		479,695		480,318		479,501		480,342