Equity and Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Equity and Earnings Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended March 31,
(in thousands)	2022		2023
Basic weighted average number of shares outstanding		477,646		478,612
Add: Dilutive effect of RSUs		1,382		1,687
Add: Dilutive effect of PSUs		225		207
Add: Dilutive effect of Series A Preferred Stock		920		953
Diluted weighted average number of shares outstanding		480,173		481,459
Weighted average number of outstanding equity awards excluded from calculation of net income per share—diluted (1):
RSUs		1		872
PSUs		—		285

(1) The potential dilutive effects of these awards were excluded from the computation of net income per share—diluted 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)	2022		2023
Net income	$	80,040		86,507
Less preferred stock dividends		(138)		(138)
Net income available to common shareholders	$	79,902		86,369
Net income per share–basic	$	0.17		0.18
Net income per share–diluted	$	0.17		0.18
Weighted average common shares outstanding–basic		477,646		478,612
Weighted average common shares outstanding–diluted		480,173		481,459