Equity and Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Equity and Earnings Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2022		2023		2022		2023
Basic weighted average number of shares outstanding		478,317		479,502		477,983		479,059
Add: Dilutive effect of RSUs		794		797		1,081		1,225
Add: Dilutive effect of PSUs		54		351		160		274
Add: Dilutive effect of Series A Preferred Stock		1,105		862		1,105		862
Diluted weighted average number of shares outstanding		480,270		481,512		480,329		481,420
Weighted average number of outstanding equity awards excluded from calculation of net income per share—diluted (1):
RSUs		2,457		—		1,170		—
PSUs		744		—		375		—

(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				Six Months Ended
	June 30,				June 30,
(in thousands, except per share amounts)	2022		2023		2022		2023
Net income	$	79,395		87,012		159,435		173,519
Less preferred stock dividends		(137)		(137)		(275)		(275)
Net income available to common shareholders	$	79,258		86,875		159,160		173,244
Net income per share–basic	$	0.17		0.18		0.33		0.36
Net income per share–diluted	$	0.17		0.18		0.33		0.36
Weighted average common shares outstanding–basic		478,317		479,502		477,983		479,059
Weighted average common shares outstanding–diluted		480,270		481,512		480,329		481,420