Equity and Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2024

Equity and Net Income Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2024		2023		2024
Basic weighted average number of common shares outstanding		479,502		481,103		479,059		480,500
Add: Dilutive effect of RSUs		797		1,670		1,225		2,176
Add: Dilutive effect of PSUs		351		1,326		274		1,179
Add: Dilutive effect of Series A Preferred Stock		862		679		862		679
Diluted weighted average number of common shares outstanding		481,512		484,778		481,420		484,534

Schedule of net income per share

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2023		2024		2023		2024
Net income	$	87,012		86,037		173,519		189,963
Less preferred stock dividends		(137)		(137)		(275)		(275)
Net income available to common shareholders	$	86,875		85,900		173,244		189,688
Net income per common share–basic	$	0.18		0.18		0.36		0.39
Net income per common share–diluted	$	0.18		0.18		0.36		0.39
Weighted average common shares outstanding–basic		479,502		481,103		479,059		480,500
Weighted average common shares outstanding–diluted		481,512		484,778		481,420		484,534