Equity and Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

Equity and Net Income Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2023		2024		2023		2024
Basic weighted average number of common shares outstanding		479,676		481,288		479,267		480,765
Add: Dilutive effect of RSUs		1,670		2,056		1,401		2,180
Add: Dilutive effect of PSUs		659		1,524		405		1,301
Add: Dilutive effect of Series A Preferred Stock		835		664		835		664
Diluted weighted average number of common shares outstanding		482,840		485,532		481,908		484,910

Schedule of net income per share

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2023		2024		2023		2024
Net income	$	97,820		99,740		271,339		289,703
Less preferred stock dividends		(138)		(138)		(413)		(413)
Net income available to common shareholders	$	97,682		99,602		270,926		289,290
Net income per common share–basic	$	0.20		0.21		0.57		0.60
Net income per common share–diluted	$	0.20		0.21		0.56		0.60
Weighted average common shares outstanding–basic		479,676		481,288		479,267		480,765
Weighted average common shares outstanding–diluted		482,840		485,532		481,908		484,910