Equity and Net Income Per Common Share (Tables)

12 Months Ended

Dec. 31, 2024

Equity and Net Income Per Common Share

Schedule of weighted average shares outstanding

	Year Ended December 31,
(in thousands)	2022		2023		2024
Basic weighted average number of common shares outstanding		478,232		479,378		480,822
Add: Dilutive effect of RSUs		1,050		1,668		2,345
Add: Dilutive effect of PSUs		91		528		1,417
Add: Dilutive effect of Series A Preferred Stock		927		798		663
Diluted weighted average number of common shares outstanding		480,300		482,372		485,247

There were no anti-dilutive securities outstanding during the years ended December 31, 2022, 2023 and 2024.

Schedule of net income per share

	Year Ended December 31,
(in thousands, except per share amounts)	2022		2023		2024
Net income	$	326,242		371,786		400,892
Less preferred stock dividends		(550)		(550)		(550)
Net income available to common shareholders	$	325,692		371,236		400,342
Net income per common share–basic	$	0.68		0.77		0.83
Net income per common share–diluted	$	0.68		0.77		0.83
Weighted average common shares outstanding–basic		478,232		479,378		480,822
Weighted average common shares outstanding–diluted		480,300		482,372		485,247