Equity and Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Equity and Net Income Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended March 31,
(in thousands)	2024		2025
Basic weighted average number of common shares outstanding		479,897		479,064
Add: Dilutive effect of RSUs		2,666		3,074
Add: Dilutive effect of PSUs		1,029		1,684
Add: Dilutive effect of Series A Preferred Stock		711		556
Diluted weighted average number of common shares outstanding		484,303		484,378

Schedule of net income per share

	Three Months Ended March 31,
(in thousands, except per share amounts)	2024		2025
Net income		103,926		120,737
Less preferred stock dividends		(138)		(138)
Net income available to common shareholders		103,788		120,599
Net income per common share–basic		0.22		0.25
Net income per common share–diluted		0.21		0.25
Weighted average common shares outstanding–basic		479,897		479,064
Weighted average common shares outstanding–diluted		484,303		484,378