Equity and Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2025

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)	2024		2025		2024		2025
Basic weighted average number of common shares outstanding		481,103		479,083		480,500		479,074
Add: Dilutive effect of RSUs		1,670		1,508		2,176		2,299
Add: Dilutive effect of PSUs		1,326		1,332		1,179		1,507
Add: Dilutive effect of Series A Preferred Stock		679		528		679		528
Diluted weighted average number of common shares outstanding		484,778		482,451		484,534		483,408

Schedule of net income per share

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2024		2025		2024		2025
Net income	$	86,037		124,513		189,963		245,250
Less preferred stock dividends		(137)		(137)		(275)		(275)
Net income available to common shareholders	$	85,900		124,376		189,688		244,975
Net income per common share–basic	$	0.18		0.26		0.39		0.51
Net income per common share–diluted	$	0.18		0.26		0.39		0.51
Weighted average common shares outstanding–basic		481,103		479,083		480,500		479,074
Weighted average common shares outstanding–diluted		484,778		482,451		484,534		483,408