Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Basic and Diluted

The following table sets forth the computation of basic and diluted net income per common share under the two-class method for the three and nine months ended September 30, 2024 and September 30, 2023:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Basic Earnings Per Share
Net Income	$	122,549,041	$	104,725,412	$	316,820,194	$	311,459,076
Less: Dividends and undistributed earnings allocated to participating securities	1,604,095		1,537,105		4,418,133		4,636,523
Net Income available to common shareholders	$	120,944,946	$	103,188,307	$	312,402,061	$	306,822,553
Basic weighted average shares outstanding	226,002,347		230,047,014		226,646,541		229,866,008
Net Income per share - Basic	$	0.54	$	0.45	$	1.38	$	1.33
Diluted Earnings Per Share
Allocation of Net Income used in basic computation	$	120,944,946	$	103,188,307	$	312,402,061	$	306,822,553
Reallocation of undistributed earnings	1,288		1,978		5,183		4,577
Net Income available to common shareholders - Diluted	$	120,946,234	$	103,190,285	$	312,407,244	$	306,827,130
Number of shares used in basic computation	226,002,347		230,047,014		226,646,541		229,866,008
Additional weighted average dilutive common stock equivalents	239,337		410,397		363,391		315,666
Diluted weighted average shares outstanding	226,241,684		230,457,411		227,009,932		230,181,674
Net Income per share - Diluted	$	0.53	$	0.45	$	1.38	$	1.33
Shares related to stock plans not included in diluted average common shares outstanding because their effect would be anti-dilutive	1,619,446		1,384,066		625,410		1,410,341