Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Basic and Diluted Earnings Per Common Share

The following table presents a reconciliation of net income available to common shareholders, net earnings allocated to common stock and the number of shares used in the calculation of basic and diluted earnings per common share.



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Net income	$	80,219	$	75,850	$	220,542	$	221,090
Less: Preferred stock dividends	2,016		2,016		6,047		6,047
Net income available to common shareholders	78,203		73,834		214,495		215,043
Less: Earnings allocated to participating securities	282		260		769		744
Net earnings allocated to common stock	$	77,921	$	73,574	$	213,726	$	214,299

Distributed earnings allocated to common stock	$	33,918	$	33,030	$	100,203	$	98,674
Undistributed earnings allocated to common stock	44,003		40,544		113,523		115,625
Net earnings allocated to common stock	$	77,921	$	73,574	$	213,726	$	214,299

Weighted-average shares outstanding for basic earnings per common share	62,449,660		62,628,725		62,114,075		62,945,595
Dilutive effect of stock compensation	691,543		690,041		448,290		736,197
Weighted-average shares outstanding for diluted earnings per common share	63,141,203		63,318,766		62,562,365		63,681,792