Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

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.

	2020		2019		2018
Net Income	$	331,151	$	443,599	$	454,918
Less: Preferred stock dividends	2,016		8,063		8,063
Redemption of preferred stock	5,514		—		—
Net income available to common shareholders	323,621		435,536		446,855
Less: Earnings allocated to participating securities	3,136		3,687		3,169
Net earnings allocated to common stock	$	320,485	$	431,849	$	443,686
Distributed earnings allocated to common stock	$	178,863	$	175,540	$	164,268
Undistributed earnings allocated to common stock	141,622		256,309		279,418
Net earnings allocated to common stock	$	320,485	$	431,849	$	443,686
Weighted-average shares outstanding for basic earnings per common share	62,727,053		62,741,769		63,704,508
Dilutive effect of stock compensation	276,784		700,101		982,208
Weighted-average shares outstanding for diluted earnings per common share	63,003,837		63,441,870		64,686,716