Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

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.

	2021		2020		2019
Net Income	$	443,079	$	331,151	$	443,599
Less: Preferred stock dividends	7,157		2,016		8,063
Redemption of preferred stock	—		5,514		—
Net income available to common shareholders	435,922		323,621		435,536
Less: Earnings allocated to participating securities	3,881		3,136		3,687
Net earnings allocated to common stock	$	432,041	$	320,485	$	431,849
Distributed earnings allocated to common stock	$	187,202	$	178,863	$	175,540
Undistributed earnings allocated to common stock	244,839		141,622		256,309
Net earnings allocated to common stock	$	432,041	$	320,485	$	431,849
Weighted-average shares outstanding for basic earnings per common share	63,612,658		62,727,053		62,741,769
Dilutive effect of stock compensation	489,462		276,784		700,101
Weighted-average shares outstanding for diluted earnings per common share	64,102,120		63,003,837		63,441,870