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Earnings Per Common Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
Earnings per common share is computed using the two-class method as more fully described in our 2021 Form 10-K. 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
June 30,
Six Months Ended
June 30,
2022202120222021
Net income$119,114 $118,068 $218,216 $234,083 
Less: Preferred stock dividends1,669 1,669 3,338 3,820 
Net income available to common shareholders117,445 116,399 214,878 230,263 
Less: Earnings allocated to participating securities1,036 1,141 1,888 2,307 
Net earnings allocated to common stock$116,409 $115,258 $212,990 $227,956 
Distributed earnings allocated to common stock$48,092 $45,824 $96,143 $91,484 
Undistributed earnings allocated to common stock68,317 69,434 116,847 136,472 
Net earnings allocated to common stock$116,409 $115,258 $212,990 $227,956 
Weighted-average shares outstanding for basic earnings per common share64,112,828 63,606,340 64,082,185 63,457,245 
Dilutive effect of stock compensation354,401 495,819 382,395 511,288 
Weighted-average shares outstanding for diluted earnings per common share64,467,229 64,102,159 64,464,580 63,968,533