Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

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.

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income	$	119,114	$	118,068	$	218,216	$	234,083
Less: Preferred stock dividends	1,669		1,669		3,338		3,820
Net income available to common shareholders	117,445		116,399		214,878		230,263
Less: Earnings allocated to participating securities	1,036		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 stock	68,317		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 share	64,112,828		63,606,340		64,082,185		63,457,245
Dilutive effect of stock compensation	354,401		495,819		382,395		511,288
Weighted-average shares outstanding for diluted earnings per common share	64,467,229		64,102,159		64,464,580		63,968,533