Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income	$	169,760	$	107,975	$	387,976	$	342,058
Less: Preferred stock dividends	1,668		1,668		5,006		5,488
Net income available to common shareholders	168,092		106,307		382,970		336,570
Less: Earnings allocated to participating securities	1,503		932		3,414		3,228
Net earnings allocated to common stock	$	166,589	$	105,375	$	379,556	$	333,342
Distributed earnings allocated to common stock	$	55,820	$	47,740	$	151,963	$	139,224
Undistributed earnings allocated to common stock	110,769		57,635		227,593		194,118
Net earnings allocated to common stock	$	166,589	$	105,375	$	379,556	$	333,342
Weighted-average shares outstanding for basic earnings per common share	64,157,662		63,652,020		64,107,621		63,522,884
Dilutive effect of stock compensation	343,750		444,636		369,268		489,219
Weighted-average shares outstanding for diluted earnings per common share	64,501,412		64,096,656		64,476,889		64,012,103