Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

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.

	2023		2022		2021
Net Income	$	597,973	$	579,150	$	443,079
Less: Preferred stock dividends	6,675		6,675		7,157
Net income available to common shareholders	591,298		572,475		435,922
Less: Earnings allocated to participating securities	6,283		5,210		3,881
Net earnings allocated to common stock	$	585,015	$	567,265	$	432,041
Distributed earnings allocated to common stock	$	229,749	$	207,924	$	187,202
Undistributed earnings allocated to common stock	355,266		359,341		244,839
Net earnings allocated to common stock	$	585,015	$	567,265	$	432,041
Weighted-average shares outstanding for basic earnings per common share	64,204,239		64,156,870		63,612,658
Dilutive effect of stock compensation	200,594		363,648		489,462
Weighted-average shares outstanding for diluted earnings per common share	64,404,833		64,520,518		64,102,120