Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024		2023
Net income	$	135,690	$	177,653
Less: Preferred stock dividends	1,669		1,669
Net income available to common shareholders	134,021		175,984
Less: Earnings allocated to participating securities	1,639		1,807
Net earnings allocated to common stock	$	132,382	$	174,177
Distributed earnings allocated to common stock	$	59,080	$	56,006
Undistributed earnings allocated to common stock	73,302		118,171
Net earnings allocated to common stock	$	132,382	$	174,177
Weighted-average shares outstanding for basic earnings per common share	64,216,323		64,373,563
Dilutive effect of stock compensation	155,408		258,513
Weighted-average shares outstanding for diluted earnings per common share	64,371,731		64,632,076