Earnings Per Common Share (Tables)

12 Months Ended

Dec. 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.

	2024		2023		2022
Net Income	$	582,542	$	597,973	$	579,150
Less: Preferred stock dividends	6,675		6,675		6,675
Net income available to common shareholders	575,867		591,298		572,475
Less: Earnings allocated to participating securities	6,236		6,283		5,210
Net earnings allocated to common stock	$	569,631	$	585,015	$	567,265
Distributed earnings allocated to common stock	$	239,879	$	229,749	$	207,924
Undistributed earnings allocated to common stock	329,752		355,266		359,341
Net earnings allocated to common stock	$	569,631	$	585,015	$	567,265
Weighted-average shares outstanding for basic earnings per common share	64,120,455		64,204,239		64,156,870
Dilutive effect of stock compensation	142,191		200,594		363,648
Weighted-average shares outstanding for diluted earnings per common share	64,262,646		64,404,833		64,520,518