Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2026

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,
	2026		2025
Net income	$	170,987	$	150,922
Less: Preferred stock dividends	1,669		1,669
Net income available to common shareholders	169,318		149,253
Less: Earnings allocated to participating securities	2,111		1,445
Net earnings allocated to common stock	$	167,207	$	147,808
Distributed earnings allocated to common stock	$	63,126	$	61,068
Undistributed earnings allocated to common stock	104,081		86,740
Net earnings allocated to common stock	$	167,207	$	147,808
Weighted-average shares outstanding for basic earnings per common share	63,101,492		64,255,246
Dilutive effect of stock compensation	—		73,798
Weighted-average shares outstanding for diluted earnings per common share	63,101,492		64,329,044