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Earnings Per Common Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
Earnings per common share is computed using the two-class method as more fully described in our 2025 Form 10-K. 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,
2026202520262025
Net income$180,209 $174,380 $523,255 $482,305 
Less: Preferred stock dividends1,668 1,668 5,006 5,006 
Net income available to common shareholders178,541 172,712 518,249 477,299 
Less: Earnings allocated to participating securities2,345 1,737 6,525 4,713 
Net earnings allocated to common stock$176,196 $170,975 $511,724 $472,586 
Distributed earnings allocated to common stock$63,977 $64,025 $191,116 $189,402 
Undistributed earnings allocated to common stock112,219 106,950 320,608 283,184 
Net earnings allocated to common stock$176,196 $170,975 $511,724 $472,586 
Weighted-average shares outstanding for basic earnings per common share62,117,196 64,080,473 62,554,196 64,211,247 
Dilutive effect of stock compensation— 40,042 — 54,999 
Weighted-average shares outstanding for diluted earnings per common share62,117,196 64,120,515 62,554,196 64,266,246