Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table shows the calculation of both basic and diluted earnings per common share for the three and nine months ended September 30, 2023 and 2022:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands, except for share and per share data)
Net income available to common shareholders	$	137,219	$	174,947	$	414,926	$	381,744
Basic weighted average number of common shares outstanding	507,650,668		506,342,200		507,580,197		478,383,342
Plus: Common stock equivalents	1,605,931		2,348,797		1,623,854		2,242,015
Diluted weighted average number of common shares outstanding	509,256,599		508,690,997		509,204,051		480,625,357
Earnings per common share:
Basic	$	0.27	$	0.35	$	0.82	$	0.80
Diluted	0.27		0.34		0.81		0.79