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Earnings Per Share ("EPS") (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2022, 2021, and 2020 (in thousands, except per share data):

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Net income

 

$

662,155

 

 

$

824,858

 

 

$

503,472

 

Preferred dividends

 

 

37,281

 

 

 

35,587

 

 

 

27,261

 

Net income available to common shareholders

 

$

624,874

 

 

$

789,271

 

 

$

476,211

 

Shares for basic and diluted calculation:

 

 

 

 

 

 

 

 

 

Average shares used in basic computation

 

 

108,848

 

 

 

107,536

 

 

 

106,174

 

Dilutive effect of stock options and units (1)

 

 

8,692

 

 

 

10,994

 

 

 

8,399

 

Average shares used in diluted computation

 

 

117,540

 

 

 

118,530

 

 

 

114,573

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

5.74

 

 

$

7.34

 

 

$

4.49

 

Diluted

 

$

5.32

 

 

$

6.66

 

 

$

4.16

 

 

(1)
Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include units.