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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Computation of Earnings Per Common Share

A summary of the information used in the computation of earnings per common share follows.

 

 

Three Months Ended

 

 

 

March 31,

 

($ in thousands, except per share data)

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net income to common shareholders

 

$

126,467

 

 

$

123,478

 

Net income allocated to participating securities - basic and diluted

 

 

1,358

 

 

 

1,918

 

Net income allocated to common shareholders - basic and diluted

 

$

125,109

 

 

$

121,560

 

Denominator:

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

86,018

 

 

 

86,660

 

Dilutive potential common shares

 

 

264

 

 

 

276

 

Weighted-average common shares - diluted

 

 

86,282

 

 

 

86,936

 

Earnings per common share:

 

 

 

 

 

 

Basic

 

$

1.45

 

 

$

1.40

 

Diluted

 

$

1.45

 

 

$

1.40