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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

($ in thousands, except per share data)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income to common shareholders

 

$

117,794

 

 

$

121,435

 

 

$

244,261

 

 

$

244,913

 

Net income allocated to participating securities - basic and diluted

 

 

1,224

 

 

 

1,844

 

 

 

2,582

 

 

 

3,762

 

Net income allocated to common shareholders - basic and diluted

 

$

116,570

 

 

$

119,591

 

 

$

241,679

 

 

$

241,151

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

86,096

 

 

 

86,067

 

 

$

86,057

 

 

$

86,362

 

Dilutive potential common shares

 

 

274

 

 

 

287

 

 

 

293

 

 

 

292

 

Weighted-average common shares - diluted

 

 

86,370

 

 

 

86,354

 

 

$

86,350

 

 

$

86,654

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.35

 

 

$

1.39

 

 

$

2.81

 

 

$

2.79

 

Diluted

 

$

1.35

 

 

$

1.38

 

 

$

2.80

 

 

$

2.78