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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2024
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)

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net income to common shareholders

 

$

108,612

 

 

$

126,467

 

Net income allocated to participating securities - basic and diluted

 

 

784

 

 

 

1,358

 

Net income allocated to common shareholders - basic and diluted

 

$

107,828

 

 

$

125,109

 

Denominator:

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

86,521

 

 

 

86,018

 

Dilutive potential common shares

 

 

205

 

 

 

264

 

Weighted-average common shares - diluted

 

 

86,726

 

 

 

86,282

 

Earnings per common share:

 

 

 

 

 

 

Basic

 

$

1.25

 

 

$

1.45

 

Diluted

 

$

1.24

 

 

$

1.45