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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

($ in thousands, except per share data)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income to common shareholders

 

$

114,557

 

 

$

117,794

 

 

$

223,169

 

 

$

244,261

 

Net income allocated to participating securities - basic and diluted

 

 

810

 

 

 

1,224

 

 

 

1,594

 

 

 

2,582

 

Net income allocated to common shareholders - basic and diluted

 

$

113,747

 

 

$

116,570

 

 

$

221,575

 

 

$

241,679

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

86,510

 

 

 

86,096

 

 

$

86,515

 

 

$

86,057

 

Dilutive potential common shares

 

 

255

 

 

 

274

 

 

 

253

 

 

 

293

 

Weighted-average common shares - diluted

 

 

86,765

 

 

 

86,370

 

 

$

86,768

 

 

$

86,350

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.31

 

 

$

1.35

 

 

$

2.56

 

 

$

2.81

 

Diluted

 

$

1.31

 

 

$

1.35

 

 

$

2.55

 

 

$

2.80