Years Ended December 31,

($ in thousands, except per share data)

2024

2023

2022

Numerator:

Net income to common shareholders

$

460,815

$

392,602

$

524,089

Net income or dividends allocated to participating securities - basic and diluted

3,027

4,014

7,620

Net income allocated to common shareholders - basic and diluted

$

457,788

$

388,588

$

516,469

Denominator:

Weighted-average common shares - basic

86,346

86,130

86,068

Dilutive potential common shares

302

293

326

Weighted-average common shares - diluted

86,648

86,423

86,394

Earnings per common share:

Basic

$

5.30

$

4.51

$

6.00

Diluted

$

5.28

$

4.50

$

5.98