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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Calculations for basic and diluted earnings per common share
Presented below are the calculations for basic and diluted earnings per common share.
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands, except per share data)
Net income
$
49,091

 
$
49,400

 
$
91,625

 
$
96,072

Preferred stock dividends
(2,169
)
 
(1,545
)
 
(4,367
)
 
(2,773
)
Net income available to common equity
$
46,922

 
$
47,855

 
$
87,258

 
$
93,299

Common shareholder dividends
$
(16,443
)
 
$
(15,056
)
 
$
(32,646
)
 
$
(30,222
)
Unvested share-based payment awards
(182
)
 
(172
)
 
(388
)
 
(286
)
Undistributed earnings
$
30,297

 
$
32,627

 
$
54,224

 
$
62,791

Undistributed earnings allocated to common shareholders
$
29,963

 
$
32,262

 
$
53,649

 
$
62,148

Undistributed earnings allocated to unvested share-based payment awards
334

 
365

 
575

 
643

Undistributed earnings
$
30,297

 
$
32,627

 
$
54,224

 
$
62,791

Basic
 
 
 
 
 
 
 
Distributed earnings to common shareholders
$
16,443

 
$
15,056

 
$
32,646

 
$
30,222

Undistributed earnings allocated to common shareholders
29,963

 
32,262

 
53,649

 
62,148

Total common shareholders earnings, basic
$
46,406

 
$
47,318

 
$
86,295

 
$
92,370

Diluted
 
 
 
 
 
 
 
Distributed earnings to common shareholders
$
16,443

 
$
15,056

 
$
32,646

 
$
30,222

Undistributed earnings allocated to common shareholders
29,963

 
32,262

 
53,649

 
62,148

Total common shareholders earnings, diluted
$
46,406

 
$
47,318

 
$
86,295

 
$
92,370

Weighted average common shares outstanding
148,511

 
149,903

 
148,556

 
149,986

Effect of dilutive common stock awards
1,019

 
1,205

 
962

 
1,143

Diluted weighted average common shares outstanding
149,530

 
151,108

 
149,518

 
151,129

Basic earnings per common share
$
0.31

 
$
0.32

 
$
0.58

 
$
0.62

Diluted earnings per common share
$
0.31

 
$
0.31

 
$
0.58

 
$
0.61