Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

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 September 30,						For the Nine Months Ended September 30,
(In Thousands, except per share data)	2019			2018			2019			2018
Net income	$	83,339		$	85,929		$	254,686		$	244,578
Preferred stock dividends	(3,801		)	(2,409		)	(11,402		)	(7,077		)
Net income available to common equity	$	79,539		$	83,521		$	243,285		$	237,501
Common shareholder dividends	(27,091		)	(25,486		)	(82,741		)	(77,035		)
Unvested share-based payment awards	(198		)	(128		)	(506		)	(396		)
Undistributed earnings	$	52,250		$	57,907		$	160,037		$	160,070
Undistributed earnings allocated to common shareholders	51,870			57,620			158,970			159,297
Undistributed earnings allocated to unvested share-based payment awards	380			288			1,067			772
Undistributed earnings	$	52,250		$	57,907		$	160,037		$	160,070
Basic
Distributed earnings to common shareholders	$	27,091		$	25,486		$	82,741		$	77,035
Undistributed earnings allocated to common shareholders	51,870			57,620			158,970			159,297
Total common shareholders earnings, basic	$	78,961		$	83,106		$	241,711		$	236,332
Diluted
Distributed earnings to common shareholders	$	27,091		$	25,486		$	82,741		$	77,035
Undistributed earnings allocated to common shareholders	51,870			57,620			158,970			159,297
Total common shareholders earnings, diluted	$	78,961		$	83,106		$	241,711		$	236,332
Weighted average common shares outstanding	159,126			170,516			161,727			168,249
Effect of dilutive common stock awards	1,256			2,188			1,334			2,101
Effect of dilutive common stock warrants	—			98			—			526
Diluted weighted average common shares outstanding	160,382			172,802			163,061			170,876
Basic earnings per common share	$	0.50		$	0.49		$	1.49		$	1.40
Diluted earnings per common share	$	0.49		$	0.48		$	1.48		$	1.38