Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

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:

	Three Months Ended March 31,
(In Thousands, except per share data)	2020		2019
Net income	$	45,838	$	86,686
Preferred stock dividends	(3,801)		(3,801)
Net income available to common equity	42,037		82,885
Common shareholder dividends	(28,264)		(28,080)
Unvested share-based payment awards	(128)		(103)
Undistributed earnings	$	13,645	$	54,702
Undistributed earnings allocated to common shareholders	$	13,555	$	54,410
Undistributed earnings allocated to unvested share-based payment awards	90		292
Undistributed earnings	$	13,645	$	54,702
Basic
Distributed earnings to common shareholders	$	28,264	$	28,080
Undistributed earnings allocated to common shareholders	13,555		54,410
Total common shareholders earnings, basic	$	41,819	$	82,490
Diluted
Distributed earnings to common shareholders	$	28,264	$	28,080
Undistributed earnings allocated to common shareholders	13,555		54,410
Total common shareholders earnings, diluted	$	41,819	$	82,490
Weighted average common shares outstanding	154,701		163,928
Effect of dilutive common stock awards	918		1,505
Diluted weighted average common shares outstanding	155,619		165,433
Basic earnings per common share	$	0.27	$	0.50
Diluted earnings per common share	$	0.27	$	0.50