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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
Earnings per common share are calculated utilizing the two-class method. Basic earnings per common share are calculated by dividing the sum of distributed earnings to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding. Diluted earnings per common share are calculated by dividing the sum of distributed earnings to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding adjusted for the dilutive effect of common stock awards (outstanding stock options and unvested restricted stock awards). Presented below are the calculations for basic and diluted earnings per
common share:
 Three Months Ended Sep 30,Nine Months Ended Sep 30,
 (in thousands, except per share data)2025202420252024
Net income$124,732 $88,018 $337,648 $284,760 
Preferred stock dividends(2,875)(2,875)(8,625)(8,625)
Net income available to common equity121,857 85,143 329,023 276,135 
Common shareholder dividends(38,340)(33,413)(114,977)(100,131)
Unvested share-based payment awards(190)(185)(590)(502)
Undistributed earnings$83,326 $51,544 $213,457 $175,502 
Undistributed earnings allocated to common shareholders$82,913 $51,255 $212,415 $174,511 
Undistributed earnings allocated to unvested share-based payment awards413 289 1,042 991 
Undistributed earnings$83,326 $51,544 $213,457 $175,502 
Basic
Distributed earnings to common shareholders$38,340 $33,413 $114,977 $100,131 
Undistributed earnings allocated to common shareholders82,913 51,255 212,415 174,511 
Total common shareholders earnings, basic$121,253 $84,669 $327,392 $274,642 
Diluted
Distributed earnings to common shareholders$38,340 $33,413 $114,977 $100,131 
Undistributed earnings allocated to common shareholders82,913 51,255 212,415 174,511 
Total common shareholders earnings, diluted$121,253 $84,669 $327,392 $274,642 
Weighted average common shares outstanding165,029 150,247 165,064 149,993 
Effect of dilutive common stock awards1,674 1,244 1,581 1,251 
Diluted weighted average common shares outstanding166,703 151,492 166,645 151,244 
Basic earnings per common share$0.73 $0.56 $1.98 $1.83 
Diluted earnings per common share$0.73 $0.56 $1.96 $1.82 
Excluded from the earnings per common share calculations were 0.2 million and 1.9 million anti-dilutive common stock options for the three months ended September 30, 2025 and 2024, respectively