Computation of Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

Computation of Basic and Diluted EPS

The following table presents the Company’s computation of basic and diluted EPS for the periods indicated:

	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2018			2017
Net income available to common shareholders	$	98,345		$	103,957
Less: Dividends paid on and earnings allocated to participating securities		(900	)		(819	)
Earnings applicable to common stock	$	97,445		$	103,138
Weighted average common shares outstanding		488,140,102			486,511,756
Basic earnings per common share	$	0.20		$	0.21
Earnings applicable to common stock	$	97,445		$	103,138
Weighted average common shares outstanding		488,140,102			486,511,756
Potential dilutive common shares		—			—
Total shares for diluted earnings per common share computation		488,140,102			486,511,756
Diluted earnings per common share and common share equivalents	$	0.20		$	0.21