Computation of Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

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						Nine Months Ended
	September 30,						September 30,
(in thousands, except share and per share amounts)	2020			2019			2020			2019
Net income available to common shareholders	$	107,563		$	90,839		$	296,824		$	269,248
Less: Dividends paid on and earnings allocated to    participating securities		(1,295	)		(1,073	)		(3,658	)		(3,245	)
Earnings applicable to common stock	$	106,268		$	89,766		$	293,166		$	266,003
Weighted average common shares outstanding		461,780,959			465,357,326			462,898,726			465,400,372
Basic earnings per common share	$	0.23		$	0.19		$	0.63		$	0.57
Earnings applicable to common stock	$	106,268		$	89,766		$	293,166		$	266,003
Weighted average common shares outstanding		461,780,959			465,357,326			462,898,726			465,400,372
Potential dilutive common shares		864,855			418,674			614,082			237,708
Total shares for diluted earnings per common share    computation		462,645,814			465,776,000			463,512,808			465,638,080
Diluted earnings per common share and common share    equivalents	$	0.23		$	0.19		$	0.63		$	0.57