Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Common Share

Reconciliation of basic and diluted earnings per common share

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(In Thousands, Except Share Data)	2013		2012		2013		2012
Net income	$ 16,924		$ 13,355		$ 46,441		$ 36,175
Preferred stock dividends	(2,194	)	—		(5,021	)	—
Net income available to common shareholders	14,730		13,355		41,420		36,175
Income allocated to participating securities	(195	)	(206	)	(508	)	(250	)
Net income allocated to common shareholders	$ 14,535		$ 13,149		$ 40,912		$ 35,925
Basic weighted average common shares outstanding	97,199,329		95,555,816		96,967,052		95,303,453
Dilutive effect of stock options (1)	—		—		—		—
Diluted weighted average common shares outstanding	97,199,329		95,555,816		96,967,052		95,303,453
Basic EPS	$ 0.15		$ 0.14		$ 0.42		$ 0.38
Diluted EPS	$ 0.15		$ 0.14		$ 0.42		$ 0.38

(1) Excludes options to purchase 1,871,935 shares of common stock which were outstanding during the three months ended September 30, 2013; options to purchase 5,452,028 shares of common stock which were outstanding during the three months ended September 30, 2012; options to purchase 2,215,820 shares of common stock which were outstanding during the nine months ended September 30, 2013; and options to purchase 5,674,912 shares of common stock which were outstanding during the nine months ended September 30, 2012 because their inclusion would be anti-dilutive.