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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings Per Share
The following table presents the calculation of basic and diluted earnings per share for the periods indicated.
 
For the Years Ended December 31,
(In thousands, except per share data)
2016
 
2015
 
2014
Earnings per common share - basic
 
 
 
 
 
Net income
$
186,777

 
$
142,844

 
$
105,382

Preferred stock dividends
(7,977
)
 

 

Dividends and undistributed earnings allocated to unvested restricted shares
(1,872
)
 
(1,680
)
 
(1,651
)
Net income allocated to common shareholders - basic
$
176,928

 
$
141,164

 
$
103,731

Weighted average common shares outstanding
40,948

 
38,214

 
31,307

Earnings per common share - basic
4.32

 
3.69

 
3.31

 
 
 
 
 
 
Earnings per common share - diluted
 
 
 
 
 
Net income allocated to common shareholders - basic
$
176,928

 
$
141,164

 
$
103,731

Dividends and undistributed earnings allocated to unvested restricted shares
(37
)
 
(48
)
 
(34
)
Net income allocated to common shareholders - diluted
$
176,891

 
$
141,116

 
$
103,697

Weighted average common shares outstanding
40,948

 
38,214

 
31,307

Dilutive potential common shares
158

 
96

 
126

Weighted average common shares outstanding - diluted
41,106

 
38,310

 
31,433

Earnings per common share - diluted
$
4.30

 
$
3.68

 
$
3.30