Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2018

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.

	Three Months Ended September 30,					Nine Months Ended September 30,
(In thousands, except per share data)	2018			2017		2018			2017
Earnings per common share - basic:
Net income	$	101,465		$	29,644	$	240,210		$	132,135
Less: Preferred stock dividends	3,599			3,598		8,146			8,146
Less: Dividends and undistributed earnings allocated to unvested restricted shares	908			283		2,341			1,052
Net income allocated to common shareholders - basic	$	96,958		$	25,763	$	229,723		$	122,937
Weighted average common shares outstanding	55,571			52,424		55,047			49,749
Earnings per common share - basic	1.74			0.49		4.17			2.47
Earnings per common share - diluted:
Net income allocated to common shareholders - basic	$	96,958		$	25,763	$	229,723		$	122,937
Adjustment for undistributed earnings allocated to unvested restricted shares	(25		)	8		(49		)	—
Net income allocated to common shareholders - diluted	$	96,933		$	25,771	$	229,674		$	122,937
Weighted average common shares outstanding	55,571			52,424		55,047			49,749
Dilutive potential common shares	374			346		360			357
Weighted average common shares outstanding - diluted	55,945			52,770		55,407			50,106
Earnings per common share - diluted	$	1.73		$	0.49	$	4.14		$	2.45