Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Reconciliation of the Denominators of the Basic and Diluted EPS Computations) (Details)

v3.20.4
EARNINGS PER SHARE (Reconciliation of the Denominators of the Basic and Diluted EPS Computations) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net Income:      
Income from continuing operations $ 158,228 $ 193,698 $ 149,413
Income (loss) from discontinued operations 0 (170) (3,165)
Net income [1],[2] 158,228 193,528 146,248
Preferred Stock Dividends 5,658 0 0
Net Income available to common shareholders $ 152,570 $ 193,528 $ 146,248
Weighted average shares outstanding, basic (in shares) 78,858,726 80,200,950 65,859,165
Dilutive effect of stock awards and warrants 17,000 63,000 50,000
Weighted average shares outstanding, diluted 78,875,668 80,263,557 65,908,573
Basic EPS:      
EPS from continuing operations (dollar per share) $ 1.93 $ 2.41 $ 2.27
EPS from discontinued operations (dollar per share) 0 0 (0.05)
EPS available to common stockholders (dollar per share) 1.93 2.41 2.22
Diluted EPS:      
EPS from continuing operations (dollar per share) 1.93 2.41 2.27
EPS from discontinued operations (dollar per share) 0 0 (0.05)
EPS available to common stockholders (dollar per share) $ 1.93 $ 2.41 $ 2.22
[1] Discontinued operations have an immaterial impact to the Company’s Consolidated Statements of Cash Flows. The change in goodwill impairment losses included in the Operating Activities section above are attributable to discontinued operations.
[2] Loans held for sale activity is included in the Operating Activities section above. Due to the increased mortgage related activity during 2020 and 2019, the loans held for sale activity is segregated between originations and purchases of loans held for sale and proceeds from sales of loans held for sale. 2018 loans held for sale activity is included in the change in loans held for sale and is attributable to discontinued operations which has an immaterial impact on the Company’s Consolidated Statements of Cash Flows.