Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.22.2.2
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Reconciliation of the Denominators of the Basic and Diluted EPS Computations

The following table presents basic and diluted EPS calculations for the three and nine months ended September 30, 2022 and 2021 (dollars in thousands except per share data):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2022

2021

2022

2021

Net Income:

Net Income

$

58,070

$

74,565

$

163,986

$

216,138

Less: Preferred Stock Dividends

2,967

2,967

8,901

8,901

Net income available to common shareholders

$

55,103

$

71,598

$

155,085

$

207,237

Weighted average shares outstanding, basic

 

74,704

 

76,309

 

75,029

 

77,989

Dilutive effect of stock awards

 

1

 

14

 

5

 

19

Weighted average shares outstanding, diluted

 

74,705

 

76,323

 

75,034

 

78,008

Earnings per common share, basic

$

0.74

$

0.94

$

2.07

$

2.66

Earnings per common share, diluted

$

0.74

$

0.94

$

2.07

$

2.66