Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE (Tables)

v3.26.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2026
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 months ended March 31, (dollars in thousands except per share data):

2026

2025

Net Income

Net Income

$

122,165

$

49,818

Less: Preferred stock dividends

2,967

2,967

Net income available to common shareholders

$

119,198

$

46,851

Weighted average shares outstanding, basic

 

141,902

 

89,222

Dilutive effect of stock awards and Forward Sale Agreements

 

379

 

851

Weighted average shares outstanding, diluted

 

142,281

 

90,073

Earnings per common share, basic

$

0.84

$

0.53

Earnings per common share, diluted

$

0.84

$

0.52