Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE (Tables)

v3.26.1
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, (dollars in thousands except per share data):

Three Months Ended

Six Months Ended

2026

2025

2026

2025

Net Income

Net Income

$

161,013

$

19,791

$

283,179

$

69,610

Less: Preferred stock dividends

2,967

2,967

5,934

5,934

Net income available to common shareholders

$

158,046

$

16,824

$

277,245

$

63,676

Weighted average shares outstanding, basic

 

142,099

 

141,680

 

142,001

 

115,596

Dilutive effect of stock awards and Forward Sale Agreements

 

222

 

58

 

300

 

461

Weighted average shares outstanding, diluted

 

142,321

 

141,738

 

142,301

 

116,057

Earnings per common share, basic

$

1.11

$

0.12

$

1.95

$

0.55

Earnings per common share, diluted

$

1.11

$

0.12

$

1.95

$

0.55