Annual report [Section 13 and 15(d), not S-K Item 405]

EARNINGS PER SHARE (Tables)

v3.25.0.1
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2024
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 years ended December 31, (in thousands except per share data):

    

2024

    

2023

    

2022

Net Income:

 

  

 

  

 

  

Net income

$

209,131

$

201,818

$

234,510

Less: Preferred Stock Dividends

11,868

11,868

11,868

Net income available to common shareholders

$

197,263

$

189,950

$

222,642

Weighted average shares outstanding, basic

 

86,150

 

74,961

 

74,949

Dilutive effect of stock awards and equity forward contracts

 

1,759

 

1

 

4

Weighted average shares outstanding, diluted

 

87,909

 

74,962

 

74,953

Earnings per common share, basic

$

2.29

$

2.53

$

2.97

Earnings per common share, diluted

$

2.24

$

2.53

$

2.97