Summary of Basic and Diluted Earnings Per Common Share |
The following table presents a comparison of earnings per common share and earnings per diluted common share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | | | | | Six months ended June 30, | | | | 2025 | | 2024 | | | | | | | | 2025 | | | | 2024 | | | | | | | | | | | | | | | | | | | | | Earnings per common share | | | | | | | | | | | | | | | | | | Net income | $ | 223,358 | | | $ | 211,964 | | | | | | | | | $ | 417,427 | | | | | $ | 607,425 | | | | | | | | | | | | | | | | | | | | | | Less: Preferred share dividends | 7,563 | | | 7,563 | | | | | | | | | 15,125 | | | | | 15,125 | | | | | | | | | | | | | | | | | | | | | | Net income available to common shareholders | $ | 215,795 | | | $ | 204,401 | | | | | | | | | 402,302 | | | | | 592,300 | | | | Weighted average common shares outstanding | 78,378 | | | 84,475 | | | | | | | | | 79,757 | | | | | 84,677 | | | | Earnings per common share | $ | 2.75 | | | $ | 2.42 | | | | | | | | | $ | 5.04 | | | | | $ | 6.99 | | | | | | | | | | | | | | | | | | | | | | Earnings per diluted common share | | | | | | | | | | | | | | | | | | Net income available to common shareholders | $ | 215,795 | | | $ | 204,401 | | | | | | | | | $ | 402,302 | | | | | $ | 592,300 | | | | | | | | | | | | | | | | | | | | | | Weighted average common shares outstanding | 78,378 | | | 84,475 | | | | | | | | | 79,757 | | | | | 84,677 | | | | | | | | | | | | | | | | | | | | | | Share-based compensation plans | 951 | | | 851 | | | | | | | | | 1,088 | | | | | 832 | | | | Weighted average diluted common shares outstanding | 79,329 | | | 85,326 | | | | | | | | | 80,845 | | | | | 85,509 | | | | | | | | | | | | | | | | | | | | | | Earnings per diluted common share | $ | 2.72 | | | $ | 2.40 | | | | | | | | | $ | 4.98 | | | | | $ | 6.93 | | | | | | | | | | | | | | | | | | | | | | Weighted average anti-dilutive shares excluded from the dilutive computation | 7 | | | 6 | | | | | | | | | 3 | | | | | 377 | | | | | | | | | | | | | | | | | | | | |
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