Equity and Net Income Per Common Share (Tables)

12 Months Ended

Dec. 31, 2025

Equity and Net Income Per Common Share

Schedule of weighted average shares outstanding


		Year Ended December 31,
(in thousands)		2023			2024			2025
Basic weighted average number of common shares outstanding			479,378			480,822			477,906
Add: Dilutive effect of RSUs			1,668			2,345			2,169
Add: Dilutive effect of PSUs			528			1,417			1,540
Add: Dilutive effect of Series A Preferred Stock			798			663			562
Diluted weighted average number of common shares outstanding			482,372			485,247			482,177

Schedule of net income per share


		Year Ended December 31,
(in thousands, except per share amounts)		2023			2024			2025
Net income		$	371,786			400,892			413,163
Less preferred stock dividends			(550)			(550)			(550)
Net income available to common shareholders		$	371,236			400,342			412,613

Net income per common share–basic		$	0.77			0.83			0.86
Net income per common share–diluted		$	0.77			0.83			0.86

Weighted average common shares outstanding–basic			479,378			480,822			477,906
Weighted average common shares outstanding–diluted			482,372			485,247			482,177