v3.26.1
NET INCOME PER COMMON SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE NET INCOME PER COMMON SHARE
Basic and diluted net income per common share are calculated using the two-class method. Net income applicable to common shares is divided by the weighted-average number of common shares outstanding during the period. Adjustments to the weighted-average number of common shares outstanding are made only when such adjustments will dilute net income per common share. Net income applicable to common shares is then divided by the weighted-average number of common shares and common share equivalents during the period.
The following table presents the calculation of basic and diluted net income per common share:
Three Months Ended
June 30,		Six Months Ended
June 30,
(dollars and shares in thousands, except per share data)2026202520262025
Net income$253,414 $125,408 $487,086 $270,067 
Preferred dividends(4,033)(4,033)(8,067)(8,067)
Net income applicable to common shares$249,381 $121,375 $479,019 $262,000 
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)381,864 360,155 383,845 338,162 
Effect of dilutive securities:
Restricted stock1,409 1,281 1,852 2,088 
Weighted average diluted shares outstanding383,273 361,436 385,697 340,250 
Basic Net Income Per Common Share$0.65 $0.34 $1.25 $0.78 
Diluted Net Income Per Common Share$0.65 $0.34 $1.24 $0.77