| Schedule of Basic and Diluted Net Income Per Share |
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) | 2026 | | 2025 | | 2026 | | 2025 | | 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 stock | 1,409 | | | 1,281 | | | 1,852 | | | 2,088 | | | | | | | | | | | Weighted average diluted shares outstanding | 383,273 | | | 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 | |
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