| Calculations for basic and diluted earnings per common share |
Presented below are the calculations for basic and diluted earnings per common share: | | | | | | | | | | | | | | | | Three Months Ended Sep 30, | Nine Months Ended Sep 30, | | (in thousands, except per share data) | 2026 | 2025 | 2026 | 2025 | | Net income | $ | 146,586 | | $ | 124,732 | | $ | 389,785 | | $ | 337,648 | | | Preferred stock dividends | (2,875) | | (2,875) | | (8,625) | | (8,625) | | | Net income available to common equity | 143,711 | | 121,857 | | 381,160 | | 329,023 | | | Common shareholder dividends | (45,073) | | (38,340) | | (130,651) | | (114,977) | | | Unvested share-based payment awards | (105) | | (190) | | (325) | | (590) | | | Undistributed earnings | $ | 98,533 | | $ | 83,326 | | $ | 250,184 | | $ | 213,457 | | | Undistributed earnings allocated to common shareholders | $ | 98,311 | | $ | 82,913 | | $ | 249,505 | | $ | 212,415 | | | Undistributed earnings allocated to unvested share-based payment awards | 222 | | 413 | | 679 | | 1,042 | | | Undistributed earnings | $ | 98,533 | | $ | 83,326 | | $ | 250,184 | | $ | 213,457 | | | Basic | | | | | | Distributed earnings to common shareholders | $ | 45,073 | | $ | 38,340 | | $ | 130,651 | | $ | 114,977 | | | Undistributed earnings allocated to common shareholders | 98,311 | | 82,913 | | 249,505 | | 212,415 | | | Total common shareholders earnings, basic | $ | 143,384 | | $ | 121,253 | | $ | 380,156 | | $ | 327,392 | | | Diluted | | | | | | Distributed earnings to common shareholders | $ | 45,073 | | $ | 38,340 | | $ | 130,651 | | $ | 114,977 | | | Undistributed earnings allocated to common shareholders | 98,311 | | 82,913 | | 249,505 | | 212,415 | | | Total common shareholders earnings, diluted | $ | 143,384 | | $ | 121,253 | | $ | 380,156 | | $ | 327,392 | | | Weighted average common shares outstanding | 186,685 | | 165,029 | | 180,034 | | 165,064 | | | Effect of dilutive common stock awards | 1,815 | | 1,674 | | 1,748 | | 1,581 | | | | | | | | Diluted weighted average common shares outstanding | 188,500 | | 166,703 | | 181,782 | | 166,645 | | | Basic earnings per common share | $ | 0.77 | | $ | 0.73 | | $ | 2.11 | | $ | 1.98 | | | Diluted earnings per common share | $ | 0.76 | | $ | 0.73 | | $ | 2.09 | | $ | 1.96 | |
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