Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of Company's unaudited earnings per share calculations

The following tables set forth the Corporation’s earnings per share calculations for the periods indicated:

	Three Months Ended
	September 30, 2020		June 30, 2020		September 30, 2019
	(Dollars in thousands, except per share data)
Basic
Net income (loss)	$	66,566	$	(99,091)	$	41,375
Less: Dividends and undistributed earnings allocated to participating securities	(612)		(222)		(432)
Net income (loss) allocated to common stockholders	$	65,954	$	(99,313)	$	40,943
Weighted average common shares outstanding	93,529,967		70,425,027		59,293,218
Basic earnings (loss) per common share	$	0.71	$	(1.41)	$	0.69
Diluted
Net income (loss) allocated to common stockholders	$	65,954	$	(99,313)	$	40,943
Weighted average common shares outstanding	93,529,967		70,425,027		59,293,218
Diluted effect of share-based compensation	189,200		—		377,637
Weighted average diluted common shares	93,719,167		70,425,027		59,670,855
Diluted earnings (loss) per common share	$	0.70	$	(1.41)	$	0.69

	Nine Months Ended
	September 30, 2020		September 30, 2019
	(Dollars in thousands, except per share data)
Basic
Net income (loss)	$	(6,785)	$	118,620
Less: Dividends and undistributed earnings allocated to participating securities	(564)		(1,223)
Net income (loss) allocated to common stockholders	$	(7,349)	$	117,397
Weighted average common shares outstanding	74,391,688		60,853,081
Basic earnings (loss) per common share	$	(0.10)	$	1.93
Diluted
Net income (loss) allocated to common stockholders	$	(7,349)	$	117,397
Weighted average common shares outstanding	74,391,688		60,853,081
Diluted effect of share-based compensation	—		348,777
Weighted average diluted common shares	74,391,688		61,201,858
Diluted earnings (loss) per common share	$	(0.10)	$	1.92