Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2021

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
(Dollars in thousands, except per share data)	June 30, 2021		March 31, 2021		June 30, 2020
Basic
Net income (loss)	$	96,302	$	68,668	$	(99,091)
Less: dividends and undistributed earnings allocated to participating securities	(1,034)		(665)		(222)
Net income (loss) allocated to common stockholders	$	95,268	$	68,003	$	(99,313)
Weighted average common shares outstanding	93,635,392		93,529,147		70,425,027
Basic earnings (loss) per common share	$	1.02	$	0.73	$	(1.41)
Diluted
Net income (loss) allocated to common stockholders	$	95,268	$	68,003	$	(99,313)
Weighted average common shares outstanding	93,635,392		93,529,147		70,425,027
Diluted effect of share-based compensation	582,636		564,497		—
Weighted average diluted common shares	94,218,028		94,093,644		70,425,027
Diluted earnings (loss) per common share	$	1.01	$	0.72	$	(1.41)

	Six Months Ended
(Dollars in thousands, except per share data)	June 30, 2021		June 30, 2020
Basic
Net income (loss)	$	164,970	$	(73,351)
Less: dividends and undistributed earnings allocated to participating securities	(1,672)		(356)
Net income (loss) allocated to common stockholders	$	163,298	$	(73,707)
Weighted average common shares outstanding	93,582,563		64,716,109
Basic earnings (loss) per common share	$	1.74	$	(1.14)
Diluted
Net income (loss) allocated to common stockholders	$	163,298	$	(73,707)
Weighted average common shares outstanding	93,582,563		64,716,109
Diluted effect of share-based compensation	573,177		—
Weighted average diluted common shares	94,155,740		64,716,109
Diluted earnings (loss) per common share	$	1.73	$	(1.14)