Earnings per Share (Tables)

9 Months Ended

Sep. 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)	September 30, 2021		June 30, 2021		September 30, 2020
Basic
Net income	$	90,088	$	96,302	$	66,566
Less: dividends and undistributed earnings allocated to participating securities	(937)		(1,034)		(612)
Net income allocated to common stockholders	$	89,151	$	95,268	$	65,954
Weighted average common shares outstanding	93,549,639		93,635,392		93,529,967
Basic earnings per common share	$	0.95	$	1.02	$	0.71
Diluted
Net income allocated to common stockholders	$	89,151	$	95,268	$	65,954
Weighted average common shares outstanding	93,549,639		93,635,392		93,529,967
Diluted effect of share-based compensation	511,085		582,636		189,200
Weighted average diluted common shares	94,060,724		94,218,028		93,719,167
Diluted earnings per common share	$	0.95	$	1.01	$	0.70

	Nine Months Ended
(Dollars in thousands, except per share data)	September 30, 2021		September 30, 2020
Basic
Net income (loss)	$	255,058	$	(6,785)
Less: dividends and undistributed earnings allocated to participating securities	(2,641)		(564)
Net income (loss) allocated to common stockholders	$	252,417	$	(7,349)
Weighted average common shares outstanding	93,571,468		74,391,688
Basic earnings (loss) per common share	$	2.70	$	(0.10)
Diluted
Net income (loss) allocated to common stockholders	$	252,417	$	(7,349)
Weighted average common shares outstanding	93,571,468		74,391,688
Diluted effect of share-based compensation	518,939		—
Weighted average diluted common shares	94,090,407		74,391,688
Diluted earnings (loss) per common share	$	2.68	$	(0.10)