Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Net income per share

The following table presents the computations of basic and diluted net earnings per common share for the periods indicated:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(Dollars in thousands, except per share data)
Basic Earnings Per Common Share:
Net earnings	$	131,616	$	139,996	$	374,104	$	470,914
Less: Preferred stock dividends	(9,392)		—		(9,392)		—
Net earnings available to common stockholders	122,224		139,996		364,712		470,914
Less: Earnings allocated to unvested restricted stock(1)	(2,331)		(2,417)		(6,721)		(7,930)
Net earnings allocated to common shares	$	119,893	$	137,579	$	357,991	$	462,984
Weighted-average basic shares and unvested restricted
stock outstanding	120,342		119,569		119,989		119,272
Less: Weighted-average unvested restricted stock
outstanding	(2,556)		(2,340)		(2,422)		(2,235)
Weighted-average basic shares outstanding	117,786		117,229		117,567		117,037
Basic earnings per common share	$	1.02	$	1.17	$	3.04	$	3.96
Diluted Earnings Per Common Share:
Net earnings allocated to common shares	$	119,893	$	137,579	$	357,991	$	462,984
Weighted-average diluted shares outstanding	117,786		117,229		117,567		117,037
Diluted earnings per common share	$	1.02	$	1.17	$	3.04	$	3.96

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(1)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.