Three Months Ended December 31,

2022

2021

Basic Earnings Per Common Share:

Net Income

$

91.0

$

55.7

Less: Provision for preferred dividends

3.7

Income allocated to participating securities

0.1

Income Available to Common Shareholders

$

87.2

$

51.9

Weighted Average Common Shares Outstanding (in millions)

52.4

51.6

Basic Earnings Per Common Share

$

1.66

$

1.01

Diluted Earnings Per Common Share:

Net Income

$

91.0

$

55.7

Less: Provision for preferred dividends

3.7

Income allocated to participating securities

0.1

Income Available to Common Shareholders

$

87.2

$

51.9

Weighted Average Common Shares Outstanding (in millions)

52.4

51.6

Dilutive Effect of Restricted Stock and Restricted Stock Units (in millions)*

0.2

0.1

Weighted Average Diluted Common Shares (in millions)

52.6

51.7

Diluted Earnings Per Common Share

$

1.66

$

1.01

* Calculation excludes certain outstanding common shares (shown in millions by period at the right) attributable to stock units subject to performance or market conditions and restricted stock, which could have a dilutive effect in the future

0.2