Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Summary of Table Reconciling Basic and Diluted Net Income Per Share

The following table presents the calculation of basic and diluted net income per common share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars and shares in thousands, except per share data)	2022		2021		2022		2021
Net income	$	140,153	$	71,746	$	227,552	$	221,350
Preferred dividends	(4,034)		—		(10,084)		—
Net income applicable to common shares	$	136,119	$	71,746	$	217,468	$	221,350
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)	290,961		165,258		269,843		165,144
Effect of dilutive securities:
Restricted stock	1,516		660		1,273		696
Stock appreciation rights	6		21		7		22
Weighted average diluted shares outstanding	292,483		165,939		271,123		165,862
Basic Net Income Per Common Share	$	0.47	$	0.43	$	0.81	$	1.34
Diluted Net Income Per Common Share	$	0.47	$	0.43	$	0.80	$	1.33