Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table shows the calculation of both basic and diluted earnings per common share for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands, except for share and per share data)
Net income available to common shareholders	$	135,030	$	93,241	$	277,707	$	206,797
Basic weighted average number of common shares outstanding	507,690,043		506,302,464		507,402,268		464,172,210
Plus: Common stock equivalents	952,982		2,176,742		1,674,035		2,148,473
Diluted weighted average number of common shares outstanding	508,643,025		508,479,206		509,076,303		466,320,683
Earnings per common share:
Basic	$	0.27	$	0.18	$	0.55	$	0.45
Diluted	0.27		0.18		0.55		0.44