Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2023 and 2022 (in thousands, except per share data):

	Three Months Ended March 31,
	2023		2022
Net income	$	157,539	$	173,549
Preferred dividends		9,320		9,320
Net income available to common shareholders	$	148,219	$	164,229
Shares for basic and diluted calculation:
Average shares used in basic computation		108,754		109,205
Dilutive effect of stock options and units (1)		6,636		8,935
Average shares used in diluted computation		115,390		118,140
Earnings per common share:
Basic	$	1.36	$	1.50
Diluted	$	1.28	$	1.39

(1)Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include units.