Earnings Per Share ("EPS") (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2023 and 2022 (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income	$	68,161	$	151,169	$	360,052	$	485,534
Preferred dividends		9,321		9,320		27,961		27,961
Net income available to common shareholders	$	58,840	$	141,849	$	332,091	$	457,573
Shares for basic and diluted calculation:
Average shares used in basic computation		106,068		108,767		107,580		109,017
Dilutive effect of stock options and units (1)		7,127		8,451		6,590		8,632
Average shares used in diluted computation		113,195		117,218		114,170		117,649
Earnings per common share:
Basic	$	0.55	$	1.30	$	3.09	$	4.20
Diluted	$	0.52	$	1.21	$	2.91	$	3.89

(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.