Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021 and 2020 (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net income	$	192,376	$	120,527	$	563,468	$	315,003
Preferred dividends		9,689		9,897		26,267		19,584
Net income available to common shareholders	$	182,687	$	110,630	$	537,201	$	295,419
Shares for basic and diluted calculation:
Average shares used in basic computation		107,379		105,941		107,655		106,221
Dilutive effect of stock options and units (1)		11,096		7,835		10,700		7,347
Average shares used in diluted computation		118,475		113,775		118,355		113,568
Earnings per common share:
Basic	$	1.70	$	1.04	$	4.99	$	2.78
Diluted	$	1.54	$	0.97	$	4.54	$	2.60

⁽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.