Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Calculations for basic and diluted earnings per common share

Presented below are the calculations for basic and diluted earnings per common share.

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2018			2017			2018			2017
	(In Thousands, except per share data)
Net income	$	89,192		$	57,983		$	158,648		$	114,253
Preferred stock dividends	(2,329		)	(2,339		)	(4,668		)	(4,669		)
Net income available to common equity	$	86,863		$	55,644		$	153,980		$	109,584
Common shareholder dividends	(25,977		)	(18,326		)	(51,549		)	(36,577		)
Unvested share-based payment awards	(130		)	(110		)	(269		)	(227		)
Undistributed earnings	$	60,756		$	37,208		$	102,162		$	72,780
Undistributed earnings allocated to common shareholders	60,446			36,980			101,677			72,273
Undistributed earnings allocated to unvested share-based payment awards	310			228			485			507
Undistributed earnings	$	60,756		$	37,208		$	102,162		$	72,780
Basic
Distributed earnings to common shareholders	$	25,977		$	18,326		$	51,549		$	36,577
Undistributed earnings allocated to common shareholders	60,446			36,980			101,677			72,273
Total common shareholders earnings, basic	$	86,423		$	55,306		$	153,226		$	108,850
Diluted
Distributed earnings to common shareholders	$	25,977		$	18,326		$	51,549		$	36,577
Undistributed earnings allocated to common shareholders	60,446			36,980			101,677			72,273
Total common shareholders earnings, diluted	$	86,423		$	55,306		$	153,226		$	108,850
Weighted average common shares outstanding	170,633			151,573			167,096			151,196
Effect of dilutive common stock awards	2,146			1,958			2,080			2,155
Effect of dilutive common stock warrants	630			771			744			796
Diluted weighted average common shares outstanding	173,409			154,302			169,920			154,147
Basic earnings per common share	$	0.51		$	0.36		$	0.92		$	0.72
Diluted earnings per common share	$	0.50		$	0.36		$	0.90		$	0.71