Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share for the periods indicated.

	Three Months Ended September 30,					Nine Months Ended September 30,
(In thousands, except per share data)	2017		2016			2017		2016
Earnings per common share - basic:
Net income	$	29,644	$	48,068		$	132,135	$	141,647
Less: Preferred stock dividends	3,598		3,590			8,146		7,020
Less: Dividends and undistributed earnings allocated to unvested restricted shares	283		462			1,052		1,464
Net income allocated to common shareholders - basic	$	25,763	$	44,016		$	122,937	$	133,163
Weighted average common shares outstanding	52,424		40,618			49,749		40,699
Earnings per common share - basic	0.49		1.08			2.47		3.27
Earnings per common share - diluted:
Net income allocated to common shareholders - basic	$	25,763	$	44,016		$	122,937	$	133,163
Adjustment for undistributed earnings allocated to unvested restricted shares	8		(4		)	—		(17		)
Net income allocated to common shareholders - diluted	$	25,771	$	44,012		$	122,937	$	133,146
Weighted average common shares outstanding	52,424		40,618			49,749		40,699
Dilutive potential common shares	346		193			357		119
Weighted average common shares outstanding - diluted	52,770		40,811			50,106		40,818
Earnings per common share - diluted	$	0.49	$	1.08		$	2.45	$	3.26