Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

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 June 30,						Six Months Ended June 30,
(In thousands, except per share data)	2018			2017			2018			2017
Earnings per common share - basic:
Net income	$	75,124		$	52,018		$	138,745		$	102,491
Less: Preferred stock dividends	949			949			4,547			4,548
Less: Dividends and undistributed earnings allocated to unvested restricted shares	767			361			1,409			707
Net income allocated to common shareholders - basic	$	73,408		$	50,708		$	132,789		$	97,236
Weighted average common shares outstanding	55,931			50,630			54,780			48,389
Earnings per common share - basic	1.31			1.00			2.42			2.01
Earnings per common share - diluted:
Net income allocated to common shareholders - basic	$	73,408		$	50,708		$	132,789		$	97,236
Adjustment for undistributed earnings allocated to unvested restricted shares	(7		)	(2		)	(26		)	(39		)
Net income allocated to common shareholders - diluted	$	73,401		$	50,706		$	132,763		$	97,197
Weighted average common shares outstanding	55,931			50,630			54,780			48,389
Dilutive potential common shares	356			354			353			362
Weighted average common shares outstanding - diluted	56,287			50,984			55,133			48,751
Earnings per common share - diluted	$	1.30		$	0.99		$	2.41		$	1.99