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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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.
 
For the Years Ended December 31,
(In thousands, except per share data)
2018
 
2017
 
2016
Earnings per common share - basic
 
 
 
 
 
Net income
$
370,249

 
$
142,413

 
$
186,777

Preferred stock dividends
(9,095
)
 
(9,095
)
 
(7,977
)
Dividends and undistributed earnings allocated to unvested restricted shares
(3,583
)
 
(1,210
)
 
(1,872
)
Earnings allocated to common shareholders - basic
$
357,571

 
$
132,108

 
$
176,928

Weighted average common shares outstanding
55,008

 
50,640

 
40,948

Earnings per common share - basic
6.50

 
2.61

 
4.32

 
 
 
 
 
 
Earnings per common share - diluted
 
 
 
 
 
Earnings allocated to common shareholders - basic
$
357,571

 
$
132,108

 
$
176,928

Dividends and undistributed earnings allocated to unvested restricted shares
(49
)
 
(1
)
 
(37
)
Earnings allocated to common shareholders - diluted
$
357,522

 
$
132,107

 
$
176,891

Weighted average common shares outstanding
55,008

 
50,640

 
40,948

Dilutive potential common shares
352

 
352

 
158

Weighted average common shares outstanding - diluted
55,360

 
50,992

 
41,106

Earnings per common share - diluted
$
6.46

 
$
2.59

 
$
4.30