Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Earnings Per Share

The computations of basic and diluted earnings per share were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, except per share data)	2019			2018			2019			2018
Earnings Per Common Share - Basic:
Net income	$	99,850		$	101,465		$	301,579		$	240,210
Less: Preferred stock dividends	3,599			3,599			8,146			8,146
Less: Dividends and undistributed earnings allocated to unvested restricted shares	874			908			2,806			2,341
Earnings allocated to common shareholders - basic	$	95,377		$	96,958		$	290,627		$	229,723
Weighted average common shares outstanding	51,984			55,571			53,160			55,047
Earnings per common share - basic	$	1.83		$	1.74		$	5.47		$	4.17
Earnings Per Common Share - Diluted:
Earnings allocated to common shareholders - basic	$	95,377		$	96,958		$	290,627		$	229,723
Adjustment for undistributed earnings allocated to unvested restricted shares	(17		)	(25		)	(37		)	(49		)
Earnings allocated to common shareholders - diluted	$	95,360		$	96,933		$	290,590		$	229,674
Weighted average common shares outstanding	51,984			55,571			53,160			55,047
Dilutive potential common shares	308			374			333			360
Weighted average common shares outstanding - diluted	52,292			55,945			53,493			55,407
Earnings per common share - diluted	$	1.82		$	1.73		$	5.43		$	4.14