
	Three Months Ended
	March 31,
	2023		2022
	(Dollars in thousands, except per share data)
Basic Earnings Per Common Share:
Net (loss) earnings	$	(1,195,424)	$	120,128
Less: Preferred stock dividends	(9,947)		—
Net (loss) earnings available to common stockholders	(1,205,371)		120,128
Less: Earnings allocated to unvested restricted stock(1)	(319)		(2,037)
Net (loss) earnings allocated to common shares	$	(1,205,690)	$	118,091

Weighted-average basic shares and unvested restricted
stock outstanding	120,239		119,595
Less: Weighted-average unvested restricted stock
outstanding	(2,309)		(2,246)
Weighted-average basic shares outstanding	117,930		117,349

Basic (loss) earnings per common share	$	(10.22)	$	1.01

Diluted Earnings Per Common Share:
Net (loss) earnings allocated to common shares	$	(1,205,690)	$	118,091

Weighted-average diluted shares outstanding	117,930		117,349

Diluted (loss) earnings per common share	$	(10.22)	$	1.01

(1) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.