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Earnings Per Common Share

12 Months Ended

Dec. 31, 2024

Earnings Per Common Share

Earnings Per Common Share

Note 13—Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	​	​	​	​	​	​	​	​
(Dollars and shares in thousands, except for per share amounts)		2024		​	2023		​	2022
Basic earnings per common share:	​	​			​			​
Net income	​	$	534,783	​	$	494,308	​	$	496,049
Weighted-average basic common shares	​	​	76,303	​	​	76,051	​	​	74,551
Basic earnings per common share	​	$	7.01	​	$	6.50	​	$	6.65
Diluted earnings per common share:	​	​	​	​	​	​	​	​	​
Net income	​	$	534,783	​	$	494,308	​	$	496,049
Weighted-average basic common shares	​	​	76,303	​	​	76,051	​	​	74,551
Effect of dilutive securities	​	​	459	​	​	429	​	​	630
Weighted-average dilutive shares	​	​	76,762	​	​	76,480	​	​	75,181
Diluted earnings per common share	​	$	6.97	​	$	6.46	​	$	6.60

​

The calculation of diluted earnings per common share excludes outstanding stock options for which the results would have been antidilutive under the treasury stock method as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended December 31,

​

​

2024

​

2023

​

2022

Number of shares

​

​

​

​

56,206

​

​

​

​

57,169

​

​

​

​

57,169

Range of exercise prices

​

$

91.05

to

$

91.35

​

$

87.30

to

$

91.35

​

$

87.30

to

$

91.35

​

​

​

X

- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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