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Net Income Per Common Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income Per Common Share

(8) NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are calculated as follows:

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

 

 

(Dollars in thousands, except per share data)

 

 

 

 

 

 

 

 

(Numerator)

 

 

 

 

 

 

Income available to common stockholders

 

$

56,112

 

 

$

50,334

 

(Denominator)

 

 

 

 

 

 

Weighted average shares outstanding for basic earnings per common share

 

 

33,232,788

 

 

 

32,947,983

 

Dilutive effect of stock compensation

 

 

536,085

 

 

 

565,429

 

Weighted-average shares outstanding for diluted earnings per common share

 

 

33,768,873

 

 

 

33,513,412

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.69

 

 

$

1.53

 

Diluted earnings per share

 

$

1.66

 

 

$

1.50

 

 

The following table shows the number of options and RSU's that were excluded from the computation of diluted net income per common share for each period because they were anti-dilutive for the period:

 

 

Shares

 

Three Months Ended March 31, 2025

 

 

57,733

 

Three Months Ended March 31, 2024

 

 

270,417