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Net Income Per Common Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Basic and Diluted 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

 

Average Exercise Price of Options And RSUs Excluded from Computation of Diluted Net Income Per Common Share

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