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Net Income Per Common Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Common Share

(9) NET INCOME PER COMMON SHARE

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(Dollars in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Numerator)

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

62,654

 

 

$

58,903

 

 

$

181,113

 

 

$

159,878

 

(Denominator)

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding for basic earnings per common share

 

 

33,310,290

 

 

 

33,097,164

 

 

 

33,266,315

 

 

 

33,015,741

 

Dilutive effect of stock compensation

 

 

553,839

 

 

 

549,385

 

 

 

545,955

 

 

 

551,376

 

Weighted-average shares outstanding for diluted earnings per common share

 

 

33,864,129

 

 

 

33,646,549

 

 

 

33,812,270

 

 

 

33,567,117

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.88

 

 

$

1.78

 

 

$

5.44

 

 

$

4.84

 

Diluted earnings per share

 

$

1.85

 

 

$

1.75

 

 

$

5.36

 

 

$

4.76

 

 

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 September 30, 2025

 

 

10,134

 

Three Months Ended September 30, 2024

 

 

204,005

 

Nine Months Ended September 30, 2025

 

 

6,737

 

Nine Months Ended September 30, 2024

 

 

250,142