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Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
3. Earnings Per Share
We compute basic earnings per share by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares and dilutive potential common shares outstanding during the period. Diluted earnings per share reflects the assumed exercise, settlement and vesting of all dilutive securities using the “treasury stock method,” except when the effect is anti-dilutive. Potentially dilutive securities consist of shares issuable upon vesting of restricted stock awards and units.
The following table sets forth the computation of basic and diluted earnings per share:
  
Three months ended
September 30,
Nine months ended
September 30,
(dollars in thousands, except per share amounts)
2025
2024
2025
2024
Numerator:
Net income$47,492 $18,290 $78,281 $46,840 
Denominator:
Weighted average common shares47,680,002 50,409,292 47,961,631 51,067,255 
Add effect of dilutive securities:
Restricted stock and units818,283 1,223,277 672,396 1,039,892 
Weighted average common shares assuming dilution48,498,285 51,632,569 48,634,027 52,107,147 
Earnings per share
Basic$1.00 $0.36 $1.63 $0.92 
Diluted$0.98 $0.35 $1.61 $0.90 
Anti-dilutive shares excluded from calculations of diluted earnings per share600,849 47,210 667,483 380,392