EARNINGS (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2021

The following table presents computations of basic and diluted earnings (loss) per common share ("EPS") for the three months ended March 31, 2021:



	Three Months Ended March 31, 2021
($ in thousands except per share data)	Common Stock		Class B Common Stock
Net income	$	14,239	$	136
Less: Income allocated to participating securities	(61)		(1)

Less: preferred stock dividends	(3,111)		(30)
Less: preferred stock redemption	(3,316)		(31)


Net income allocated to common stockholders	$	7,751	$	74

Weighted average common shares outstanding	49,873,576		477,321
Dilutive effects of restricted shares/units	391,206		—

Dilutive effects of stock options	8,419		—

Average shares and dilutive common shares	50,273,201		477,321




Basic earnings per common share	$	0.16	$	0.16



Diluted earnings per common share	$	0.15	$	0.15

The following table presents computations of basic and diluted EPS for the three months ended March 31, 2020:



	Three Months Ended March 31, 2020
($ in thousands except per share data)	Common Stock		Class B Common Stock
Net loss	$	(6,531)	$	(62)

Less: participating securities dividends	(93)		(1)
Less: preferred stock dividends	(3,500)		(33)
Less: preferred stock redemption	521		5


Net loss allocated to common stockholders	$	(9,603)	$	(91)

Weighted average common shares outstanding	49,987,456		477,321
Dilutive effects of stock units	—		—

Dilutive effects of stock options	—		—

Average shares and dilutive common shares	49,987,456		477,321




Basic loss per common share	$	(0.19)	$	(0.19)



Diluted loss per common share	$	(0.19)	$	(0.19)