XML 48 R39.htm IDEA: XBRL DOCUMENT
v3.23.3

EARNINGS PER COMMON SHARE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings Per Common Share | The following table presents computations of basic and diluted earnings per common share (“EPS”) for the three and nine months ended September 30, 2023:
|  | Three Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2023
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  |  |  | Common Stock |  | Class B Common Stock |  |
Net income |  | $ | 42,220 |  |  | $ | 354 |  |  |  |  | $ | 80,068 |  |  | $ | 663 |  |  |
Weighted average common shares outstanding |  | 56,957,053 |  |  | 477,321 |  |  |  |  | 57,659,924 |  |  | 477,321 |  |  |
Dilutive effects of restricted shares/units |  | 87,109 |  |  | — |  |  |  |  | 92,269 |  |  | — |  |  |
Dilutive effects of stock options |  | 353 |  |  | — |  |  |  |  | 623 |  |  | — |  |  |
Average shares and dilutive common shares |  | 57,044,515 |  |  | 477,321 |  |  |  |  | 57,752,816 |  |  | 477,321 |  |  |
Basic earnings per common share |  | $ | 0.74 |  |  | $ | 0.74 |  |  |  |  | $ | 1.39 |  |  | $ | 1.39 |  |  |
Diluted earnings per common share |  | $ | 0.74 |  |  | $ | 0.74 |  |  |  |  | $ | 1.39 |  |  | $ | 1.39 |  |  |
The following table presents computations of basic and diluted EPS for the three and nine months ended September 30, 2022:
|  | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  |  |  | Common Stock |  | Class B Common Stock |  |
Net income |  | $ | 24,004 |  |  | $ | 192 |  |  |  |  | $ | 98,646 |  |  | $ | 774 |  |  |
Less: preferred stock dividends |  | — |  |  | — |  |  |  |  | (1,409) |  |  | (11) |  |  |
Less: preferred stock redemption |  | — |  |  | — |  |  |  |  | (3,718) |  |  | (29) |  |  |
Net income allocated to common stockholders |  | $ | 24,004 |  |  | $ | 192 |  |  |  |  | $ | 93,519 |  |  | $ | 734 |  |  |
Weighted average common shares outstanding |  | 59,567,082 |  |  | 477,321 |  |  |  |  | 60,846,798 |  |  | 477,321 |  |  |
Dilutive effects of restricted shares/units |  | 444,321 |  |  | — |  |  |  |  | 331,389 |  |  | — |  |  |
Dilutive effects of stock options |  | 3,736 |  |  | — |  |  |  |  | 4,392 |  |  | — |  |  |
Average shares and dilutive common shares |  | 60,015,139 |  |  | 477,321 |  |  |  |  | 61,182,579 |  |  | 477,321 |  |  |
Basic earnings per common share |  | $ | 0.40 |  |  | $ | 0.40 |  |  |  |  | $ | 1.54 |  |  | $ | 1.54 |  |  |
Diluted earnings per common share |  | $ | 0.40 |  |  | $ | 0.40 |  |  |  |  | $ | 1.53 |  |  | $ | 1.54 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration