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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2020 and 2019.
|  | Three Months Ended March 31, |  |  |
(In thousands, except share and per common share data) |  | 2020 |  | 2019 |
Numerator: |  |  |  |  |
Net income |  | $ | 22,372 |  |  | $ | 25,455 |  |
Denominator: |  |  |  |  |
Weighted-average common shares outstanding |  | 16,303,602 |  |  | 15,651,541 |  |
Effect of dilutive PBRSUs and TBRSUs |  | 122,279 |  |  | 93,236 |  |
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs |  | 16,425,881 |  |  | 15,744,777 |  |
Earnings per common share: |  |  |  |  |
Basic earnings per common share |  | $ | 1.37 |  |  | $ | 1.63 |  |
Diluted earnings per common share |  | $ | 1.36 |  |  | $ | 1.62 |  |
Park awarded 62,265 and 58,740 PBRSUs to certain employees during the three months ended March 31, 2020 and 2019, respectively. Park repurchased 76,000 and 86,650 common shares during the three months ended March 31, 2020 and 2019, respectively, to fund the PBRSUs, TBRSUs and common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions).

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