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Earnings Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share U.S. GAAP requires the reporting of basic and diluted earnings per common share. Basic earnings per common share excludes any dilutive effects of PBRSUs and TBRSUs. The following table sets forth the computation of basic and diluted earnings per common share:
Year ended December 31 (In thousands, except share data) |  | 2023 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |
Net income |  | $ | 126,734 |  |  | $ | 148,351 |  |  | $ | 153,945 |
Denominator: |  |  |  |  |  |
Weighted-average common shares outstanding |  | 16,163,500 |  |  | 16,246,009 |  |  | 16,291,016 |
Effect of dilutive PBRSUs and TBRSUs |  | 86,519 |  |  | 119,300 |  |  | 134,190 |
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs |  | 16,250,019 |  |  | 16,365,309 |  |  | 16,425,206 |
Earnings per common share: |  |  |  |  |  |
Basic earnings per common share |  | $ | 7.84 |  |  | $ | 9.13 |  |  | $ | 9.45 |
Diluted earnings per common share |  | $ | 7.80 |  |  | $ | 9.06 |  |  | $ | 9.37 |
Park awarded 54,698, 52,335 and 61,890 PBRSUs to certain employees during the years ended December 31, 2023, 2022 and 2021, respectively. During the years ended December 31, 2023 and 2021, Park repurchased 199,000 and 137,659 common shares, respectively, to fund the PBRSUs, TBRSUs and common shares awarded to directors of Park and to directors of PNB (and its divisions) as well as pursuant to Park's previously announced stock repurchase authorizations. There were no common shares repurchased during the year ended December 31, 2022.

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