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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2025
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, 2025 and 2024.
|  |  |  |  |  | Three Months Ended March 31,
(In thousands, except common share and per common share data) |  |  |  |  |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |  |
Net income |  |  |  |  |  | $ | 42,157 |  |  | $ | 35,204 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  |  |  |  |  | 16,159,342 |  |  | 16,116,842 |
Effect of dilutive PBRSUs |  |  |  |  |  | 79,359 |  |  | 74,223 |
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs |  |  |  |  |  | 16,238,701 |  |  | 16,191,065 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic earnings per common share |  |  |  |  |  | $ | 2.61 |  |  | $ | 2.18 |
Diluted earnings per common share |  |  |  |  |  | $ | 2.60 |  |  | $ | 2.17 |
Park awarded 49,350 PBRSUs and 59,165 PBRSUs to certain employees during the three months ended March 31, 2025 and 2024, respectively. No common shares were repurchased during the three months ended March 31, 2025 or 2024, respectively, to fund the PBRSUs or the common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions) as well as pursuant to Park's previously announced stock repurchase authorizations..

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