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Earnings Per Common Share
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2025 and 2024.

 
Three Months Ended
September 30, 		Nine Months Ended
September 30,
(In thousands, except common share and per common share data)2025202420252024
Numerator:
Net income$47,158 $38,217 $137,434 $112,790 
Denominator:
Weighted-average common shares outstanding16,071,347 16,151,640 16,120,213 16,139,335 
Effect of dilutive PBRSUs101,924 112,753 89,048 92,431 
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs16,173,271 16,264,393 16,209,261 16,231,766 
Earnings per common share:
Basic earnings per common share$2.93 $2.37 $8.53 $6.99 
Diluted earnings per common share$2.92 $2.35 $8.48 $6.95 

Park awarded 49,350 PBRSUs and 59,165 PBRSUs to certain employees during the nine months ended September 30, 2025 and 2024, respectively. No PBRSUs were awarded during either of the three months ended September 30, 2025 and 2024.

Park repurchased an aggregate of 120,000 common shares during nine months ended September 30, 2025, to fund the PBRSUs and 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. No common shares were repurchased during the three months ended September 30, 2025 or the three months or nine months ended September 30, 2024.