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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Common Share

Note 9. Earnings Per Common Share

Earnings per common share is computed using the two-class method. The following is a reconciliation of the weighted average number of common shares used in the calculation of basic and diluted earnings per common share and antidilutive stock options and restricted stock outstanding for the three months ended March 31, 2024, and March 31, 2023:

 

 

 

Three Months Ended
March 31,

 

(dollars in thousands, except shares and per share amounts)

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net Income Available to Common Shareholders

 

$

34,422

 

 

$

44,873

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted Average Common Shares Outstanding - Basic

 

 

39,350,390

 

 

 

39,276,833

 

Dilutive Effect of Equity Based Awards

 

 

276,073

 

 

 

189,056

 

Weighted Average Common Shares Outstanding - Diluted

 

 

39,626,463

 

 

 

39,465,889

 

 

 

 

 

 

 

 

Earnings Per Common Share:

 

 

 

 

 

 

Basic

 

$

0.87

 

 

$

1.14

 

Diluted

 

$

0.87

 

 

$

1.14

 

 

 

 

 

 

 

 

Antidilutive Stock Options and Restricted Stock Outstanding

 

 

11,566

 

 

 

148,920