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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Common Share

Note 12. 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 share and antidilutive stock options and restricted stock outstanding for the years ended December 31, 2024, 2023 and 2022:

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands, except per share amounts)

 

2024

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net Income Available to Common Shareholders

 

$

137,350

 

 

$

163,325

 

 

$

217,927

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted Average Common Shares Outstanding - Basic

 

 

39,450,737

 

 

 

39,274,291

 

 

 

39,601,089

 

Dilutive Effect of Equity Based Awards

 

 

249,651

 

 

 

154,621

 

 

 

186,913

 

Weighted Average Common Shares Outstanding - Diluted

 

 

39,700,388

 

 

 

39,428,912

 

 

 

39,788,002

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

3.48

 

 

$

4.16

 

 

$

5.50

 

Diluted

 

$

3.46

 

 

$

4.14

 

 

$

5.48

 

Antidilutive Stock Options and Restricted Stock Outstanding

 

 

32,667

 

 

 

199,217

 

 

 

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