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EARNINGS PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2019
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 share:
|  | Three months ended |  | Six months ended
|  | June 30, |  | June 30,
(Dollars in thousands, except per share data) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Numerator |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 52,703 |  |  | $ | 36,418 |  |  | $ | 98,542 |  |  | $ | 66,924 |
Denominator |  |  |  |  |  |  |  |
Basic earnings per common share - weighted average shares |  | 98,083,799 |  |  | 97,347,533 |  |  | 98,005,379 |  |  | 79,599,709 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Employee stock awards |  | 564,585 |  |  | 545,374 |  |  | 537,568 |  |  | 504,914 |
Warrants |  | 0 |  |  | 539,165 |  |  | 0 |  |  | 524,872 |
Diluted earnings per common share - adjusted weighted average shares |  | 98,648,384 |  |  | 98,432,072 |  |  | 98,542,947 |  |  | 80,629,495 |
Earnings per share available to common shareholders |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.54 |  |  | $ | 0.37 |  |  | $ | 1.01 |  |  | $ | 0.84 |
Diluted |  | $ | 0.53 |  |  | $ | 0.37 |  |  | $ | 1.00 |  |  | $ | 0.83 |
First Financial had no warrants outstanding to purchase the Company's common stock as of June 30, 2019. Warrants acquired in the MSFG merger were outstanding as of December 31, 2018 and were exercised in January 2019. At June 30, 2018, First Financial had warrants outstanding representing the right to purchase 22,698 shares of common stock at an exercise price of $12.11 per share and all unexercised warrants expired in December 2018. Stock options and warrants with exercise prices greater than the average market price of the common shares were not included in the computation of net income per diluted share, as they would have been antidilutive. Using the end of period price of the Company's common shares, there were no antidilutive options at June 30, 2019 and June 30, 2018.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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