XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.2
EARNINGS PER COMMON SHARE
6 Months Ended
Jun. 30, 2022
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:
Three months endedSix months ended
June 30,June 30,
(Dollars in thousands, except per share data)2022202120222021
Numerator  
Net income available to common shareholders$51,520 $50,888 $92,821 $98,203 
Denominator
Weighted average shares outstanding for basic earnings per common share93,555,131 96,123,645 93,470,005 96,496,720 
Effect of dilutive securities
Employee stock awards894,686 886,067 887,387 869,920 
Adjusted weighted average shares for diluted earnings per common share94,449,817 97,009,712 94,357,392 97,366,640 
Earnings per share available to common shareholders  
Basic$0.55 $0.53 $0.99 $1.02 
Diluted$0.55 $0.52 $0.98 $1.01 
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, 2022 and June 30, 2021.