XML 34 R24.htm IDEA: XBRL DOCUMENT v3.23.3
EARNINGS PER COMMON SHARE
9 Months Ended
Sep. 30, 2023
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 endedNine months ended
September 30,September 30,
(Dollars in thousands, except per share data)2023202220232022
Numerator  
Net income available to common shareholders$63,061 $55,705 $199,131 $148,526 
Denominator
Weighted average shares outstanding for basic earnings per common share94,030,275 93,582,250 93,896,716 93,507,831 
Effect of dilutive securities
Employee stock awards1,095,994 1,211,516 1,189,155 996,622 
Adjusted weighted average shares for diluted earnings per common share95,126,269 94,793,766 95,085,871 94,504,453 
Earnings per share available to common shareholders  
Basic$0.67 $0.60 $2.12 $1.59 
Diluted$0.66 $0.59 $2.09 $1.57 
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 September 30, 2023 and September 30, 2022.