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EARNINGS PER COMMON SHARE | 9 Months Ended
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Sep. 30, 2024
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 ended |  | Nine months ended
|  | September 30, |  | September 30,
(Dollars in thousands, except per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 52,451 |  |  | $ | 63,061 |  |  | $ | 163,945 |  |  | $ | 199,131 |
Denominator |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic earnings per common share |  | 94,473,666 |  |  | 94,030,275 |  |  | 94,377,010 |  |  | 93,896,716 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Employee stock awards |  | 1,005,844 |  |  | 1,095,994 |  |  | 1,001,228 |  |  | 1,189,155 |
Adjusted weighted average shares for diluted earnings per common share |  | 95,479,510 |  |  | 95,126,269 |  |  | 95,378,238 |  |  | 95,085,871 |
Earnings per share available to common shareholders |  |  |  |  |  |  |  |
Basic |  | $ | 0.56 |  |  | $ | 0.67 |  |  | $ | 1.74 |  |  | $ | 2.12 |
Diluted |  | $ | 0.55 |  |  | $ | 0.66 |  |  | $ | 1.72 |  |  | $ | 2.09 |
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, 2024 and September 30, 2023.

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