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EARNINGS PER COMMON SHARE
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 14. EARNINGS PER COMMON SHARE
Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding, which include DSUs that are vested but not delivered. Diluted earnings per common share is computed using the treasury stock method and reflects the potential dilution that could occur if Busey’s outstanding stock options and warrants were exercised, stock units were vested, and ESPP shares were issued.
Earnings per common share have been computed as follows (dollars in thousands, except per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Net income$32,004 $30,666 $85,586 $96,816 
 
Weighted average number of common shares outstanding, basic57,033,35955,486,70056,458,43055,441,980
Dilutive effect of common stock equivalents:
Options1,714—572—
Warrants———432
RSU awards655,224640,714662,609638,495
PSU awards254,365165,868264,451126,787
DSU awards16,76616,79218,39014,996
ESPP6,4205,4186,8477,934
Weighted average number of common shares outstanding, diluted57,967,84856,315,49257,411,29956,230,624
 
Basic earnings per common share$0.56 $0.55 $1.52 $1.75 
Diluted earnings per common share$0.55 $0.54 $1.49 $1.72 
Average shares that were excluded from the computation of diluted earnings per common share because their effect would have been anti-dilutive are summarized in the table below for the periods presented:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Anti-dilutive common stock equivalents
Options—21,92612,78422,219
RSU awards——4,28852,594
PSU awards107,06585,074103,001137,918
Total anti-dilutive common stock equivalents107,065107,000120,073212,731