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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Components of Basic and Diluted EPS Computations

The following tables summarize the components of the basic and diluted EPS computations (in thousands, except per share amounts):

 

Three Months
Ended September 30,

 

 

Nine Months
Ended September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

EPS – basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (numerator)

 

$

7,985

 

 

$

11,550

 

$

21,811

 

 

$

20,166

 

Weighted average common shares (denominator)

 

 

306,806

 

 

 

274,998

 

 

305,093

 

 

 

272,811

 

Net income per share

 

$

0.03

 

 

$

0.04

 

$

0.07

 

 

$

0.07

 

EPS – diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (numerator)

 

$

7,985

 

 

$

11,550

 

 

$

21,811

 

 

$

20,166

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

306,806

 

 

 

274,998

 

 

 

305,093

 

 

 

272,811

 

Effect of dilutive securities – common shares issuable

 

 

4,832

 

 

 

9,695

 

 

8,246

 

 

 

8,596

 

Adjusted weighted average common shares (denominator)

 

 

311,638

 

 

 

284,693

 

 

313,339

 

 

 

281,407

 

Net income per share

 

$

0.03

 

 

$

0.04

 

$

0.07

 

 

$

0.07