Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

The calculations of basic and diluted earnings per common share were as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per common share data)	2024		2023		2024		2023
Net income available to common shareholders	$	31,684	$	31,882	$	90,275	$	79,538
Less: Dividends paid on unvested common shares	216		143		576		388
Less: Undistributed income allocated to unvested common shares	63		79		183		190
Net earnings allocated to common shareholders	$	31,405	$	31,660	$	89,516	$	78,960

Weighted-average common shares outstanding	34,793,704		34,818,346		34,766,281		31,771,061
Effect of potentially dilutive common shares	405,679		243,551		340,431		206,425
Total weighted-average diluted common shares outstanding	35,199,383		35,061,897		35,106,712		31,977,486

Earnings per common share:
Basic	$	0.90	$	0.91	$	2.57	$	2.49
Diluted	$	0.89	$	0.90	$	2.55	$	2.47
Anti-dilutive common shares excluded from calculation:
Restricted common shares	5,393		3,046		5,393		10,547