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Earnings Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share  
Earnings Per Share

Note 10 – Earnings Per Share

The earnings per share, both basic and diluted, are as follows:

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2022

    

2021

    

2022

    

2021

    

Basic earnings per share:

Weighted-average common shares outstanding

44,565,626

28,707,737

44,509,072

28,925,612

Net income

$

19,523

$

8,412

$

43,790

$

29,111

Basic earnings per share

$

0.43

$

0.30

$

0.98

$

1.01

Diluted earnings per share:

Weighted-average common shares outstanding

44,565,626

28,707,737

44,509,072

28,925,612

Dilutive effect of unvested restricted awards 1

655,915

522,543

698,920

533,194

Diluted average common shares outstanding

45,221,541

29,230,280

45,207,992

29,458,806

Net Income

$

19,523

$

8,412

$

43,790

$

29,111

Diluted earnings per share

$

0.43

$

0.29

$

0.97

$

0.99

1 Includes the common stock equivalents for restricted share rights that are dilutive.