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Earnings Per Share
6 Months Ended
Jun. 30, 2025
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 June 30, 

Six Months Ended June 30, 

    

2025

    

2024

    

2025

    

2024

    

Basic earnings per share:

Weighted-average common shares outstanding

45,053,650

44,846,848

45,010,925

44,802,704

Net income

$

21,822

$

21,891

$

41,652

$

43,203

Basic earnings per share

$

0.49

$

0.48

$

0.93

$

0.96

Diluted earnings per share:

Weighted-average common shares outstanding

45,053,650

44,846,848

45,010,925

44,802,704

Dilutive effect of unvested restricted awards 1

785,815

835,391

769,687

800,358

Diluted average common shares outstanding

45,839,465

45,682,239

45,780,612

45,603,062

Net Income

$

21,822

$

21,891

$

41,652

$

43,203

Diluted earnings per share

$

0.48

$

0.48

$

0.91

$

0.95

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