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Earnings Per Share
9 Months Ended
Sep. 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 September 30, 

Nine Months Ended September 30, 

    

2025

    

2024

    

2025

    

2024

    

Basic earnings per share:

Weighted-average common shares outstanding

52,686,391

44,850,325

47,597,529

44,818,693

Net income

$

9,871

$

22,951

$

51,523

$

66,154

Basic earnings per share

$

0.19

$

0.52

$

1.08

$

1.48

Diluted earnings per share:

Weighted-average common shares outstanding

52,686,391

44,850,325

47,597,529

44,818,693

Dilutive effect of unvested restricted awards 1

823,299

828,815

787,754

809,913

Diluted average common shares outstanding

53,509,690

45,679,140

48,385,283

45,628,606

Net Income

$

9,871

$

22,951

$

51,523

$

66,154

Diluted earnings per share

$

0.18

$

0.50

$

1.06

$

1.45

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