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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Common Share
The following table provides the basic and diluted earnings per common share computations for the three and six months ended June 30, 2024 and 2023.
Table 20.1 – Basic and Diluted Earnings per Common Share
Three Months Ended June 30,Six Months Ended June 30,
(In Thousands, except Share Data)2024202320242023
Basic Earnings per Common Share:
Net income available to common stockholders$13,777 $1,115 $42,289 $4,316 
Less: Dividends and undistributed earnings allocated to participating securities(985)(876)(2,028)(2,280)
Net income available to common stockholders$12,792 $239 $40,261 $2,036 
Basic weighted average common shares outstanding132,115,854 114,051,017 131,843,100 113,830,347 
Basic Earnings per Common Share$0.10 $— $0.31 $0.02 
Diluted Earnings per Common Share:
Net income available to common stockholders$13,777 $1,115 $42,289 $4,316 
Less: Dividends and undistributed earnings allocated to participating securities(985)(876)(2,028)(2,280)
Net income available to common stockholders$12,792 $239 $40,261 $2,036 
Weighted average common shares outstanding132,115,854 114,051,017 131,843,100 113,830,347 
Net effect of dilutive equity awards7,848 394,245 3,924 424,945 
Net effect of assumed convertible notes conversion to common shares— — — — 
Diluted weighted average common shares outstanding132,123,702 114,445,262 131,847,024 114,255,292 
Diluted Earnings per Common Share$0.10 $— $0.31 $0.02