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Earnings per Common Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share for the three months ended September 30, 2025 and 2024.
Three Months Ended September 30,Nine Months Ended September 30,
($ in thousands, except per share data)2025202420252024
Net income$14,348 $11,189 $43,619 $30,607 
Average number of common shares outstanding33,419,29133,317,73933,381,56833,247,210
Dilutive effect of common stock equivalents16,57121,26610,7307,496
Average number of common shares used to calculate diluted EPS33,435,86233,339,00533,392,29833,254,706
Anti-dilutive shares——483—
Basic net income per common share$0.43 $0.34 $1.31 $0.92 
Diluted net income per common share$0.43 $0.34 $1.31 $0.92 
There were zero anti-dilutive unvested restricted stock and performance stock unit awards excluded from the calculation of diluted earnings per share for both the three months ended September 30, 2025 and 2024. There were 483 and zero anti-dilutive unvested restricted stock and performance stock unit awards excluded from the calculation of diluted earnings per share for the nine months ended September 30, 2025 and 2024, respectively.