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Earnings per Common Share
3 Months Ended
Mar. 31, 2026
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 March 31, 2026 and 2025.
Three Months Ended March 31,
($ in thousands, except per share data)20262025
Net income$17,088 $13,764 
Average number of common shares outstanding33,428,44433,350,869
Dilutive effect of common stock equivalents19,32324,449
Average number of common shares used to calculate diluted EPS33,447,76733,375,318
Anti-dilutive shares6,515
Basic net income per common share$0.51 $0.41 
Diluted net income per common share$0.51 $0.41 
There were zero and 6,515 anti-dilutive unvested restricted stock and performance stock unit awards excluded from the calculation of diluted earnings per common share for the three months ended March 31, 2026 and 2025, respectively.