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Earnings Per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share  
Earnings Per Share

Note 2: Earnings Per Share

Basic earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares, adjusted for the dilutive effect of stock compensation. For the three months ended March 31, 2026 and 2025, stock options and restricted stock units totaling 195,030 and 993,727, respectively, were excluded from the calculation because they were deemed to be anti-dilutive.

The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three months ended March 31, 2026 and 2025:

Three Months Ended

March 31, 

(dollars in thousands, except per share data)

  ​ ​ ​

2026

  ​ ​ ​

2025

Net Income Available to Common Shareholders

$

16,393

$

8,620

Weighted Average Common Stock Outstanding:

Weighted Average Common Stock Outstanding (Basic)

27,800,091

27,568,772

Dilutive Effect of Stock Compensation

690,085

467,734

Weighted Average Common Stock Outstanding (Dilutive)

28,490,176

28,036,506

Basic Earnings per Common Share

$

0.59

$

0.31

Diluted Earnings per Common Share

0.58

0.31