Earnings per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following reconciles shares outstanding for basic and diluted earnings per share for the three months ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended March 31,
	2024	2023
Weighted average shares outstanding	59,207	59,291
Less: Unallocated ESOP shares	(189)	(302)
Unallocated incentive award shares	(229)	(215)
Average basic shares outstanding	58,789	58,774
Add: Effect of dilutive securities:
Incentive awards	2	144
Average diluted shares outstanding	58,791	58,918

For the three months ended March 31, 2024 and 2023, antidilutive stock options of 1,801,000 and 852,000, respectively, were excluded from the earnings per share calculation.