Earnings per Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024 and 2023 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Weighted average shares outstanding	58,667	59,451	58,937	59,371
Less: Unallocated ESOP shares	(173)	(273)	(181)	(287)
Unallocated incentive award shares	(138)	(31)	(267)	(96)
Average basic shares outstanding	58,356	59,147	58,489	58,988
Add: Effect of dilutive securities:
Incentive awards	1	6	1	50
Average diluted shares outstanding	58,357	59,153	58,490	59,038

For the three and six months ended June 30, 2024, antidilutive stock options of 1,680,000 for both periods were excluded from the earnings per share calculation. For the three and six months ended June 30, 2023, antidilutive stock options of 1,986,000 and 1,540,000, respectively, were excluded from the earnings per share calculation.