Net Income per Common Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common Share

The calculation of net income per common share for the years ended December 31 was as follows:

(dollars and shares in thousands, except per share data)	2022		2021		2020
Basic:
Net income	$	140,930	$	176,691	$	132,217
Average common shares outstanding	32,004		31,936		32,334
Basic net income per common share	$	4.40	$	5.53	$	4.09
Diluted:
Net income	$	140,930	$	176,691	$	132,217
Average common shares outstanding	32,004		31,936		32,334
Adjustment for common share equivalents	74		67		28
Average common shares outstanding-diluted	32,078		32,003		32,362
Diluted net income per common share	$	4.39	$	5.52	$	4.09
Anti-dilutive shares	3		3		26