Net Income per Common Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common Share

The calculation of net income per common share for the three months ended March 31, 2023 and 2022 was as follows:

	Three Months Ended March 31,
(dollars and shares in thousands, except per share data)	2023		2022
Basic:
Net income	$	24,234	$	45,744
Average common shares outstanding	31,109		32,033
Basic net income per common share	$	0.78	$	1.43
Diluted:
Net income	$	24,234	$	45,744
Average common shares outstanding	31,109		32,033
Adjustment for common share equivalents	71		77
Average common shares outstanding-diluted	31,180		32,110
Diluted net income per common share	$	0.78	$	1.42
Anti-dilutive shares	3		—