Net Income per Common Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Common Share

Schedule of net income per share

The calculation of net income per common share for the three and nine months ended September 30, 2017 and 2016 was as follows.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars and shares in thousands, except per share data)	2017		2016		2017		2016
Basic:
Net income	$	29,874	$	24,523	$	84,663	$	71,990
Average common shares outstanding		34,174		33,590		34,124		33,566
Basic net income per common  share	$	0.87	$	0.73	$	2.48	$	2.14
Diluted:
Net income	$	29,874	$	24,523	$	84,663	$	71,990
Average common shares outstanding		34,174		33,590		34,124		33,566
Adjustment for common share equivalents		164		597		192		596
Average common shares outstanding-diluted		34,338		34,187		34,316		34,162
Diluted net income per common share	$	0.87	$	0.72	$	2.47	$	2.11
Anti-dilutive shares		—		8		—		8