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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Summary of Earnings Per Common Share

Earnings per common share are calculated as follows:

 

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
Ended June 30,

 

(unaudited, in thousands, except shares and per share amounts)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator for both basic and diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

54,884

 

 

$

26,385

 

 

$

43,360

 

 

$

59,546

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Total average basic common shares outstanding

 

 

95,744,980

 

 

 

59,521,872

 

 

 

86,339,970

 

 

 

59,452,315

 

Effect of dilutive stock options and other stock compensation

 

 

63,330

 

 

 

134,557

 

 

 

126,731

 

 

 

140,645

 

Total diluted average common shares outstanding

 

 

95,808,310

 

 

 

59,656,429

 

 

 

86,466,701

 

 

 

59,592,960

 

Earnings per common share - basic

 

$

0.57

 

 

$

0.44

 

 

$

0.50

 

 

$

1.00

 

Earnings per common share - diluted

 

$

0.57

 

 

$

0.44

 

 

$

0.50

 

 

$

1.00