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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Summary of Earnings Per Common Share

Earnings per common share are calculated as follows:

 

 

 

For the Three Months

Ended March 31,

 

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

 

2021

 

 

2020

 

Numerator for both basic and diluted earnings per common share:

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

70,584

 

 

$

23,396

 

Denominator:

 

 

 

 

 

 

 

 

Total average basic common shares outstanding

 

 

67,263,714

 

 

 

67,486,550

 

Effect of dilutive stock options and other stock compensation

 

 

91,704

 

 

 

100,896

 

Total diluted average common shares outstanding

 

 

67,355,418

 

 

 

67,587,446

 

Earnings per common share - basic

 

$

1.05

 

 

$

0.35

 

Earnings per common share - diluted

 

$

1.05

 

 

$

0.35