Earnings Per Common Share

3 Months Ended

Mar. 31, 2023

Note 9. Earnings Per Common Share

Earnings per common share is computed using the two-class method. The following is a reconciliation of the weighted average number of common shares used in the calculation of basic and diluted earnings per common share and antidilutive stock options and restricted stock outstanding for the three months ended March 31, 2023, and March 31, 2022:


	Three Months Ended March 31,
(dollars in thousands, except shares and per share amounts)	2023		2022
Numerator:
Net Income Available to Common Shareholders	$	44,873	$	52,865

Denominator:
Weighted Average Common Shares Outstanding - Basic		39,276,833		39,752,679
Dilutive Effect of Equity Based Awards		189,056		203,712
Weighted Average Common Shares Outstanding - Diluted		39,465,889		39,956,391

Earnings Per Common Share:
Basic	$	1.14	$	1.33
Diluted	$	1.14	$	1.32

Antidilutive Stock Options and Restricted Stock Outstanding		148,920		4,399