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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Weighted Average Number of Common Shares Used in the Calculation of Basic and Diluted Earnings Per Common Share and Antidilutive Restricted Stock Outstanding

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 restricted stock outstanding for the three months ended March 31, 2025 and 2024:

 

 

 

Three Months Ended March 31,

 

(dollars in thousands, except per share amounts)

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net Income Available to Common Shareholders

 

$

38,716

 

 

$

34,422

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted Average Common Shares Outstanding - Basic

 

 

39,554,834

 

 

 

39,350,390

 

Dilutive Effect of Equity Based Awards

 

 

321,572

 

 

 

276,073

 

Weighted Average Common Shares Outstanding - Diluted

 

 

39,876,406

 

 

 

39,626,463

 

 

 

 

 

 

 

 

Earnings Per Common Share:

 

 

 

 

 

 

Basic

 

$

0.98

 

 

$

0.87

 

Diluted

 

$

0.97

 

 

$

0.87

 

 

 

 

 

 

 

 

Antidilutive Restricted Stock Outstanding

 

 

122,291

 

 

 

11,566