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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2022
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 Stock Options and 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 stock options and restricted stock outstanding for the three and six months ended June 30, 2022, and June 30, 2021:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

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

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income Available to Common Shareholders

 

$

54,893

 

 

$

67,533

 

 

$

107,758

 

 

$

127,482

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Common Shares Outstanding - Basic

 

 

39,693,593

 

 

 

39,902,583

 

 

 

39,722,985

 

 

 

39,865,268

 

Dilutive Effect of Equity Based Awards

 

 

149,015

 

 

 

220,322

 

 

 

173,715

 

 

 

231,259

 

Weighted Average Common Shares Outstanding - Diluted

 

 

39,842,608

 

 

 

40,122,905

 

 

 

39,896,700

 

 

 

40,096,527

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.38

 

 

$

1.69

 

 

$

2.71

 

 

$

3.20

 

Diluted

 

$

1.38

 

 

$

1.68

 

 

$

2.70

 

 

$

3.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive Stock Options and Restricted Stock Outstanding

 

 

201,422

 

 

 

45,909

 

 

 

160,670

 

 

 

95,389