Net Income Per Common Share

12 Months Ended

Dec. 31, 2022

NET INCOME PER COMMON SHARE

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted-average common shares outstanding during the reporting period. Diluted net income per common share is computed by dividing net income available to common stockholders by the combination of the weighted-average common shares outstanding during the reporting period and all potentially dilutive common shares. Potentially dilutive common shares include stock options and RSAs issued under the Corporation's share-based compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per common share in the periods where the effect would be antidilutive.

The following table reconciles basic and diluted net income per common share for the years indicated:


	2022					2021					2020
	Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount		Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount		Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount

Net income available to common stockholders	$	220,683	57,692,018	$	3.83	$	205,531	53,783,632	$	3.82	$	148,600	54,058,471	$	2.75
Effect of potentially dilutive stock options and restricted stock awards			258,239					200,597					161,913
Diluted net income per common share	$	220,683	57,950,257	$	3.81	$	205,531	53,984,229	$	3.81	$	148,600	54,220,384	$	2.74

As of December 31, 2022, 2021 and 2020, there were no stock options with an option price greater than the average market price of the common shares.