Three Months Ended

March 31,

(dollars in thousands, except for per share data)

2023

2022

Net income available to common stockholders

$

23,420

$

29,872

Earnings allocated to participating securities

(44

)

(80

)

Income attributable to common stock

$

23,376

$

29,792

Weighted average common shares outstanding, including participating securities

39,178

39,560

Weighted average participating securities

(74

)

(107

)

Weighted average common shares outstanding

39,104

39,453

Incremental shares from assumed conversions of options, performance units and restricted shares

197

274

Weighted average common and equivalent shares outstanding

39,301

39,727

Earnings per common share:

Basic

$

0.60

$

0.76

Diluted

0.59

0.75