Earnings per Share

3 Months Ended

Mar. 31, 2019

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the period.

For the three months ended March 31, 2019, options to purchase 487,000 shares were antidilutive and accordingly were excluded in the computation of diluted earnings per share, compared to 274,000 shares for the three months ended March 31, 2018.



	Three Months Ended March 31,
(Dollars in thousands, except per share data)	2019		2018
Basic earnings per share
Net income	$	22,705	$	18,027
Average common shares outstanding	51,359		46,952
Net income per share	$	0.44	$	0.38

Diluted earnings per share
Net income	$	22,705	$	18,027
Average common shares outstanding	51,359		46,952
Add: Dilutive effect of employee restricted stock and stock options	680		736
Average diluted shares outstanding	52,039		47,688
Net income per share	$	0.44	$	0.38