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Net Income Per Common Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Common Share

(9) NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are calculated as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(Dollars in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Numerator)

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

62,347

 

 

$

50,641

 

 

$

118,459

 

 

$

100,975

 

(Denominator)

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding for basic earnings per common share

 

 

33,255,015

 

 

 

33,001,180

 

 

 

33,243,963

 

 

 

32,974,582

 

Dilutive effect of stock compensation

 

 

540,228

 

 

 

523,881

 

 

 

538,106

 

 

 

545,665

 

Weighted-average shares outstanding for diluted earnings per common share

 

 

33,795,243

 

 

 

33,525,061

 

 

 

33,782,069

 

 

 

33,520,247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.87

 

 

$

1.53

 

 

$

3.56

 

 

$

3.06

 

Diluted earnings per share

 

$

1.85

 

 

$

1.51

 

 

$

3.51

 

 

$

3.01

 

 

The following table shows the number of options and RSU's that were excluded from the computation of diluted net income per common share for each period because they were anti-dilutive for the period:

 

 

Shares

 

Three Months Ended June 30, 2025

 

 

35,492

 

Three Months Ended June 30, 2024

 

 

260,548

 

Six Months Ended June 30, 2025

 

 

35,421

 

Six Months Ended June 30, 2024

 

 

262,251