Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following is a reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share ("EPS"):

	For the Three Months Ended September 30,
	2022					2021
($ in thousands except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount
Basic EPS:
Net income	$	37,949				$	27,643
Less: income allocated to participating securities	(249)					(125)
Basic EPS per common share	$	37,700	35,469,001	$	1.06	$	27,518	28,385,912	$	0.97
Diluted EPS:
Net income	$	37,949	35,469,001			$	27,643	28,385,912
Effect of dilutive securities	—		234,445			—		129,416
Diluted EPS per common share	$	37,949	35,703,446	$	1.06	$	27,643	28,515,328	$	0.97

	For the Nine Months Ended September 30,
	2022					2021
($ in thousands except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount
Basic EPS:
Net income	$	108,503				$	85,122
Less: income allocated to participating securities	(573)					(466)
Basic EPS per common share	$	107,930	35,474,239	$	3.04	$	84,656	28,358,393	$	2.99
Diluted EPS:
Net income	$	108,503	35,474,239			$	85,122	28,358,393
Effect of Dilutive Securities	—		188,288			—		156,012
Diluted EPS per common share	$	108,503	35,662,527	$	3.04	$	85,122	28,514,405	$	2.99