Net Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

NET INCOME (LOSS) PER COMMON SHARE

Please refer to Note 1 for information regarding the Company’s treatment of its preferred stock and stock awards in the calculation of its basic and diluted net income or loss per common share and to Note 7 for information regarding the Company’s stock award activity for the periods presented. The following table presents the computations of basic and diluted net income or loss per common share for the periods indicated:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
($s in thousands)	2025		2024		2025		2024
Weighted average number of common shares outstanding - basic	135,952,339		75,792,527		113,373,853		67,313,385
Incremental common shares-unvested RSUs	274,356		182,087		226,232		150,151
Incremental common shares-unvested PSUs	701,290		391,873		602,317		345,356
Weighted average number of common shares outstanding - diluted	136,927,985		76,366,487		114,202,402		67,808,892
Net income to common shareholders	$	147,561	$	29,074	$	126,276	$	57,042
Net income per common share-basic	$	1.09	$	0.38	$	1.11	$	0.85
Net income per common share-diluted	$	1.08	$	0.38	$	1.11	$	0.84