Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Basic and diluted earnings per share

Basic and diluted earnings per share has been computed based on the following:

	Three Months ended			Six Months ended
(Dollars in thousands, except per share data)	June 30, 2022		June 30, 2021	June 30, 2022	June 30, 2021
Net income available to common stockholders, basic and diluted	$	76,392	77,627	144,187	158,429
Average outstanding shares - basic	110,765,379		95,505,877	110,745,017	95,485,839
Add: dilutive restricted stock units and stock options	29,603		75,027	54,351	79,752
Average outstanding shares - diluted	110,794,982		95,580,904	110,799,368	95,565,591
Basic earnings per share	$	0.69	0.81	1.30	1.66
Diluted earnings per share	$	0.69	0.81	1.30	1.66
Restricted stock units and stock options excluded from the diluted average outstanding share calculation 1	139,496		—	105,947	—

______________________________

1 Anti-dilution occurs when the unrecognized compensation cost per share of a restricted stock unit or the exercise price of a stock option exceeds the market price of the Company’s stock.