Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

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			Nine Months ended
(Dollars in thousands, except per share data)	September 30, 2024		September 30, 2023	September 30, 2024		September 30, 2023
Net income available to common stockholders, basic and diluted	$	51,055	52,445	$	128,390	168,611
Average outstanding shares - basic	113,394,758		110,877,534	113,093,583		110,857,788
Add: dilutive restricted stock units and stock options	78,349		9,425	44,278		24,930
Average outstanding shares - diluted	113,473,107		110,886,959	113,137,861		110,882,718
Basic earnings per share	$	0.45	0.47	$	1.14	1.52
Diluted earnings per share	$	0.45	0.47	$	1.13	1.52
Restricted stock units and stock options excluded from the diluted average outstanding share calculation 1	817		247,104	95,198		222,710

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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.