EX-11 3 ex11epsforform10-k2016.htm EXHIBIT 11 Exhibit


Exhibit 11

Computation of Per Share Earnings
 
(Dollars in thousands, except per share data)
 
 
 
Net income
$
80,349

Preferred dividends
(292
)
Interest expense on convertible preferred debt
51

Net income available to common stockholders for the year ended December 31, 2016
$
80,108

Weighted average common shares outstanding
24,572,635

Assumed incremental common shares issued upon exercise of stock options and non-vested restricted stock units
300,795

Weighted average common shares for diluted earnings per share
24,873,430

Earnings per common share - basic
$
3.26

Earnings per common share - diluted
$
3.22