EX-11 4 ex11epsforform10-k2017.htm EXHIBIT 11 Exhibit


Exhibit 11

Computation of Per Share Earnings
 
(Dollars in thousands, except per share data)
 
 
 
Net income
$
75,272

Preferred dividends
(58
)
Interest expense on convertible preferred debt
12

Net income available to common stockholders for the year ended December 31, 2017
$
75,226

Weighted average common shares outstanding
28,168,417

Assumed incremental common shares issued upon exercise of stock options and non-vested restricted stock units
257,235

Weighted average common shares for diluted earnings per share
28,425,652

Earnings per common share - basic
$
2.67

Earnings per common share - diluted
$
2.65