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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Company's unaudited earnings per share calculations
The following tables set forth the Company’s earnings per share calculations for the periods indicated:
 
 
Three Months Ended
 
September 30, 2019
 
June 30, 2019
 
September 30, 2018
 
(dollars in thousands, except per share data)
Basic
 
 
 
 
 
Net income
$
41,375

 
$
38,527

 
$
28,392

Less: Earnings allocated to participating securities
(432
)
 
(444
)
 

Net income allocated to common stockholders
$
40,943

 
$
38,083

 
$
28,392

 
 
 
 
 
 
Weighted average common shares outstanding
59,293,218

 
61,308,046

 
61,727,030

Basic earnings per common share
$
0.69

 
$
0.62

 
$
0.46

 
 
 
 
 
 
Diluted
 
 
 
 
 
Net income allocated to common stockholders
$
40,943

 
$
38,083

 
$
28,392

 
 
 
 
 
 
Weighted average common shares outstanding
59,293,218

 
61,308,046

 
61,727,030

Diluted effect of share-based compensation
377,637

 
353,727

 
634,774

Weighted average diluted common shares
59,670,855

 
61,661,773

 
62,361,804

Diluted earnings per common share
$
0.69

 
$
0.62

 
$
0.46


 
Nine Months Ended
 
September 30, 2019
 
September 30, 2018
 
(dollars in thousands, except per share data)
Basic
 
 
 
Net income
$
118,620

 
$
83,697

Less: Earnings allocated to participating securities
(1,223
)
 

Net income allocated to common stockholders
$
117,397

 
$
83,697

 
 
 
 
Weighted average common shares outstanding
60,853,081

 
51,282,533

Basic earnings per common share
$
1.93

 
$
1.63

 
 
 
 
Diluted
 
 
 
Net income allocated to common stockholders
$
117,397

 
$
83,697

 
 
 
 
Weighted average common shares outstanding
60,853,081

 
51,282,533

Diluted effect of share-based compensation
348,777

 
683,114

Weighted average diluted common shares
61,201,858

 
51,965,647

Diluted earnings per common share
$
1.92

 
$
1.61