Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

The following tables set forth the Company’s earnings per share calculations for the periods indicated:


	For the Year Ended December 31,
(Dollars in thousands, except per share data)	2023		2022		2021
Basic
Net income	$	30,852	$	283,743	$	339,889
Less: dividends and undistributed earnings allocated to participating securities	(2,061)		(3,405)		(3,517)
Net income allocated to common stockholders	$	28,791	$	280,338	$	336,372

Weighted average common shares outstanding	94,113,132		93,718,293		93,532,109
Basic earnings per common share	$	0.31	$	2.99	$	3.60

Diluted
Net income allocated to common stockholders	$	28,791	$	280,338	$	336,372

Weighted average common shares outstanding	94,113,132		93,718,293		93,532,109
Dilutive effect of share-based compensation	123,743		373,168		480,028
Weighted average diluted common shares	94,236,875		94,091,461		94,012,137
Diluted earnings per common share	$	0.31	$	2.98	$	3.58