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Earnings Per Share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per common share (“EPS”) is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period, without considering any dilutive items. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company.

The following table sets forth the computation of basic and diluted EPS (in thousands, except share data and per share amounts): 
Quarter ended March 31,
 20242023
Net income$29,163 33,679 
Less: Dividends and undistributed earnings allocated to participating securities74 146 
Net income available to common shareholders$29,089 33,533 
Weighted average common shares outstanding126,814,233 126,498,512 
Add: Effect of common share options and other stock awards784,738 551,751 
Total weighted average common shares and dilutive potential shares127,598,971 127,050,263 
Basic earnings per share$0.23 0.27 
Diluted earnings per share$0.23 0.26