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Earnings Per Share
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 14. EARNINGS PER SHARE

The following is a reconciliation for the calculation of basic and diluted earnings per share for the three and six months ended June 30, 2021 and 2020:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(dollars in thousands)

 

 

(dollars in thousands)

 

Net income

 

$

40,880

 

 

$

18,938

 

 

$

70,958

 

 

$

42,543

 

Weighted average number of common shares outstanding

 

 

125,631,725

 

 

 

111,573,332

 

 

 

120,351,366

 

 

 

110,959,839

 

Dilutive effect of warrants and options outstanding

 

 

7,370,506

 

 

 

3,733,981

 

 

 

7,533,547

 

 

 

3,508,500

 

Diluted weighted average number of common shares outstanding

 

 

133,002,231

 

 

 

115,307,313

 

 

 

127,884,913

 

 

 

114,468,339

 

Basic earnings per share

 

$

0.33

 

 

$

0.17

 

 

$

0.59

 

 

$

0.38

 

Diluted earnings per share

 

$

0.31

 

 

$

0.16

 

 

$

0.55

 

 

$

0.37