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 |
|
|