EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

EARNINGS PER SHARE

Schedule of basic and diluted earnings per share

	Three Months Ended September 30,
	2023		2022
Net income available to common stockholders (in thousands)	$	8,412	$	13,758
Average number of common shares outstanding		46,369,111		49,626,152
Less: Average unallocated ESOP shares and non-vested restricted shares		(3,492,218)		(3,795,415)
Weighted average number of common shares outstanding used to calculate basic earnings per common share		42,876,893		45,830,737
Dilutive effect of share-based compensation		106,584		589,790
Weighted average number of common shares outstanding used to calculate diluted earnings per common share		42,983,477		46,420,527
Earnings per common share:
Basic	$	0.20	$	0.30
Diluted	$	0.20	$	0.30

	Nine Months Ended September 30,
	2023		2022
Net income available to common stockholders (in thousands)	$	23,188	$	36,012
Average number of common shares outstanding		47,133,894		50,738,918
Less: Average unallocated ESOP shares and non-vested restricted shares		(3,541,940)		(3,863,606)
Weighted average number of common shares outstanding used to calculate basic earnings per common share		43,591,954		46,875,312
Dilutive effect of share-based compensation		201,183		666,335
Weighted average number of common shares outstanding used to calculate diluted earnings per common share		43,793,137		47,541,647
Earnings per common share:
Basic	$	0.53	$	0.77
Diluted	$	0.53	$	0.76