Year Ended December 31,

2023

2022

2021

Net income available to common stockholders (in thousands)

$

16,077

$

45,589

$

58,517

Average number of common shares outstanding

46,732,435

50,293,762

54,454,113

Less: Average unallocated ESOP shares and non-vested restricted shares

(3,510,697)

(3,810,098)

(3,707,811)

Weighted average number of common shares outstanding used to calculate basic earnings per common share

43,221,738

46,483,664

50,746,302

Dilutive effect of share-based compensation

197,884

634,793

776,833

Weighted average number of common shares outstanding used to calculate diluted earnings per common share

43,419,622

47,118,457

51,523,135

Earnings per common share:

Basic

$

0.37

$

0.98

$

1.15

Diluted

$

0.37

$

0.97

$

1.14