Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Summary of Earnings Per Common Share

Earnings per common share are calculated as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(unaudited, in thousands, except shares and per share amounts)	2024		2023		2024		2023
Numerator for both basic and diluted earnings per common share:
Net income available to common shareholders	$	26,385	$	42,349	$	59,546	$	82,158
Denominator:
Total average basic common shares outstanding		59,521,872		59,263,949		59,452,315		59,240,958
Effect of dilutive stock options and other stock compensation		134,557		121,898		140,645		148,356
Total diluted average common shares outstanding		59,656,429		59,385,847		59,592,960		59,389,314
Earnings per common share - basic	$	0.44	$	0.71	$	1.00	$	1.39
Earnings per common share - diluted	$	0.44	$	0.71	$	1.00	$	1.38