EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2021

The following table sets forth the computation of basic and diluted earnings per common share:


	Three months ended
	March 31,
(Dollars in thousands, except per share data)		2021		2020
Numerator
Net income available to common shareholders		$	47,315	$	28,628

Denominator
Weighted average shares outstanding for basic earnings per common share		96,873,940		97,736,690
Effect of dilutive securities
Employee stock awards		853,587		619,524

Adjusted weighted average shares for diluted earnings per common share		97,727,527		98,356,214

Earnings per share available to common shareholders
Basic		$	0.49	$	0.29
Diluted		$	0.48	$	0.29

Stock options and warrants with exercise prices greater than the average market price of the common shares were not included in the computation of net income per diluted share, as they would have been antidilutive. Using the end of period price of the Company's common shares, there were no antidilutive options at March 31, 2021 and March 31, 2020.