EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2022

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


	Three months ended				Nine months ended
	September 30,				September 30,
(Dollars in thousands, except per share data)	2022		2021		2022		2021
Numerator
Net income available to common shareholders	$	55,705	$	60,012	$	148,526	$	158,215

Denominator
Weighted average shares outstanding for basic earnings per common share	93,582,250		94,289,097		93,507,831		95,752,759
Effect of dilutive securities
Employee stock awards	1,211,516		854,833		996,622		864,841

Adjusted weighted average shares for diluted earnings per common share	94,793,766		95,143,930		94,504,453		96,617,600

Earnings per share available to common shareholders
Basic	$	0.60	$	0.64	$	1.59	$	1.65
Diluted	$	0.59	$	0.63	$	1.57	$	1.64

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 September 30, 2022 and September 30, 2021.