EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2023

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)		2023		2022
Numerator
Net income available to common shareholders		$	70,403	$	41,301

Denominator
Weighted average shares outstanding for basic earnings per common share		93,732,532		93,383,932
Effect of dilutive securities
Employee stock awards		1,227,626		879,993

Adjusted weighted average shares for diluted earnings per common share		94,960,158		94,263,925

Earnings per share available to common shareholders
Basic		$	0.75	$	0.44
Diluted		$	0.74	$	0.44

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, 2023 and March 31, 2022.