NET INCOME PER COMMON SHARE

3 Months Ended

Mar. 31, 2023

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted-average common shares outstanding during the reporting period. Diluted net income per common share is computed by dividing net income available to common stockholders by the combination of the weighted-average common shares outstanding during the reporting period and all potentially dilutive common shares. Potentially dilutive common shares include stock options and RSAs issued under the Corporation's share-based compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per common share in the periods where the effect would be antidilutive.

The following table reconciles basic and diluted net income per common share for the three months ended March 31, 2023 and 2022.


	Three Months Ended March 31,
	2023					2022
	Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount		Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount
Net income available to common stockholders	$	63,610	59,216,198	$	1.07	$	48,586	53,412,762	$	0.91
Effect of potentially dilutive stock options and restricted stock awards			224,530					203,106
Diluted net income per common share	$	63,610	59,440,728	$	1.07	$	48,586	53,615,868	$	0.91

For the three months ended March 31, 2023 and 2022, there were no stock options with an option price greater than the average market price of the common shares.