Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Basic and Diluted Net Income Per Common Share

Basic and diluted net income per common share are calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in thousands, except per share data)
(Numerator)
Income available to common stockholders	$	50,988	$	55,352	$	163,531	$	135,974
(Denominator)
Weighted average shares outstanding for basic earnings per common share		32,937,149		32,825,931		32,916,996		32,748,116
Dilutive effect of stock compensation		602,240		710,627		576,019		681,045
Weighted-average shares outstanding for diluted earnings per common share		33,539,389		33,536,558		33,493,015		33,429,161
Basic earnings per share	$	1.55	$	1.69	$	4.97	$	4.15
Diluted earnings per share	$	1.52	$	1.65	$	4.88	$	4.07

Average Exercise Price of Options And RSUs Excluded from Computation of Diluted Net Income Per Common Share

The following table shows the number of options and RSUs that were excluded from the computation of diluted net income per common share for each period because they were anti-dilutive for the period:

	Shares
Three Months Ended September 30, 2023		263,176
Three Months Ended September 30, 2022		184,707
Nine Months Ended September 30, 2023		278,828
Nine Months Ended September 30, 2022		149,669