Net Income Per Common Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Income Per Common Share

(8) NET INCOME PER COMMON SHARE

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

	Three Months Ended March 31,
	2024		2023
	(Dollars in thousands, except per share data)
(Numerator)
Income available to common stockholders	$	50,334	$	57,533
(Denominator)
Weighted average shares outstanding for basic earnings per common share		32,947,983		32,892,857
Dilutive effect of stock compensation		565,429		569,882
Weighted-average shares outstanding for diluted earnings per common share		33,513,412		33,462,739
Basic earnings per share	$	1.53	$	1.75
Diluted earnings per share	$	1.50	$	1.72

The following table shows the number of options and RSU's 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 March 31, 2024		270,417
Three Months Ended March 31, 2023		309,833