Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

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 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

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

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