Three months ended March 31,

(Dollars in thousands, except share and per share data)

2016

2015

Net income

$

46,163

$

35,980

Weighted-average shares:

Basic weighted-average number of common shares outstanding

79,734,519

79,835,628

Dilutive effect of weighted-average outstanding common share equivalents

Warrants

452,368

344,919

Options

83,018

108,457

Restricted stock units

123,944

20,379

Diluted weighted-average number of common shares outstanding

80,393,849

80,309,383

Average stock options and warrants with anti-dilutive effect

359,544

1,670,231

Earnings per common share:

Basic

$

0.58

$

0.45

Diluted

$

0.57

$

0.45