Earnings per Share

Basic earnings per share excludes dilution and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and resulted in the issuance of common stock that then shared in earnings. Outstanding stock options and restricted stock units with anti-dilutive effect were

not

included in the computation of diluted earnings per share. The following table sets forth earnings per common share calculations:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands, except share and per share data)	2018		2017		2018		2017
Net income	$	73,664	$	51,415	$	137,480	$	100,356

Weighted-average shares:
Basic weighted-average number of common shares outstanding		81,236,315		79,840,188		81,180,160		79,772,268

Dilutive effect of weighted-average outstanding common share equivalents
Warrants		278,080		410,677		286,718		413,625
Options		-		24,169		-		29,002
Restricted stock units		260,591		287,573		261,099		273,410
Diluted weighted-average number of common shares outstanding		81,774,986		80,562,607		81,727,977		80,488,305

Average stock options and restricted stock units with anti-dilutive effect		6,521		-		22,624		9,895
Earnings per common share:
Basic	$	0.91	$	0.64	$	1.69	$	1.26
Diluted	$	0.90	$	0.64	$	1.68	$	1.25