Schedule of Earnings Per Share, Basic and Diluted |
Amounts used in the determination of basic and diluted earnings per share for the three- and nine- months ended September 30, 2023 and 2022, are shown in the table below, dollars and number of shares in thousands, except per share data: | | | | | | | | | | | | | Three Months Ended September 30, | | 2023 | | 2022 | Net income | $ | 48,091 | | | $ | 56,564 | | Preferred dividends | (2,013) | | | (2,013) | | | | | | | | | | Net income available to common stockholders | $ | 46,078 | | | $ | 54,551 | | | | | | Weighted average common shares outstanding for basic earnings per share | 42,761 | | | 42,575 | | Assumed incremental common shares issued upon vesting of outstanding restricted stock units | 52 | | | 69 | | Weighted average common shares for diluted earnings per share | 42,813 | | | 42,644 | | Earnings per common share — basic | $ | 1.08 | | | $ | 1.28 | | Earnings per common share — diluted | $ | 1.08 | | | $ | 1.28 | | Number of antidilutive common stock equivalents excluded from diluted earnings per share computation | 204 | | | 4 | | Number of antidilutive stock options excluded from diluted earnings per share computation | 58 | | — | | | | | | | Nine Months Ended September 30, | | 2023 | | 2022 | Net income | $ | 150,283 | | | $ | 151,526 | | Preferred dividends | (6,038) | | | (6,038) | | | | | | Net income available to stockholders | $ | 144,245 | | | $ | 145,488 | | | | | | Weighted average common shares outstanding for basic earnings per share | 42,681 | | | 42,471 | | Assumed incremental common shares issued upon vesting of outstanding restricted stock units | 89 | | | 125 | | Weighted average common shares for diluted earnings per share | 42,770 | | | 42,596 | | Earnings per common share — basic | $ | 3.38 | | | $ | 3.43 | | Earnings per common share — diluted | $ | 3.37 | | | $ | 3.42 | | Number of antidilutive common stock equivalents excluded from diluted earnings per share computation | 107 | | | 8 | | Number of antidilutive stock options excluded from diluted earnings per share computation | 62 | | | — | |
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