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, 2024 and 2023, are shown in the table below, dollars and number of shares in thousands, except per share data: | | | | | | | | | | | | | Three Months Ended September 30, | | 2024 | | 2023 | Net income attributable to HTLF | $ | 64,153 | | | $ | 48,091 | | Preferred dividends | (2,013) | | | (2,013) | | | | | | | | | | Net income available to common stockholders | $ | 62,140 | | | $ | 46,078 | | | | | | Weighted average common shares outstanding for basic earnings per share | 43,000 | | | 42,761 | | Assumed incremental common shares issued upon vesting of outstanding restricted stock units | 195 | | | 52 | | Weighted average common shares for diluted earnings per share | 43,195 | | | 42,813 | | Earnings per common share — basic | $ | 1.45 | | | $ | 1.08 | | Earnings per common share — diluted | $ | 1.44 | | | $ | 1.08 | | Number of antidilutive common stock equivalents excluded from diluted earnings per share computation | — | | | 204 | | Number of antidilutive stock options excluded from diluted earnings per share computation | 31 | | 58 | | | | | | | Nine Months Ended September 30, | | 2024 | | 2023 | Net income | $ | 155,602 | | | $ | 150,283 | | Preferred dividends | (6,038) | | | (6,038) | | | | | | Net income available to stockholders | $ | 149,564 | | | $ | 144,245 | | | | | | Weighted average common shares outstanding for basic earnings per share | 42,908 | | | 42,681 | | Assumed incremental common shares issued upon vesting of outstanding restricted stock units | 172 | | | 89 | | Weighted average common shares for diluted earnings per share | 43,080 | | | 42,770 | | Earnings per common share — basic | $ | 3.49 | | | $ | 3.38 | | Earnings per common share — diluted | $ | 3.47 | | | $ | 3.37 | | Number of antidilutive common stock equivalents excluded from diluted earnings per share computation | — | | | 107 | | Number of antidilutive stock options excluded from diluted earnings per share computation | 53 | | | 62 | |
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