The following table presents a reconciliation of net income and the shares used in calculating weighted average basic and diluted earnings per common share for the three months ended March 31, 2025 and March 31, 2024.


	For the Three Months Ended March 31,
		2025		2024
Net Income		$	27,332	$	14,516
Less: Preferred dividends		(3,000)		(2,995)
Net Income available to common stockholders		$	24,332	$	11,521

Weighted average common shares outstanding – basic		75,222		48,770
Add: Effect of dilutive non-vested awards, assumed vested		158		218
Weighted average common shares outstanding – diluted		75,380		48,988

Net Income per share available to common stockholders - basic		0.32		0.24
Net Income per share available to common stockholders - diluted		0.32		0.24