v3.25.2
NET INCOME PER COMMON SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE
NET INCOME PER COMMON SHARE

Basic net income per common share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the reporting period.

Diluted net income per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. It is computed by dividing net income available to common stockholders by the sum of the weighted-average common shares outstanding and the effect of all potentially dilutive common shares outstanding during the period.

Potentially dilutive common shares include stock options and RSAs granted under the Corporation’s share-based compensation plans. These securities are included in the diluted earnings per share calculation only when their effect is dilutive. Securities that would increase earnings per share are considered anti-dilutive and are therefore excluded from the computation of diluted earnings per share for the applicable periods.

The following tables reconcile basic and diluted net income per common share for the three and six months ended June 30, 2025 and 2024.

 Three Months Ended June 30,
 20252024
 Net Income Available to Common StockholdersWeighted-Average Common SharesPer Share
Amount		Net Income Available to Common StockholdersWeighted-Average Common SharesPer Share
Amount
Net income available to common stockholders$56,363 57,501,593 $0.98 $39,456 58,104,021 $0.68 
Effect of potentially dilutive stock options and restricted stock awards270,987  224,244  
Diluted net income per common share$56,363 57,772,580 $0.98 $39,456 58,328,265 $0.68 
RSAs excluded from the diluted average common share calculation60,990 90,734 
 Six Months Ended June 30,
 20252024
 Net Income Available to Common StockholdersWeighted-Average Common SharesPer Share
Amount		Net Income Available to Common StockholdersWeighted-Average Common SharesPer Share
Amount
Net income available to common stockholders$111,233 57,734,032 $1.93 $86,928 58,585,405 $1.48 
Effect of potentially dilutive stock options and restricted stock awards271,353  215,058  
Diluted net income per common share$111,233 58,005,385 $1.92 $86,928 58,800,463 $1.48 
RSAs excluded from the diluted average common share calculation53,548 89,011