The following table sets forth the computation of basic and diluted earnings per common share for the three months and six months ended June 30, 2025 and 2024.


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except common share and per common share data)	2025		2024		2025		2024
Numerator:
Net income	$	48,119	$	39,369	$	90,276	$	74,573
Denominator:
Weighted-average common shares outstanding	16,129,951		16,149,523		16,144,647		16,133,183
Effect of dilutive PBRSUs	85,614		90,094		82,503		82,159
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs	16,215,565		16,239,617		16,227,150		16,215,342
Earnings per common share:
Basic earnings per common share	$	2.98	$	2.44	$	5.59	$	4.62
Diluted earnings per common share	$	2.97	$	2.42	$	5.56	$	4.60

Park awarded 49,350 PBRSUs and 59,165 PBRSUs to certain employees during the six months ended June 30, 2025 and 2024, respectively. No PBRSUs were awarded during either of the three months ended June 30, 2025 and 2024.

Park repurchased an aggregate of 120,000 common shares during both the three months and six months ended June 30, 2025, to fund the PBRSUs and the common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions) as well as pursuant to Park's previously announced stock repurchase authorizations. No common shares were repurchased during the three months or six months ended June 30, 2024.