| Reconciliation of the Denominators of the Basic and Diluted EPS Computations |
The following table presents basic and diluted EPS calculations for the three and six months ended June 30, (dollars in thousands except per share data): | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Net Income | | | | | | | | | | | | | Net Income | | $ | 19,791 | | $ | 25,161 | | $ | 69,610 | | $ | 74,930 | Less: Preferred Stock Dividends | | | 2,967 | | | 2,967 | | | 5,934 | | | 5,934 | Net income available to common shareholders | | $ | 16,824 | | $ | 22,194 | | $ | 63,676 | | $ | 68,996 | | | | | | | | | | | | | | Weighted average shares outstanding, basic | | | 141,680 | | | 89,768 | | | 115,596 | | | 82,483 | Dilutive effect of stock awards and forward equity sale agreements | | | 58 | | | — | | | 461 | | | — | Weighted average shares outstanding, diluted | | | 141,738 | | | 89,768 | | | 116,057 | | | 82,483 | | | | | | | | | | | | | | Earnings per common share, basic | | $ | 0.12 | | $ | 0.25 | | $ | 0.55 | | $ | 0.84 | Earnings per common share, diluted | | $ | 0.12 | | $ | 0.25 | | $ | 0.55 | | $ | 0.84 | | | | | | | | | | | | | |
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