Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share Calculations |
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations for the three and six months ended June 30, 2025 and 2024 (dollars in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | | | 2025 | | 2024 | | | | Net Income | | Weighted Average Common Shares Outstanding | | Per Share Amount | | Net Income | | Weighted Average Common Shares Outstanding | | Per Share Amount | | Net income (loss) | | $ | 71,981 | | | | | | | $ | (11,485) | | | | | | | Basic earnings per share: | | | | | | | | | | | | | | Income (loss) available to common stockholders | | $ | 71,981 | | | 130,484,287 | | | $ | 0.55 | | | $ | (11,485) | | | 102,957,521 | | | $ | (0.11) | | | Dilutive shares | | | | 15,856 | | | | | | | — | | | | | Diluted earnings per share: | | | | | | | | | | | | | | Income (loss) available to common stockholders | | $ | 71,981 | | | 130,500,143 | | | $ | 0.55 | | | $ | (11,485) | | | 102,957,521 | | | $ | (0.11) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, | | | | 2025 | | 2024 | | | | Net Income | | Weighted Average Common Shares Outstanding | | Per Share Amount | | Net Income | | Weighted Average Common Shares Outstanding | | Per Share Amount | | Net income | | $ | 136,009 | | | | | | | $ | 20,596 | | | | | | | Basic earnings per share: | | | | | | | | | | | | | | Income available to common stockholders | | $ | 136,009 | | | 130,405,490 | | | $ | 1.04 | | | $ | 20,596 | | | 89,108,775 | | | $ | 0.23 | | | Dilutive shares | | | | 35,468 | | | | | | | 7,815 | | | | | Diluted earnings per share: | | | | | | | | | | | | | | Income available to common stockholders | | $ | 136,009 | | | 130,440,958 | | | $ | 1.04 | | | $ | 20,596 | | | 89,116,590 | | | $ | 0.23 | | |
|