Schedule of Reconciliation of Basic EPS and Diluted EPS |
The following table is a reconciliation of basic EPS and diluted EPS: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | June 30, 2025 | | June 30, 2024 | | Basic | | Fully Diluted | | Basic | | Fully Diluted | | (Dollars in Thousands, Except Per Share Amounts) | Numerator: | | | | | | | | Net income | $ | 22,026 | | | $ | 22,026 | | | $ | 16,372 | | | $ | 16,372 | | | | | | | | | | Denominator: | | | | | | | | Weighted average shares outstanding | 89,104,605 | | | 89,104,605 | | | 88,904,692 | | | 88,904,692 | | Effect of dilutive securities | — | | | 508,176 | | | — | | | 317,623 | | Adjusted weighted average shares outstanding | 89,104,605 | | | 89,612,781 | | | 88,904,692 | | | 89,222,315 | | | | | | | | | | EPS | $ | 0.25 | | | $ | 0.25 | | | $ | 0.18 | | | $ | 0.18 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | June 30, 2025 | | June 30, 2024 | | Basic | | Fully Diluted | | Basic | | Fully Diluted | | (Dollars in Thousands, Except Per Share Amounts) | Numerator: | | | | | | | | Net income | $ | 41,126 | | | $ | 41,126 | | | $ | 31,037 | | | $ | 31,037 | | | | | | | | | | Denominator: | | | | | | | | Weighted average shares outstanding | 89,104,060 | | | 89,104,060 | | | 88,899,635 | | | 88,899,635 | | Effect of dilutive securities | — | | | 486,207 | | | — | | | 302,277 | | Adjusted weighted average shares outstanding | 89,104,060 | | | 89,590,267 | | | 88,899,635 | | | 89,201,912 | | | | | | | | | | EPS | $ | 0.46 | | | $ | 0.46 | | | $ | 0.35 | | | $ | 0.35 | |
|