| Schedule of Earnings Per Common Share Reconciliation |
The table below shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations.
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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(In thousands, except per share amounts) |
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Earnings per common share: |
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Net earnings |
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$ |
50,564 |
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$ |
50,035 |
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$ |
101,668 |
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$ |
98,634 |
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Less: Net earnings allocated to restricted stock |
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340 |
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373 |
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675 |
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697 |
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Net earnings allocated to common shareholders |
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$ |
50,224 |
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$ |
49,662 |
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$ |
100,993 |
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$ |
97,937 |
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Weighted average shares outstanding |
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136,999 |
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138,584 |
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137,615 |
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138,419 |
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Basic earnings per common share |
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$ |
0.37 |
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$ |
0.36 |
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$ |
0.73 |
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$ |
0.71 |
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Diluted earnings per common share: |
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Net income allocated to common shareholders |
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$ |
50,224 |
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$ |
49,662 |
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$ |
100,993 |
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$ |
97,937 |
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Weighted average shares outstanding |
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136,999 |
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138,584 |
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137,615 |
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138,419 |
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Incremental shares from assumed exercise of
outstanding options |
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174 |
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85 |
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274 |
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142 |
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Diluted weighted average shares outstanding |
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137,173 |
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138,669 |
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137,889 |
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138,561 |
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Diluted earnings per common share |
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$ |
0.37 |
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$ |
0.36 |
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$ |
0.73 |
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$ |
0.71 |
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