v3.26.1
Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted

The following table presents a reconciliation of net income available to common shareholders and the number of shares used in the calculation of basic and diluted earnings per common share shown on the consolidated statements of income:

 

 

For the Three Months
Ended March 31,

 

(Dollars in thousands, except share and per share data)

 

2026

 

 

2025

 

Net income

 

$

16,368

 

 

$

13,589

 

Less: dividends declared, Series A Preferred Stock

 

 

1,171

 

 

 

1,171

 

Net income available to common shareholders

 

$

15,197

 

 

$

12,418

 

Weighted-average shares outstanding for basic earnings per common share

 

 

14,814,661

 

 

 

13,776,998

 

Dilutive effect of stock compensation and other dilutive securities

 

 

3,745,395

 

 

 

3,663,828

 

Weighted-average shares outstanding for diluted earnings per common share

 

 

18,560,056

 

 

 

17,440,826

 

Basic earnings per share

 

$

1.03

 

 

$

0.90

 

Diluted earnings per share

 

$

0.88

 

 

$

0.78