The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period, adjusted for stock splits. The computation of diluted earnings per share for the Company begins with the basic earnings per share and includes the effect of common shares contingently issuable from stock options, RSUs and PSUs.

The following is a summary of components comprising basic and diluted earnings per share (“EPS”) for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
	2026		2025
	(Dollars in Thousands Except Share and Per Share Amounts)
Basic EPS Computation:
Numerator – Earnings available to common shareholders	$	22,261	$	16,392
Denominator – Weighted average number of common shares outstanding		12,250,325		11,962,782
Basic earnings per common share	$	1.82	$	1.37
Diluted EPS Computation:
Numerator – Earnings available to common shareholders	$	22,261	$	16,392
Denominator – Weighted average number of common shares outstanding		12,250,325		11,962,782
Dilutive effect of stock options, RSUs and PSUs		43,928		37,329
Weighted average diluted common shares outstanding		12,294,253		12,000,111
Diluted earnings per common share	$	1.81	$	1.37