Earnings Per Share

6 Months Ended

Jun. 30, 2026

Earnings per share on a basic and diluted basis are calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic and Diluted Earnings:
Net income	$	26,837	$	21,813	$	50,096	$	43,320
Less: Earnings allocated to participating securities	16		13		27		29
Net income available to common shareholders	$	26,821	$	21,800	$	50,069	$	43,291
Basic weighted-average shares outstanding	29,769		30,234		29,752		30,311
Add: Stock awards	108		74		105		86
Diluted weighted-average shares outstanding	29,877		30,308		29,857		30,397
Basic earnings per share:
Net income	$	0.90	$	0.72	$	1.68	$	1.43
Diluted earnings per share:
Net income	$	0.90	$	0.72	$	1.68	$	1.42

For the three and six months ended June 30, 2026, there were approximately 427,000 and 428,000 anti-dilutive shares, respectively. For the six months ended June 30, 2025, there were approximately 524,000 and 520,000 anti-dilutive shares, respectively.