v3.26.1
Earnings Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share  
Earnings Per Share

Note 2: Earnings Per Share

Basic earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares, adjusted for the dilutive effect of stock compensation. For the three and six months ended June 30, 2026, stock options, restricted stock units, and performance stock units totaling 81,703 and 117,241, respectively, were excluded from the calculation because they were deemed to be anti-dilutive. For the three and six months ended June 30, 2025, stock options and restricted stock units totaling 576,788 and 585,885, respectively, were excluded from the calculation because they were deemed to be anti-dilutive.

The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three and six months ended June 30, 2026 and 2025:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(dollars in thousands, except per share data)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Net Income Available to Common Shareholders

$

12,993

$

10,506

$

29,386

$

19,126

Weighted Average Common Stock Outstanding:

Weighted Average Common Stock Outstanding (Basic)

27,861,522

27,460,982

27,830,976

27,514,579

Dilutive Effect of Stock Compensation

727,810

537,026

715,745

508,013

Weighted Average Common Stock Outstanding (Dilutive)

28,589,332

27,998,008

28,546,721

28,022,529

Basic Earnings per Common Share

$

0.47

$

0.38

$

1.06

$

0.70

Diluted Earnings per Common Share

0.45

0.38

1.03

0.68