| Summary of Earnings Per Common Share |
The following table sets forth the computation of basic and diluted earnings per common share.
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For the Three Months
Ended June 30, |
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For the Six Months
Ended June 30, |
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(unaudited, in thousands, except shares and per share amounts) |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator for both basic and diluted earnings per common share: |
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Net income available to common shareholders |
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$ |
88,437 |
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$ |
54,884 |
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$ |
172,832 |
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$ |
43,360 |
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Denominator: |
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Total average basic common shares outstanding |
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96,028,958 |
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95,744,980 |
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96,066,022 |
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86,339,970 |
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Effect of dilutive stock options and other stock compensation |
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674,922 |
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63,330 |
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440,388 |
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126,731 |
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Total diluted average common shares outstanding |
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96,703,880 |
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95,808,310 |
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96,506,410 |
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86,466,701 |
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Earnings per common share - basic |
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$ |
0.92 |
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$ |
0.57 |
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$ |
1.80 |
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$ |
0.50 |
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Earnings per common share - diluted |
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$ |
0.91 |
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$ |
0.57 |
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$ |
1.79 |
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$ |
0.50 |
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