v3.26.1
Earnings Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
Note 8—Earnings Per Share

Basic earnings per common share is computed by dividing net earnings allocated to common shareholders by the weighted average number of common shares outstanding during the applicable period. Diluted earnings per common share is computed using the weighted average number of shares determined for the basic earnings per common share computation plus the dilutive effects of outstanding restricted stock awards using the treasury stock method. Shares are excluded from the computations of diluted earnings per common share when their inclusion has an anti-dilutive effect. For the three and six months ended June 30, 2026, there were no potential common shares that were anti-dilutive.

The following tables present the factors used in the earnings per common share computation for the periods indicated:

 
 
Three Months Ended
June 30,
 
(Dollars in thousands, except share and per share amounts)
 
2026
   
2025
 
             
Net income
 
$
24,732
   
$
23,055
 
 
               
Weighted average common shares outstanding for basic earnings per common share
   
672,666
     
697,332
 
Dilutive potential common shares
   
6,894
     
2,520
 
Shares used in computing diluted earnings per common share
   
679,560
     
699,852
 
 
               
Basic earnings per common share
 
$
36.77
   
$
33.06
 
Diluted earnings per common share
 
$
36.39
   
$
32.94
 

 
 
Six Months Ended
June 30,
 
(Dollars in thousands, except share and per share amounts)
 
2026
   
2025
 
             
Net income
 
$
48,803
   
$
46,064
 
 
               
Weighted average common shares outstanding for basic earnings per common share
   
671,472
     
698,527
 
Dilutive potential common shares
   
11,440
     
1,575
 
Shares used in computing diluted earnings per common share
   
682,912
     
700,102
 
 
               
Basic earnings per common share
 
$
72.68
   
$
65.94
 
Diluted earnings per common share
 
$
71.46
   
$
65.80