v3.26.1
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding. Diluted earnings per share is computed using the treasury stock method and reflects the potential dilution from the Company’s outstanding restricted stock units and performance restricted stock units.
The following table sets forth the computation of basic and diluted earnings per share:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Numerator:
Net income$27,844 $19,230 $39,044 $38,305 
Denominator:
Weighted average common shares outstanding36,373,74931,510,75934,785,70131,547,669
Dilutive effect of outstanding restricted stock units92,93977,782106,438102,097
Weighted average common shares outstanding, including all dilutive potential shares36,466,68831,588,54134,892,13931,649,766
Earnings per share - basic$0.77 $0.61 $1.12 $1.21 
Earnings per share - diluted$0.76 $0.61 $1.12 $1.21