Earnings Per Share

6 Months Ended

Jun. 30, 2026

(2) Earnings Per Share

The Company computes earnings per share in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 260, Earnings Per Share (“ASC 260”). A reconciliation of the component parts of earnings per share for the three and six months ended June 30, 2026 and 2025 is as follows:

(in thousands, except per share data)	For the three months ended June 30,				For the six months ended June 30,
	2026		2025		2026		2025


Net income	$	16,965	$	15,039	$	33,250	$	29,314
Weighted average common shares		17,304		18,965		17,557		18,992
Effect of Dilutive Securities:
Stock Options and Restricted Stock Units		82		29		73		27
Weighted average common shares including potential dilutive shares		17,386		18,994		17,630		19,019

Basic EPS	$	0.98	$	0.79	$	1.89	$	1.54

Diluted EPS	$	0.98	$	0.79	$	1.89	$	1.54

For both the three and six months ended June 30, 2026 there were no weighted average anti-dilutive stock options excluded from diluted earnings per share. For both the three and six months ended June 30, 2025 there were approximately 8 thousand weighted average anti-dilutive stock options excluded from diluted earnings per share. The stock options were anti-dilutive because the strike price is greater than the average fair value of the Company’s common stock.