v3.26.3
Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Calculation of Earnings per Share
The following table presents the calculation of EPS:
(Dollars and shares in thousands, except per share amounts)
Three MonthsNine Months
Periods ended September 30, 2026202520262025
Earnings for basic and diluted EPS calculations:
Net income$19,381 $10,846 $47,962 $36,270 
Shares for basic and diluted EPS calculations:
Weighted average common shares outstanding for basic EPS
19,076 19,128 19,060 19,229 
Dilutive effect of common stock equivalents188 115 153 100 
Weighted average common and potential common shares outstanding for diluted EPS
19,264 19,243 19,213 19,329 
EPS:
Basic earnings per common share$1.02 $0.57 $2.52 $1.89 
Diluted earnings per common share$1.01 $0.56 $2.50 $1.88 
Shares excluded from the calculation of diluted EPS:
Weighted average anti-dilutive common stock equivalents (1)
240 429 364 430 
(1)Weighted average anti-dilutive common stock equivalents represent share-based compensation awards not included in the calculation of common shares outstanding for purposes of calculating diluted EPS as the grant prices were greater than the average market price of the Bancorp’s common stock, and therefore were anti-dilutive.