Earnings Per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2026 and 2025 is as follows:

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


Net income	$	17,318	$	16,258	$	50,568	$	45,572
Weighted average common shares		16,842		18,755		17,317		18,912
Effect of Dilutive Securities:
Stock Options and Restricted Stock Units		97		50		81		35
Weighted average common shares including potential dilutive shares		16,939		18,805		17,398		18,947

Basic EPS	$	1.03	$	0.87	$	2.92	$	2.41

Diluted EPS	$	1.02	$	0.86	$	2.91	$	2.41

For the three months and nine months ended September 30, 2026 and 2025 there were no weighted average antidilutive stock options excluded from dilutive earnings per share.