| Schedule of Earnings Per Common Share Reconciliation |
The table below shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations.
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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(In thousands, except per share amounts) |
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2026 |
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2025 |
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2026 |
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2025 |
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Earnings per common share: |
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Net earnings |
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$ |
78,098 |
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$ |
52,586 |
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$ |
177,361 |
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$ |
154,254 |
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Less: net earnings allocated to restricted stock |
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391 |
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344 |
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1,022 |
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1,020 |
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Net earnings allocated to common shareholders |
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$ |
77,707 |
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$ |
52,242 |
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$ |
176,339 |
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$ |
153,234 |
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Weighted average shares outstanding |
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174,987 |
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136,831 |
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159,076 |
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137,266 |
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Basic earnings per common share |
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$ |
0.44 |
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$ |
0.38 |
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$ |
1.11 |
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$ |
1.12 |
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Diluted earnings per common share: |
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Net income allocated to common shareholders |
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$ |
77,707 |
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$ |
52,242 |
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$ |
176,339 |
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$ |
153,234 |
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Weighted average shares outstanding |
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174,987 |
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136,831 |
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159,076 |
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137,266 |
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Incremental shares from assumed exercise of
outstanding options |
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177 |
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322 |
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144 |
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277 |
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Diluted weighted average shares outstanding |
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175,164 |
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137,153 |
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159,220 |
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137,543 |
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Diluted earnings per common share |
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$ |
0.44 |
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$ |
0.38 |
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$ |
1.11 |
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$ |
1.11 |
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