Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.24.2.u1
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Reconciliation of the Denominators of the Basic and Diluted EPS Computations

The following table presents basic and diluted EPS calculations for the three and six months ended June 30, (dollars in thousands except per share data):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2024

2023

2024

2023

Net Income

Net Income

$

25,161

$

55,241

$

74,930

$

90,894

Less: Preferred Stock Dividends

2,967

2,967

5,934

5,934

Net income available to common shareholders

$

22,194

$

52,274

$

68,996

$

84,960

Weighted average shares outstanding, basic

 

89,768

 

74,995

 

82,483

 

74,914

Dilutive effect of stock awards

 

 

 

 

2

Weighted average shares outstanding, diluted

 

89,768

 

74,995

 

82,483

 

74,916

Earnings per common share, basic

$

0.25

$

0.70

$

0.84

$

1.13

Earnings per common share, diluted

$

0.25

$

0.70

$

0.84

$

1.13