Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.2
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023 and 2022 (dollars in thousands except per share data):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2023

2022

2023

2022

Net Income

$

55,241

$

62,226

$

90,894

$

105,916

Less: Preferred Stock Dividends

2,967

2,967

5,934

5,934

Net income available to common shareholders

$

52,274

$

59,259

$

84,960

$

99,982

Weighted average shares outstanding, basic

 

74,995

 

74,848

 

74,914

 

75,194

Dilutive effect of stock awards

 

 

2

 

2

 

7

Weighted average shares outstanding, diluted

 

74,995

 

74,850

 

74,916

 

75,201

Earnings per common share, basic

$

0.70

$

0.79

$

1.13

$

1.33

Earnings per common share, diluted

$

0.70

$

0.79

$

1.13

$

1.33