We compute basic earnings per share by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares and dilutive potential common shares outstanding during the period. Diluted earnings per share reflects the assumed exercise, settlement and vesting of all dilutive securities using the “treasury stock method,” except when the effect is anti-dilutive. Potentially dilutive securities consist of shares issuable upon vesting of restricted stock awards and units.


	Three months ended June 30,				Six months ended June 30,
(dollars in thousands, except per share amounts)	2026		2025		2026		2025
Numerator:
Net income	$	35,358	$	26,466	$	66,497	$	30,789
Denominator:
Weighted average common shares	44,759,580		47,784,062		45,158,724		48,104,780
Add effect of dilutive securities:
Restricted stock and units	124,757		463,995		446,536		682,013
Weighted average common shares assuming dilution	44,884,337		48,248,057		45,605,260		48,786,793
Earnings per share
Basic	$	0.79	$	0.55	$	1.47	$	0.64
Diluted	$	0.79	$	0.55	$	1.46	$	0.63

Anti-dilutive shares excluded from calculations of diluted earnings per share	2,597,193		681,085		2,109,279		1,154,673