v3.26.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any restricted stock or RSUs vest.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

 

 

(in thousands, except share and per share amounts)

 

Basic EPS:

 

 

 

 

 

 

Net income

 

$

8,145

 

 

$

8,949

 

Basic weighted average common shares

 

 

18,759,526

 

 

 

19,036,309

 

Basic earnings per common share

 

$

0.43

 

 

$

0.47

 

Diluted EPS:

 

 

 

 

 

 

Net income

 

$

8,145

 

 

$

8,949

 

Diluted weighted average common shares:

 

 

 

 

 

 

Weighted average common shares

 

 

18,759,526

 

 

 

19,036,309

 

Restricted stock and RSUs

 

 

103,869

 

 

 

118,117

 

Diluted weighted average common shares

 

 

18,863,395

 

 

 

19,154,426

 

Diluted earnings per common share

 

$

0.43

 

 

$

0.47