v3.26.1
EARNINGS PER COMMON SHARE
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
Basic earnings per common share is calculated as net income divided by the weighted-average number of common shares outstanding during the period. All restricted shares and performance share awards are considered outstanding at the date of grant. Diluted earnings per common share is computed using the weighted-average number of common shares determined for the basic earnings per common share computation plus the potential diluted effect of outstanding stock options and performance share units using the treasury stock method. A reconciliation of the weighted-average shares used in calculating basic earnings per common share and the weighted-average common shares used in calculating diluted earnings per common share and for the reported periods is provided below.
Three Months Ended March 31,
20262025
AmountPer Share
Amount
AmountPer Share
Amount
(Dollars in thousands, except per share data)
Net income attributable to shareholders$26,966 $24,702 
Basic:
Weighted-average shares outstanding50,829 $0.53 53,146 $0.46 
Diluted:
Add incremental shares for:
Dilutive effect of stock option exercises and performance share units115 51 
Total50,944 $0.53 53,197 $0.46 
There were 18,286 and 93,905 shares not considered in computing diluted earnings per share as of March 31, 2026 and 2025, respectively, as they were antidilutive.