Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.3
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Basic EPS
(dollars in thousands, except per share amounts)
Net income
$
12,376

 
$
16,081

 
$
29,704

 
$
46,484

Less: income allocated to unvested restricted stock
101

 
101

 
193

 
284

Income allocated to common shares
$
12,275

 
$
15,980

 
$
29,511

 
$
46,200

Weighted-average shares for basic EPS
30,830,445

 
32,155,132

 
30,736,456

 
32,171,558

Basic EPS
$
0.40

 
$
0.50

 
$
0.96

 
$
1.44

 
 
 
 
 
 
 
 
Effect of dilutive securities-options and unvested restricted stock
28,674

 
120,145

 
32,704

 
134,482

 
 
 
 
 
 
 
 
Diluted EPS
 
 
 
 
 
 
 
Income allocated to common shares
12,275

 
15,980

 
29,511

 
46,200

Weighted-average shares for diluted EPS
30,859,119

 
32,275,277

 
30,769,160

 
32,306,041

Diluted EPS
$
0.40

 
$
0.50

 
$
0.96

 
$
1.43


(1) 
Per share amounts may not be able to be recalculated using net income and weighted-average shares presented above due to rounding.