Three Months Ended

March 31,

2024

2023

(dollars in thousands, except per share amounts)

Basic EPS

Net income

$

15,164

$

21,991

Less: income allocated to unvested restricted stock

92

117

Income allocated to common shares

$

15,072

$

21,874

Weighted-average shares for basic EPS

30,119,646

30,347,325

Basic EPS (1)

$

0.50

$

0.72

Effect of dilutive stock options and unvested performance stock units

—

83,420

Diluted EPS

Income allocated to common shares

$

15,072

$

21,874

Weighted-average shares for diluted EPS

30,119,646

30,430,745

Diluted EPS (1)

$

0.50

$

0.72