Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.23.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of EPS for the three months ended March 31, 2023 and 2022 (in thousands, except number of shares and per share data):
Three Months Ended
March 31,
  2023 2022
Net income $ 86,568  $ 97,900 
Basic earnings per share:
Weighted average shares outstanding for basic earnings per share 7,693,084  7,741,365 
Basic earnings per share $ 11.25  $ 12.65 
Diluted earnings per share:
Weighted average shares outstanding for basic earnings per share 7,693,084  7,741,365 
Effect of dilutive securities:
Incentive and equity compensation plans 5,314  1,345 
Weighted average shares outstanding for diluted earnings per share 7,698,398  7,742,710 
Diluted earnings per share $ 11.24  $ 12.64