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The following tables compute basic and diluted earnings per share (in thousands, except per share data):
| | | Three Months Ended September 30, 2026 | |
| | | Income Numerator | | | Shares Denominator | | | Per-Share Amount | |
| Net income | | $ | 13,022 | | | | | | | | | |
| Less: Preferred stock dividends | | | (319 | ) | | | | | | | | |
| Basic income per share: | | | | | | | | | | | | |
| Income attributable to common stockholders | | $ | 12,703 | | | | 75,756 | | | $ | 0.17 | |
| Add: Dilutive securities | | | — | | | | 1,840 | | | | | |
| Diluted income per share: | | | | | | | | | | | | |
| Income attributable to common stockholders | | $ | 12,703 | | | | 77,596 | | | $ | 0.16 | |
| | | Three Months Ended September 30, 2025 | |
| | | Income
Numerator | | | Shares
Denominator | | | Per-Share
Amount | |
| Net income | | $ | 14,208 | | | | | | | | | |
| Less: Preferred stock dividends | | | (319 | ) | | | | | | | | |
| Basic and diluted income per share: | | | | | | | | | | | | |
| Income attributable to common stockholders | | $ | 13,889 | | | | 74,777 | | | $ | 0.19 | |
| | | Nine Months Ended September 30, 2026 | |
| | | Income Numerator | | | Shares Denominator | | | Per-Share Amount | |
| Net income | | $ | 28,994 | | | | | | | | | |
| Less: Preferred stock dividends | | | (946 | ) | | | | | | | | |
| Basic income per share: | | | | | | | | | | | | |
| Income attributable to common stockholders | | $ | 28,048 | | | | 75,381 | | | $ | 0.37 | |
| Add: Dilutive securities | | | — | | | | 1,478 | | | | | |
| Diluted income per share: | | | | | | | | | | | | |
| Income attributable to common stockholders | | $ | 28,048 | | | | 76,859 | | | $ | 0.36 | |
| | | Nine Months Ended September 30, 2025 | |
| | | Loss Numerator | | | Shares Denominator | | | Per-Share Amount | |
| Net loss | | $ | (8,468 | ) | | | | | | | | |
| Less: Preferred stock dividends | | | (946 | ) | | | | | | | | |
| Basic and diluted loss per share: | | | | | | | | | | | | |
| Loss attributable to common stockholders | | $ | (9,414 | ) | | | 74,415 | | | $ | (0.13 | ) |
There were an additional 981,000 aggregate potentially dilutive weighted-average shares from convertible securities outstanding for the three and nine months ended September 30, 2026 and September 30, 2025. These securities were not considered in calculating diluted net income (loss) per share for the three and nine months ended September 30, 2026 and 2025, as their effects would have been anti-dilutive.
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