Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Earnings Per Common Share

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Note 3 - Earnings Per Common Share
3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 3 - EARNINGS PER COMMON SHARE

 

Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options.

 

   

Three Months Ended March 31,

 
   

2022

   

2021

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

               

Weighted average common shares outstanding

    54,263,143       54,050,670  

Net income available to common stockholders

  $ 57,613     $ 51,455  

Basic earnings per common share

  $ 1.06     $ 0.95  
                 

Weighted average common shares outstanding

    54,263,143       54,050,670  

Dilutive effects of assumed exercise of stock options and vesting of performance shares

    258,899       331,321  

Weighted average common and dilutive potential common shares outstanding

    54,522,042       54,381,991  

Net income available to common stockholders

  $ 57,613     $ 51,455  

Diluted earnings per common share

  $ 1.06     $ 0.95