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
9 Months Ended
Sep. 30, 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 available to common stockholders 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. The difference in earnings per share under the two-class method was not significant for the three and nine months ended September 30, 2022 and 2021, respectively.

 

   

Three Months Ended September 30,

   

Nine Months Ended September 30,

 
   

2022

   

2021

   

2022

   

2021

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

                               

Weighted average common shares outstanding

    54,315,671       54,205,565       54,291,739       54,143,324  

Net income available to common stockholders

  $ 64,031     $ 52,499     $ 183,749     $ 153,950  

Basic earnings per common share

  $ 1.18     $ 0.97     $ 3.38     $ 2.84  
                                 

Weighted average common shares outstanding

    54,315,671       54,205,565       54,291,739       54,143,324  

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

    231,011       272,175       242,054       296,680  

Weighted average common and dilutive potential common shares outstanding

    54,546,682       54,477,740       54,533,793       54,440,004  

Net income available to common stockholders

  $ 64,031     $ 52,499     $ 183,749     $ 153,950  

Diluted earnings per common share

  $ 1.17     $ 0.96     $ 3.37     $ 2.83