Quarterly report [Sections 13 or 15(d)]

Note 3 - Earnings Per Common Share

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Note 3 - Earnings Per Common Share
6 Months Ended
Jun. 30, 2025
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. The difference in earnings per share under the two-class method was not significant for both the three and six month periods ended June 30, 2025 and 2024.

 

   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2025

   

2024

   

2025

   

2024

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

                               

Weighted average common shares outstanding

    54,610,516       54,516,638       54,603,086       54,503,829  

Net income available to common stockholders

  $ 61,393     $ 52,105     $ 124,617     $ 102,131  

Basic earnings per common share

  $ 1.12     $ 0.96     $ 2.28     $ 1.87  
                                 

Weighted average common shares outstanding

    54,610,516       54,516,638       54,603,086       54,503,829  

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

    53,964       92,041       57,491       98,203  

Weighted average common and dilutive potential common shares outstanding

    54,664,480       54,608,679       54,660,577       54,602,032  

Net income available to common stockholders

  $ 61,393     $ 52,105     $ 124,617     $ 102,131  

Diluted earnings per common share

  $ 1.12     $ 0.95     $ 2.28     $ 1.87