Quarterly report [Sections 13 or 15(d)]

Note 3 - Earnings Per Common Share

v3.26.1
Note 3 - Earnings Per Common Share
3 Months Ended
Mar. 31, 2026
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 the three month periods ended March 31, 2026 and 2025.

 

   

Three Months Ended March 31,

 
   

2026

   

2025

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

               

Weighted average common shares outstanding

    54,642,406       54,586,274  

Net income available to common stockholders

  $ 82,971     $ 63,224  

Basic earnings per common share

  $ 1.52     $ 1.16  
                 

Weighted average common shares outstanding

    54,642,406       54,586,274  

Dilutive effects of assumed conversions and exercise of stock options and warrants

    52,611       70,356  

Weighted average common and dilutive potential common shares outstanding

    54,695,017       54,656,630  

Net income available to common stockholders

  $ 82,971     $ 63,224  

Diluted earnings per common share

  $ 1.52     $ 1.16