Annual report pursuant to Section 13 and 15(d)

Note 19 - Earnings Per Common Share

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Note 19 - Earnings Per Common Share
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 19.     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 at December 31, 2020, 2019 and 2018.

 

   

Year Ended December 31,

 
   

2020

   

2019

   

2018

 
   

(Dollar Amounts In Thousands Except Per Share Amounts)

 

Earnings Per Share

                       

Weighted average common shares outstanding

    53,844,482       53,530,766       53,172,695  

Net income available to common stockholders

  $ 169,506     $ 149,180     $ 136,877  

Basic earnings per common share

  $ 3.15       2.79     $ 2.57  
                         

Weighted average common shares outstanding

    53,844,482       53,530,766       53,172,695  

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

    374,555       572,308       997,184  

Weighted average common and dilutive potential common shares outstanding

    54,219,037       54,103,074       54,169,879  

Net income available to common stockholders

  $ 169,506     $ 149,180     $ 136,877  

Diluted earnings per common share

  $ 3.13     $ 2.76     $ 2.53