Annual report [Section 13 and 15(d), not S-K Item 405]

Note 18 - Earnings Per Common Share

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Note 18 - Earnings Per Common Share
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 18.         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 pursuant to the exercise of stock options and vesting of performance shares. The difference in earnings per share under the two-class method was not significant at December 31, 2025, 2024 and 2023.

 

   

Year Ended December 31,

 
   

2025

   

2024

   

2023

 
   

(Dollar Amounts In Thousands Except Per Share Amounts)

 

Earnings Per Share

                       

Weighted average common shares outstanding

    54,609,237       54,528,302       54,411,171  

Net income available to common stockholders

  $ 276,541     $ 227,180     $ 206,791  

Basic earnings per common share

  $ 5.06     $ 4.17     $ 3.80  
                         

Weighted average common shares outstanding

    54,609,237       54,528,302       54,411,171  

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

    57,037       95,932       124,144  

Weighted average common and dilutive potential common shares outstanding

    54,666,274       54,624,234       54,535,315  

Net income available to common stockholders

  $ 276,541     $ 227,180     $ 206,791  

Diluted earnings per common share

  $ 5.06     $ 4.16     $ 3.79