Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Earnings Per Common Share

v3.19.3
Note 3 - Earnings Per Common Share
9 Months Ended
Sep. 30, 2019
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.

 

   

Three Months Ended September 30,

   

Nine Months Ended September 30,

 
   

2019

   

2018

   

2019

   

2018

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

                               

Weighted average common shares outstanding

    53,544,747       53,171,144       53,508,710       53,134,861  

Net income available to common stockholders

  $ 37,563     $ 34,560     $ 108,175     $ 100,672  

Basic earnings per common share

  $ 0.70     $ 0.65     $ 2.02     $ 1.89  
                                 

Weighted average common shares outstanding

    53,544,747       53,171,144       53,508,710       53,134,861  

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

    551,621       1,020,078       578,700       1,055,383  

Weighted average common and dilutive potential common shares outstanding

    54,096,368       54,191,222       54,087,410       54,190,244  

Net income available to common stockholders

  $ 37,563     $ 34,560     $ 108,175     $ 100,672  

Diluted earnings per common share

  $ 0.69     $ 0.64     $ 2.00     $ 1.86