Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Earnings Per Common Share

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Note 3 - Earnings Per Common Share
3 Months Ended
Mar. 31, 2020
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.

 

   

Three Months Ended March 31,

 
   

2020

   

2019

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

               

Weighted average common shares outstanding

    53,704,224       53,465,091  

Net income available to common stockholders

  $ 34,778     $ 35,010  

Basic earnings per common share

  $ 0.65     $ 0.65  
                 

Weighted average common shares outstanding

    53,704,224       53,465,091  

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

    463,190       611,447  

Weighted average common and dilutive potential common shares outstanding

    54,167,414       54,076,538  

Net income available to common stockholders

  $ 34,778     $ 35,010  

Diluted earnings per common share

  $ 0.64     $ 0.65