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
6 Months Ended
Jun. 30, 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 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 June 30,

   

Six Months Ended June 30,

 
   

2020

   

2019

   

2020

   

2019

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

                               

Weighted average common shares outstanding

    53,854,973       53,515,418       53,779,599       53,490,393  

Net income available to common stockholders

  $ 40,417     $ 35,602     $ 75,195     $ 70,612  

Basic earnings per common share

  $ 0.75     $ 0.67     $ 1.40     $ 1.32  
                                 

Weighted average common shares outstanding

    53,854,973       53,515,418       53,779,599       53,490,393  

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

    339,533       573,689       401,361       592,464  

Weighted average common and dilutive potential common shares outstanding

    54,194,506       54,089,107       54,180,960       54,082,857  

Net income available to common stockholders

  $ 40,417     $ 35,602     $ 75,195     $ 70,612  

Diluted earnings per common share

  $ 0.75     $ 0.66     $ 1.39     $ 1.31