Quarterly report [Sections 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, 2025
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. The difference in earnings per share under the two-class method was not significant for the three month periods ended March 31, 2025 and 2024.

 

   

Three Months Ended March 31,

 
   

2025

   

2024

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

               

Weighted average common shares outstanding

    54,586,274       54,491,019  

Net income available to common stockholders

  $ 63,224     $ 50,026  

Basic earnings per common share

  $ 1.16     $ 0.92  
                 

Weighted average common shares outstanding

    54,586,274       54,491,019  

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

    70,356       104,365  

Weighted average common and dilutive potential common shares outstanding

    54,656,630       54,595,384  

Net income available to common stockholders

  $ 63,224     $ 50,026  

Diluted earnings per common share

  $ 1.16     $ 0.92