Quarterly report [Sections 13 or 15(d)]

Note 3 - Earnings Per Common Share

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Note 3 - Earnings Per Common Share
9 Months Ended
Sep. 30, 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 both the three and nine month periods ended September 30, 2025 and 2024.

 

   

Three Months Ended September 30,

   

Nine Months Ended September 30,

 
   

2025

   

2024

   

2025

   

2024

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

                               

Weighted average common shares outstanding

    54,619,175       54,549,664       54,605,442       54,518,996  

Net income available to common stockholders

  $ 65,571     $ 59,907     $ 190,188     $ 162,038  

Basic earnings per common share

  $ 1.20     $ 1.10     $ 3.48     $ 2.97  
                                 

Weighted average common shares outstanding

    54,619,175       54,549,664       54,605,442       54,518,996  

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

    48,780       92,918       57,621       96,651  

Weighted average common and dilutive potential common shares outstanding

    54,667,955       54,642,582       54,663,063       54,615,647  

Net income available to common stockholders

  $ 65,571     $ 59,907     $ 190,188     $ 162,038  

Diluted earnings per common share

  $ 1.20     $ 1.10     $ 3.48     $ 2.97