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