Note 3 - Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

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. The difference in earnings per share under the two-class method was not significant for the three and six months ended June 30, 2022 and 2021, respectively.

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In Thousands, Except Shares and Per Share Data)
Earnings per common share
Weighted average common shares outstanding		54,295,789		54,173,034		54,279,574		54,112,190
Net income available to common stockholders	$	62,105	$	49,996	$	119,718	$	101,451
Basic earnings per common share	$	1.14	$	0.92	$	2.21	$	1.87
Weighted average common shares outstanding		54,295,789		54,173,034		54,279,574		54,112,190
Dilutive effects of assumed exercise of stock options and vesting of performance shares		236,596		287,196		247,668		309,137
Weighted average common and dilutive potential common shares outstanding		54,532,385		54,460,230		54,527,242		54,421,327
Net income available to common stockholders	$	62,105	$	49,996	$	119,718	$	101,451
Diluted earnings per common share	$	1.14	$	0.92	$	2.20	$	1.86