Note 3 - Earnings Per Common Share

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021, respectively.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(In Thousands, Except Shares and Per Share Data)
Earnings per common share
Weighted average common shares outstanding		54,315,671		54,205,565		54,291,739		54,143,324
Net income available to common stockholders	$	64,031	$	52,499	$	183,749	$	153,950
Basic earnings per common share	$	1.18	$	0.97	$	3.38	$	2.84
Weighted average common shares outstanding		54,315,671		54,205,565		54,291,739		54,143,324
Dilutive effects of assumed exercise of stock options and vesting of performance shares		231,011		272,175		242,054		296,680
Weighted average common and dilutive potential common shares outstanding		54,546,682		54,477,740		54,533,793		54,440,004
Net income available to common stockholders	$	64,031	$	52,499	$	183,749	$	153,950
Diluted earnings per common share	$	1.17	$	0.96	$	3.37	$	2.83