Note 3 - Earnings Per Common Share

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023.

	Three Months Ended March 31,
	2024		2023
	(In Thousands, Except Shares and Per Share Data)
Earnings per common share
Weighted average common shares outstanding		54,491,019		54,360,253
Net income available to common stockholders	$	50,026	$	57,971
Basic earnings per common share	$	0.92	$	1.07
Weighted average common shares outstanding		54,491,019		54,360,253
Dilutive effects of assumed conversions and exercise of stock options and warrants		104,365		174,229
Weighted average common and dilutive potential common shares outstanding		54,595,384		54,542,899
Net income available to common stockholders	$	50,026	$	57,971
Diluted earnings per common share	$	0.92	$	1.06