Net Income Per Common Share

9 Months Ended

Sep. 30, 2020

The reconciliation of the numerator and denominator of the income per common share is as follows:



	Three months ended September 30,				Nine months ended September 30,
(Dollar amounts in thousands, except per share information)	2020		2019		2020		2019
Net income attributable to EVERTEC, Inc.’s common stockholders	$	34,463	$	24,754	$	72,158	$	78,456
Less: non-forfeitable dividends on restricted stock	—		2		—		2
Net income available to EVERTEC, Inc.’s common shareholders	$	34,463	$	24,752	$	72,158	$	78,454
Weighted average common shares outstanding	71,886,439		71,942,403		71,921,069		72,148,312
Weighted average potential dilutive common shares ⁽¹⁾	1,115,341		1,372,301		1,128,748		1,382,553
Weighted average common shares outstanding - assuming dilution	73,001,780		73,314,704		73,049,817		73,530,865
Net income per common share - basic	$	0.48	$	0.34	$	1.00	$	1.09
Net income per common share - diluted	$	0.47	$	0.34	$	0.99	$	1.07


(1)	Potential common shares consist of common stock issuable under the assumed release of restricted stock awards using the treasury stock method.

On February 20, 2020, April 21, 2020, and July 24, 2020, the Company's Board declared quarterly cash dividends of $0.05 per share of common stock, which were paid on April 3, 2020, June 5, 2020 and September 4, 2020, respectively, to stockholders of record as of the close of business on March 4, 2020, May 4, 2020 and August 3, 2020, respectively.