Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share

Schedule of computation of earnings per share

	Three Month Periods Ended September 30,
	2022					2021
			Weighted-	Per				Weighted-	Per
	Net		Average	Share		Net		Average	Share
	Income		Shares	Amount		Income		Shares	Amount
	(In thousands)					(In thousands)
Net income	$	58,488				$	58,503
Dividends on preferred stock		(5,729)					(5,729)
Net income allocated to common shareholders	$	52,759				$	52,774
Basic earnings per share(1)			43,107,975	$	1.22			43,176,296	$	1.22
Effect of dilutive securities-restricted stock awards(1)			150,950					138,459
Diluted earnings per share(1)			43,258,925	$	1.22			43,314,755	$	1.22

	Nine Month Periods Ended September 30,
	2022					2021
			Weighted-	Per				Weighted-	Per
	Net		Average	Share		Net		Average	Share
	Income		Shares	Amount		Income		Shares	Amount
	(In thousands)					(In thousands)
Net income	$	162,565				$	171,903
Dividends on preferred stock		(17,186)					(15,145)
Net income allocated to common shareholders	$	145,379				$	156,758
Basic earnings per share			43,182,380	$	3.37			43,169,618	$	3.63
Effect of dilutive securities-restricted stock awards			148,768					131,070
Diluted earnings per share			43,331,148	$	3.36			43,300,688	$	3.62

(1) The number of shares and per share amounts have been restated to reflect the 3-for-2 common stock split, effective on January 17, 2022.