Earnings Per Share

12 Months Ended

Dec. 31, 2024

Note 2 - Earnings Per Share

Basic earnings per share are computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share are based on the weighted-average number of common shares outstanding during each period, plus common share equivalents, calculated for share-based awards outstanding using the treasury stock method.

In 2024, 2023 and 2022, options to purchase shares of the Company's common stock totaling 327,186, 344,230 and 1,505, respectively, were antidilutive.


	For the Year Ended December 31,
(In thousands, except per share data)	2024		2023		2022
Basic earnings per share
Net Income	$	120,986	$	104,033	$	106,507
Average common shares outstanding	84,367		83,800		63,707
Net income per share	$	1.43	$	1.24	$	1.67
Diluted earnings per share
Net Income	$	120,986	$	104,033	$	106,507

Average common shares outstanding	84,367		83,800		63,707
Add: Dilutive effect of employee restricted stock and stock options	673		529		557
Average diluted shares outstanding	85,040		84,329		64,264
Net income per share	$	1.42	$	1.23	$	1.66