Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 2022

EARNINGS PER SHARE (“EPS”)

Basic EPS is computed by dividing reported net income available to common stockholders by weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common stockholders by the weighted average common shares and all potential dilutive common shares outstanding during the period.

The computation of earnings per share is as follows:


	Three Months Ended March 31,
(In thousands, except per share data)	2022		2021
Net income available to common stockholders	$	65,095	$	67,407

Average common shares outstanding	112,439		108,210
Average potential dilutive common shares	588		445
Average diluted common shares	113,027		108,655

Basic earnings per share	$	0.58	$	0.62
Diluted earnings per share	$	0.58	$	0.62

There were no stock options excluded from the earnings per share calculation for the three months ended March 31, 2022 and 2021 due to the average market price exceeding the related stock option exercise price.