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Earnings Per Share ("EPS")
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share ("EPS") EARNINGS PER SHARE (“EPS”)
 
Basic EPS is computed by dividing reported net income available to common stockholders by the 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
June 30,
Six Months Ended
June 30,
(In thousands, except per share data)2025202420252024
Net income available to common stockholders$54,773 $40,763 $87,161 $79,634 
Average common shares outstanding125,962 125,469 125,882 125,404 
Average potential dilutive common shares444 289 444 289 
Average diluted common shares126,406 125,758 126,326 125,693 
Basic earnings per share$0.43 $0.32 $0.69 $0.64 
Diluted earnings per share$0.43 $0.32 $0.69 $0.63 

There were 317,660 stock options excluded from the three and six months ended June 30, 2025 earnings per share calculation due to the related stock option exercise price exceeding the average market price of the Company’s stock during the period. There were 410,490 stock options excluded from the earnings per share calculation for the three and six months ended June 30, 2024 due to the related stock option exercise price exceeding the average market price of the Company’s stock during the period.