Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Earnings Per Common Share

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Note 3 - Earnings Per Common Share
6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 3 - EARNINGS PER COMMON SHARE

 

Basic earnings per common share are computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options.

 

   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2021

   

2020

   

2021

   

2020

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

                               

Weighted average common shares outstanding

    54,173,034       53,854,973       54,112,190       53,779,599  

Net income available to common stockholders

  $ 49,996     $ 40,417     $ 101,451     $ 75,195  

Basic earnings per common share

  $ 0.92     $ 0.75     $ 1.87     $ 1.40  
                                 

Weighted average common shares outstanding

    54,173,034       53,854,973       54,112,190       53,779,599  

Dilutive effects of assumed conversions and exercise of stock options and warrants

    287,196       339,533       309,137       401,361  

Weighted average common and dilutive potential common shares outstanding

    54,460,230       54,194,506       54,421,327       54,180,960  

Net income available to common stockholders

  $ 49,996     $ 40,417     $ 101,451     $ 75,195  

Diluted earnings per common share

  $ 0.92     $ 0.75     $ 1.86     $ 1.39