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
9 Months Ended
Sep. 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 September 30,

   

Nine Months Ended September 30,

 
   

2021

   

2020

   

2021

   

2020

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

                               

Weighted average common shares outstanding

    54,205,565       53,893,753       54,143,324       53,817,928  

Net income available to common stockholders

  $ 52,499     $ 43,362     $ 153,950     $ 118,557  

Basic earnings per common share

  $ 0.97     $ 0.80     $ 2.84     $ 2.20  

Weighted average common shares outstanding

    54,205,565       53,893,753       54,143,324       53,817,928  

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

    272,175       339,212       296,680       380,494  

Weighted average common and dilutive potential common shares outstanding

    54,477,740       54,232,965       54,440,004       54,198,422  

Net income available to common stockholders

  $ 52,499     $ 43,362     $ 153,950     $ 118,557  

Diluted earnings per common share

  $ 0.96     $ 0.80     $ 2.83     $ 2.19