| Earnings Per Share [Text Block] |
NOTE 3 - EARNINGS PER COMMON SHARE
Basic earnings per common share are computed by dividing net income 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. The difference in earnings per share under the two-class method was not significant for both the three and six month periods ended June 30, 2024 and 2023.
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Three Months Ended June 30,
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Six Months Ended June 30,
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2024
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2023
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2024
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2023
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(In Thousands, Except Shares and Per Share Data)
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Earnings per common share
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Weighted average common shares outstanding
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54,516,638 |
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54,411,016 |
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54,503,829 |
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54,385,775 |
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Net income available to common stockholders
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$ |
52,105 |
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$ |
53,437 |
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$ |
102,131 |
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$ |
111,408 |
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Basic earnings per common share
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$ |
0.96 |
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$ |
0.98 |
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$ |
1.87 |
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$ |
2.05 |
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Weighted average common shares outstanding
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54,516,638 |
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54,411,016 |
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54,503,829 |
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54,385,775 |
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Dilutive effects of assumed exercise of stock options and vesting of performance shares
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92,041 |
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109,214 |
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98,203 |
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141,542 |
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Weighted average common and dilutive potential common shares outstanding
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54,608,679 |
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54,520,230 |
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54,602,032 |
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54,527,317 |
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Net income available to common stockholders
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$ |
52,105 |
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$ |
53,437 |
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$ |
102,131 |
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$ |
111,408 |
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Diluted earnings per common share
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$ |
0.95 |
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$ |
0.98 |
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$ |
1.87 |
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$ |
2.04 |
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