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, 2020
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,

 
   

2020

   

2019

   

2020

   

2019

 
   

(In Thousands, Except Shares and Per Share Data)

 

Earnings per common share

                               

Weighted average common shares outstanding

    53,893,753       53,544,747       53,817,928       53,508,710  

Net income available to common stockholders

  $ 43,362     $ 37,563     $ 118,557     $ 108,175  

Basic earnings per common share

  $ 0.80     $ 0.70     $ 2.20     $ 2.02  
                                 

Weighted average common shares outstanding

    53,893,753       53,544,747       53,817,928       53,508,710  

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

    339,212       551,621       380,494       578,700  

Weighted average common and dilutive potential common shares outstanding

    54,232,965       54,096,368       54,198,422       54,087,410  

Net income available to common stockholders

  $ 43,362     $ 37,563     $ 118,557     $ 108,175  

Diluted earnings per common share

  $ 0.80     $ 0.69     $ 2.19     $ 2.00