For the three months ended

For the six months ended

June 30,

2021

2020

2021

2020

(In thousands, except per share data)

Net income

$

19,258

$

18,272

$

38,297

$

16,882

Divided by:

Total weighted average common shares outstanding and common stock equivalents

31,677

28,867

31,641

28,860

Basic earnings per common share

$

0.61

$

0.63

$

1.21

$

0.58

Diluted earnings per common share ⁽¹⁾

$

0.61

$

0.63

$

1.21

$

0.58

Dividend payout ratio

34.4

%

33.3

%

34.7

%

72.4

%