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EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2022
EARNINGS PER COMMON SHARE [Abstract]  
Calculations of Earnings Per Common Share [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The calculations of earnings per common share for the years ended December 31,
 
2022, 2021, and 2020 are as follows:
Year
 
Ended December 31,
2022
2021
2020
(In thousands, except per share information)
Net income
 
$
305,072
$
281,025
$
102,273
Less: Preferred stock dividends
 
-
(2,453)
(2,676)
Less: Excess of redemption value over carrying value of Series A through E
 
 
Preferred Stock redeemed
-
(1,234)
-
Net income attributable to common stockholders
$
305,072
$
277,338
$
99,597
Weighted-Average
 
Shares:
 
Average common
 
shares outstanding
190,805
210,122
216,904
 
Average potential
 
dilutive common shares
 
1,163
1,178
764
 
Average common
 
shares outstanding - assuming dilution
191,968
211,300
217,668
Earnings per common share:
Basic
 
$
1.60
$
1.32
$
0.46
Diluted
 
$
1.59
$
1.31
$
0.46