XML 55 R45.htm IDEA: XBRL DOCUMENT v3.22.2
EARNINGS PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Common Share
The calculation of earnings per common share for the quarters and six-month periods ended June 30, 2022 and 2021 is as follows:
Quarter Ended June 30,Six-Month Period Ended June 30,
2022202120222021
(In thousands, except per share data)
Net income$40,432 $40,827 $77,953 $71,200 
Less: Dividends on preferred stock
Non-convertible preferred stock (Series A, B, and D)— — — (1,255)
Income available to common shareholders$40,432 $40,827 $77,953 $69,945 
Average common shares outstanding48,053 51,636 48,508 51,517 
Effect of dilutive securities:
Average potential common shares-options336 412 425 368 
Total weighted average common shares outstanding and equivalents48,389 52,048 48,933 51,885 
Earnings per common share - basic$0.84 $0.79 $1.61 $1.36 
Earnings per common share - diluted$0.84 $0.78 $1.59 $1.35