EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2022

The calculation of earnings per common share for the quarters and nine-month periods ended September 30, 2022 and 2021 is as follows:


	Quarter Ended September 30,				Nine-Month Period Ended September 30,
	2022		2021		2022		2021
	(In thousands, except per share data)
Net income	$	41,919	$	41,671	$	119,872	$	112,871
Less: Dividends on preferred stock
Non-convertible preferred stock (Series A, B, and D)	—		—		—		(1,255)

Income available to common shareholders	$	41,919	$	41,671	$	119,872	$	111,616



Average common shares outstanding	47,558		51,063		48,188		51,364
Effect of dilutive securities:
Average potential common shares-options	368		453		406		384

Total weighted average common shares outstanding and equivalents	47,926		51,516		48,594		51,748
Earnings per common share - basic	$	0.88	$	0.82	$	2.49	$	2.18
Earnings per common share - diluted	$	0.87	$	0.81	$	2.47	$	2.15