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EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
The calculation of earnings per common share for 2024, 2023 and 2022 is as follows:
Year Ended December 31,
202420232022
(In thousands, except per share data)
Income available to common shareholders$198,170 $181,872 $166,239 
Average common shares outstanding46,637 47,258 48,033 
Effect of dilutive securities:
Average potential common shares-options265 294 403 
Total weighted average common shares outstanding and equivalents$46,902 $47,552 $48,436 
Earnings per common share - basic$4.25 $3.85 $3.46 
Earnings per common share - diluted$4.23 $3.83 $3.44 

For 2024, 2023 and 2022 weighted-average restricted stock units with an anti-dilutive effect on earnings per share not included in the calculation amounted to 1,220, 8,695 and 1,279, respectively.
During 2024, OFG increased its quarterly common stock cash dividend to $0.25 per share from $0.22 per share at December 31, 2023.