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Note 12 - Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Earnings Per Share:

 

The computation of basic and diluted earnings per share is shown in the following table:

 

  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2025

  

2024

  

2025

  

2024

 

Basic EPS

                

Net income (In thousands of dollars)

 $12,461  $8,535  $39,949  $31,558 

Weighted average shares outstanding

  37,467,634   37,352,872   37,430,415   37,319,035 

Basic earnings per share

 $0.33  $0.23  $1.07  $0.85 
                 

Diluted EPS

                

Net income (In thousands of dollars)

 $12,461  $8,535  $39,949  $31,558 

Weighted average shares outstanding for basic earnings per share

  37,467,634   37,352,872   37,430,415   37,319,035 

Dilutive effect of restricted stock awards

  209,490   214,083   195,684   175,503 

Weighted average shares for diluted earnings per share

  37,677,124   37,566,955   37,626,099   37,494,538 

Diluted earnings per share

 $0.33  $0.23  $1.06  $0.84 

 

There were no restricted stock awards that were considered anti-dilutive for the three month period ended September 30, 2025 and 125,698 restricted stock awards that were considered anti-dilutive for the nine month periods ended September 30, 2025, respectively. There were no restricted stock awards that were considered anti-dilutive for the three month period ended September 30, 2024 and 167,178 restricted stock awards that were considered anti-dilutive for the nine month period ended September 30, 2024.