Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Earnings Per Share (Tables)

v3.24.3
Note 12 - Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   

Three Months Ended

   

Nine Months Ended

 
   

September 30,

   

September 30,

   

September 30,

   

September 30,

 
   

2024

   

2023

   

2024

   

2023

 

Basic earnings per common share

                               

Net income

  $ 32,258     $ 5,792     $ 48,244     $ 16,646  

Less: Distributed and undistributed earnings allocated to nonvested shares

    672       128       882       368  

Net income allocated to common shareholders

  $ 31,586     $ 5,664     $ 47,362     $ 16,278  

Weighted average common shares outstanding

    23,094,047       22,983,965       23,065,924       22,955,388  
    $ 1.37     $ 0.25     $ 2.05     $ 0.71  
                                 

Diluted earnings per common share

                               

Net income allocated to common shareholders - basic

  $ 31,586     $ 5,664     $ 47,362     $ 16,278  

Add: Undistributed earnings allocated to nonvested shareholders

    519       -       479       -  

Net income allocated to common shareholders - diluted

  $ 32,105     $ 5,664     $ 47,841     $ 16,278  

Weighted average common shares outstanding - basic

    23,094,047       22,983,965       23,065,924       22,955,388  

Dilutive effect of participating securities

    483,836       -       410,115       -  

Weighted average common shares outstanding - diluted

    23,577,883       22,983,965       23,476,039       22,955,388  
    $ 1.36     $ 0.24     $ 2.04     $ 0.69