Quarterly report [Sections 13 or 15(d)]

Note 12 - Earnings Per Share

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

12.

Earnings per Share

 ​

The amounts used in computing earnings per share and the weighted average common shares outstanding are as follows: 

 

   

Three Months Ended

   

Nine Months Ended

 
   

September 30,

   

September 30,

   

September 30,

   

September 30,

 
   

2025

   

2024

   

2025

   

2024

 

Basic earnings per common share

                               

Net income

  $ 7,960     $ 32,258     $ 34,062     $ 48,244  

Less: Distributed and undistributed earnings allocated to nonvested shares

    179       672       776       882  

Net income allocated to common shareholders

  $ 7,781     $ 31,586     $ 33,286     $ 47,362  

Weighted average common shares outstanding

    23,040,878       23,094,047       23,097,566       23,065,924  
    $ 0.34     $ 1.37     $ 1.44     $ 2.05  
                                 

Diluted earnings per common share

                               

Net income allocated to common shareholders - basic

  $ 7,781     $ 31,586     $ 33,286     $ 47,362  

Add: Undistributed earnings allocated to nonvested shareholders

    23       519       299       479  

Net income allocated to common shareholders - diluted

  $ 7,804     $ 32,105     $ 33,585     $ 47,841  

Weighted average common shares outstanding - basic

    23,040,878       23,094,047       23,097,566       23,065,924  

Dilutive effect of participating securities

    529,829       483,836       537,973       410,115  

Weighted average common shares outstanding - diluted

    23,570,707       23,577,883       23,635,539       23,476,039  
    $ 0.33     $ 1.36     $ 1.42     $ 2.04