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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per common share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

 

 

(In Thousands, except per share data)

 

Basic Earnings Per Share:

 

 

 

 

 

 

Net income available to common shareholders

 

$

26,357

 

 

$

40,996

 

Less: income allocated to participating securities

 

 

35

 

 

 

43

 

Net income allocated to common shareholders

 

 

26,322

 

 

 

40,953

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including
   participating securities

 

 

36,026

 

 

 

37,332

 

Less: Participating securities

 

 

48

 

 

 

39

 

Average common shares

 

 

35,978

 

 

 

37,293

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.73

 

 

$

1.10

 

Diluted Earnings Per Share:

 

 

 

 

 

 

Net income allocated to common shareholders

 

$

26,322

 

 

$

40,953

 

Weighted average common shares outstanding for basic earnings
   per common share

 

 

35,978

 

 

 

37,293

 

Add: Dilutive effects of stock options and restricted stock units

 

 

112

 

 

 

64

 

Average shares and dilutive potential common shares

 

 

36,090

 

 

 

37,357

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.73

 

 

$

1.10