Note 4 – Earnings Per Share
Basic earnings per share (EPS) are computed on the
basis of the weighted average number of shares outstanding during the period presented. Diluted EPS assumes the conversion of the Convertible
Preferred Stock $7.00 Series.
| | |
(In Thousands Except per Share Amounts) | |
| | |
Three Months Ended March 31, | |
| | |
2025 | | |
2024 | |
| Basic: | |
Income | | |
Shares | | |
Income | | |
Shares | |
| Net Income | |
$ | 9,479 | | |
| 17,890 | | |
$ | 10,682 | | |
| 17,819 | |
| Preferred Dividend | |
| (22 | ) | |
| | | |
| (30 | ) | |
| | |
| Earnings Applicable to Common Stock | |
$ | 9,457 | | |
| 17,890 | | |
$ | 10,652 | | |
| 17,819 | |
| | |
| | | |
| | | |
| | | |
| | |
| Basic EPS | |
$ | 0.53 | | |
| | | |
$ | 0.60 | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Diluted: | |
| | | |
| | | |
| | | |
| | |
| Earnings Applicable to Common Stock | |
$ | 9,457 | | |
| 17,890 | | |
$ | 10,652 | | |
| 17,819 | |
| $7.00 Series Preferred Dividend | |
| 10 | | |
| 61 | | |
| 17 | | |
| 115 | |
| Adjusted Earnings Applicable to Common Stock | |
$ | 9,467 | | |
| 17,951 | | |
$ | 10,669 | | |
| 17,934 | |
| | |
| | | |
| | | |
| | | |
| | |
| Diluted EPS | |
$ | 0.53 | | |
| | | |
$ | 0.59 | | |
| | |
|