Earnings Per Share

3 Months Ended

Mar. 31, 2026

Note 2: Earnings Per Share

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted number of common shares outstanding during the period and the number of common shares that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period.


	Three Months Ended March 31,
(In thousands except per share data)	2026		2025
Net income available to common shareholders	$	26,228	$	21,969

Weighted average common shares outstanding		11,478		11,477
Diluted effect of stock-based awards		94		82
Diluted common shares		11,572		11,559

Basic earnings per common share	$	2.29	$	1.91
Diluted earnings per common share	$	2.27	$	1.90