AUBURN NATIONAL BANCORPORATION, INCAUBN

AUBURN NATIONAL BANCORPORATION, INC Earnings Per Share Disclosure

10-KFiled Mar 17, 20261 min read
NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE
Basic net earnings per share is computed by dividing net earnings by
the weighted average common shares outstanding for
the year.
Diluted net earnings per share reflects the potential dilution that could occur upon exercise
of securities or other
rights for, or convertible into, shares of the
Company’s common stock.
During 2025, the Company granted 3,030 restricted
stock units (“RSUs”), which represent potential common shares.
These RSUs are included in the computation of diluted
net earnings per share using the treasury stock method.
No such securities were outstanding during the year ended
December 31, 2024.
The basic and diluted net earnings per share computations for the respective
years are presented below.
Year ended December 31
(Dollars in thousands, except share and per share data)
2025
2024
Basic:
Net earnings
$
7,255
$
6,397
Weighted average
common shares outstanding
3,493,699
3,493,690
Basic net earnings per share
$
2.08
$
1.83
Diluted:
Net earnings
$
7,255
$
6,397
Weighted average
common shares outstanding
3,493,699
3,493,690
Dilutive effect of restricted stock units
1,337
—
Weighted average
common shares outstanding, diluted
3,495,036
3,493,690
Diluted net earnings per share
$
2.08
$
1.83

Historical Timeline

Fiscal YearFiled
2025Mar 17, 2026Showing above
2024Mar 11, 2025
2023Mar 14, 2024
2022Mar 17, 2023
2021Mar 8, 2022
2020Mar 9, 2021
2019Mar 6, 2020
2018Mar 12, 2019
2017Mar 13, 2018
2016Mar 3, 2017
2015Mar 10, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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