California BanCorp \ CA Earnings Per Share Disclosure
| (dollars in thousands, except share and per share data) | 2025 | 2024 | ||||||||||||
| Net income | $ | 63,058 | $ | 5,433 | ||||||||||
| Weighted average common shares outstanding - basic | 32,391,016 | 24,247,064 | ||||||||||||
| Dilutive effect of outstanding: | ||||||||||||||
Stock options and unvested stock grants(1) | 355,094 | 376,333 | ||||||||||||
| Weighted average common shares outstanding - diluted | 32,746,110 | 24,623,397 | ||||||||||||
| Earnings per common share - basic | $ | 1.95 | $ | 0.22 | ||||||||||
| Earnings per common share - diluted | $ | 1.93 | $ | 0.22 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Apr 1, 2025 | |
| 2023 | Mar 15, 2024 | |
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.