Burke & Herbert Financial Services Corp. Earnings Per Share Disclosure
| December 31, 2025 | December 31, 2024 | December 31, 2023 | |||||||||||||||
Net income applicable to common shares (in thousands) | $ | 116,406 | $ | 35,033 | $ | 22,692 | |||||||||||
| Weighted average number of shares | 15,006,614 | 12,393,677 | 7,428,042 | ||||||||||||||
| Options effect of dilutive shares | 67,245 | 48,154 | 78,813 | ||||||||||||||
| Weighted average dilutive shares | 15,073,859 | 12,441,831 | 7,506,855 | ||||||||||||||
Basic earnings per common share | $ | 7.76 | $ | 2.83 | $ | 3.05 | |||||||||||
Diluted earnings per common share | 7.72 | 2.82 | 3.02 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 22, 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.