EARNINGS PER SHARE
 
The following table presents earnings per share for the years ended December 31, 2025 and 2024:
 20252024
(dollars in thousands, except per share amounts)  
Numerator  
Net income available to common stockholders$28,253 $23,868 
Denominator
Weighted average number of common shares outstanding for basic earnings per common share17,789,688 17,557,743 
Weighted average number of common shares outstanding for diluted earnings per common share17,789,688 17,557,743 
Earnings per share - basic$1.59 $1.36 
Earnings per share - diluted$1.59 $1.36 

Historical Timeline

Fiscal YearFiled
2025Mar 13, 2026Showing above
2024Mar 14, 2025
2023Mar 14, 2024
2022Mar 16, 2023
2021Mar 18, 2022
2020Mar 23, 2021
2019Mar 30, 2020
2018Mar 15, 2019
2017Mar 15, 2018
2016Mar 10, 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.