CB Financial Services, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | 2024 | 2023 | |||||||||
| (Dollars in Thousands, Except Share and Per Share Data) | |||||||||||
| Net Income | $ | 12,594 | $ | 22,550 | |||||||
| Weighted-Average Basic Common Shares Outstanding | 5,134,092 | 5,113,978 | |||||||||
| Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock) | 168,430 | 8,938 | |||||||||
| Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding | 5,302,522 | 5,122,916 | |||||||||
| Earnings Per Share: | |||||||||||
| Basic | $ | 2.45 | $ | 4.41 | |||||||
| Diluted | 2.38 | 4.40 | |||||||||
| Year Ended December 31, | 2024 | 2023 | |||||||||
| Stock Options | 273,347 | 328,444 | |||||||||
| Restricted Stock | — | 49,447 | |||||||||
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.