CF BANKSHARES INC. Earnings Per Share Disclosure
NOTE 20 – EARNINGS PER COMMON SHARE
The following table sets forth the computation of basic and diluted earnings per share:
|
|
Year Ended |
|
|||||||||
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
|||
Basic |
|
|
|
|
|
|
|
|
|
|||
Net income |
|
$ |
17,541 |
|
|
$ |
13,387 |
|
|
$ |
16,937 |
|
Earnings allocated to participating securities |
|
|
(540 |
) |
|
|
(361 |
) |
|
|
— |
|
Net income allocated to common shareholders |
|
$ |
17,001 |
|
|
$ |
13,026 |
|
|
$ |
16,937 |
|
|
|
|
|
|
|
|
|
|
|
|||
Weighted average common shares outstanding including |
|
|
6,437,678 |
|
|
|
6,393,124 |
|
|
|
6,547,283 |
|
Less: Unvested share-based payment awards-2019 Plan |
|
|
(147,606 |
) |
|
|
(118,553 |
) |
|
|
(126,195 |
) |
Average shares |
|
|
6,290,072 |
|
|
|
6,274,571 |
|
|
|
6,421,088 |
|
Basic earnings per common share |
|
$ |
2.70 |
|
|
$ |
2.08 |
|
|
$ |
2.64 |
|
|
|
|
|
|
|
|
|
|
|
|||
Diluted |
|
|
|
|
|
|
|
|
|
|||
Net income allocated to common shareholders |
|
$ |
17,001 |
|
|
$ |
13,026 |
|
|
$ |
16,937 |
|
|
|
|
|
|
|
|
|
|
|
|||
Weighted average common shares outstanding for basic |
|
|
6,290,072 |
|
|
|
6,274,571 |
|
|
|
6,421,088 |
|
Add: Dilutive effects of assumed exercises of stock |
|
|
— |
|
|
|
— |
|
|
|
3,353 |
|
Add: Dilutive effects of unvested share-based payment |
|
|
41,727 |
|
|
|
34,421 |
|
|
|
23,006 |
|
Average shares and dilutive potential common shares |
|
|
6,331,799 |
|
|
|
6,308,992 |
|
|
|
6,447,447 |
|
Diluted earnings per common share |
|
$ |
2.69 |
|
|
$ |
2.06 |
|
|
$ |
2.63 |
|
There were no anti-dilutive securities during the years ended December 31, 2025, 2024 and 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
| 2023 | Mar 29, 2024 | |
| 2022 | Mar 31, 2023 | |
| 2021 | Mar 16, 2022 | |
| 2020 | Mar 23, 2021 | |
| 2019 | Mar 16, 2020 | |
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.