Catalyst Bancorp, Inc. Earnings Per Share Disclosure
NOTE 2. EARNINGS (LOSS) PER SHARE
Earnings (loss) per common share was computed based on the following:
Year Ended December 31, | ||||||
(In thousands, except per share data) | 2025 | | 2024 | |||
Numerator |
| |
| | ||
Net income (loss) available to common shareholders | $ | 2,052 | $ | (3,089) | ||
Denominator |
| |
| | ||
Weighted average common shares outstanding |
| 4,164 |
| 4,486 | ||
Weighted average unallocated common stock held by benefit plans | (502) | (547) | ||||
Weighted average shares - basic | 3,662 | 3,939 | ||||
Effect of dilutive stock-based awards(1): | ||||||
Stock options | - | - | ||||
Restricted stock | 13 | - | ||||
Weighted average shares - assuming dilution | 3,675 | 3,939 | ||||
Basic earnings (loss) per common share | $ | 0.56 | $ | (0.78) | ||
Diluted earnings (loss) per common share | 0.56 | (0.78) | ||||
| (1) | The computation of diluted earnings (loss) per common share for the year ended December 31, 2024 does not include the impact of dilutive stock-based awards because to do so would be antidilutive for a period with a net loss. |
Diluted earnings per share was computed using the treasury stock method. The following table presents the weighted average of potentially dilutive common shares attributable to outstanding stock options and restricted stock that were anti-dilutive and excluded from the calculation of diluted earnings per share.
Year Ended December 31, | ||||||
(In thousands) | 2025 | | 2024 | |||
Weighted average of anti-dilutive stock-based awards: | ||||||
Stock options | 323 | 295 | ||||
Restricted stock | 2 | 16 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Mar 28, 2025 | |
| 2023 | Mar 28, 2024 | |
| 2022 | Mar 30, 2023 | |
| 2021 | Mar 29, 2022 | |
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.