Ellington Credit Co Earnings Per Share Disclosure
| Three-Month Period Ended | Year Ended | |||||||||||||||||||||||||
| March 31, 2025 | 3/31/2024 | December 31 2024 | December 31 2023 | |||||||||||||||||||||||
| (In thousands except for share amounts) | (Unaudited) | |||||||||||||||||||||||||
| Numerator: | ||||||||||||||||||||||||||
| Net income (loss) | $ | (7,870) | $ | 3,961 | $ | 6,586 | $ | 4,559 | ||||||||||||||||||
| Denominator: | ||||||||||||||||||||||||||
| Basic and diluted weighted average common shares outstanding | 34,811,555 | 19,548,408 | 23,576,696 | 14,875,314 | ||||||||||||||||||||||
| Basic and diluted earnings per share | $ | (0.23) | $ | 0.20 | $ | 0.28 | $ | 0.31 | ||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 23, 2025 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Mar 12, 2024 | |
| 2022 | Mar 10, 2023 | |
| 2021 | Mar 11, 2022 | |
| 2020 | Mar 16, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 8, 2019 | |
| 2017 | Mar 14, 2018 | |
| 2016 | Mar 13, 2017 | |
| 2015 | Mar 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.