EARNINGS PER SHARE
Basic earnings per common share data is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method.

The following table presents a summary of per common share data and amounts for the periods indicated:
 Year ended December 31,
(in thousands, except per share data)202520242023
Net income available to common stockholders$197,624 $181,516 $190,309 
Weighted average common shares outstanding36,987 37,357 37,370 
Additional dilutive common stock equivalents252 210 137 
Weighted average diluted common shares outstanding37,239 37,567 37,507 
Basic earnings per common share$5.34 $4.86 $5.09 
Diluted earnings per common share$5.31 $4.83 $5.07 

For 2025, 2024, and 2023, common stock equivalents of approximately 242,000, 434,000 and 419,000, respectively, were excluded from the earnings per share calculation because their effect would have been anti-dilutive.
Free Sentinel

Want the next ENTERPRISE FINANCIAL SERVICES CORP earnings per share disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment ENTERPRISE FINANCIAL SERVICES CORP's next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

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.