Esquire Financial Holdings, Inc. Earnings Per Share Disclosure
NOTE 10 — Earnings per Share
The factors used in the earnings per share computation follow:
Years Ended December 31, | ||||||||
2025 | | 2024 | | 2023 | ||||
Basic: | ||||||||
Net income | $ | 50,822 | $ | 43,658 | $ | 41,011 | ||
Weighted average shares outstanding | 8,061,589 | 7,817,626 | 7,716,367 | |||||
Basic earnings per share | $ | 6.30 | $ | 5.58 | $ | 5.31 | ||
Diluted: | ||||||||
Net income | $ | 50,822 | $ | 43,658 | $ | 41,011 | ||
Weighted average shares outstanding for basic earnings per share | 8,061,589 | 7,817,626 | 7,716,367 | |||||
Add: Dilutive effects of share based awards | 600,630 | 669,415 | 629,219 | |||||
Weighted average shares and dilutive potential shares | 8,662,219 | 8,487,041 | 8,345,586 | |||||
Diluted earnings per share | $ | 5.87 | $ | 5.14 | $ | 4.91 | ||
Share based awards totaling 72,597, 74,050 and 96,450 shares of stock were not considered in computing diluted earnings per share for 2025, 2024 and 2023, respectively, because they were anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 29, 2024 | |
| 2022 | Mar 27, 2023 | |
| 2021 | Mar 11, 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.