FB Bancorp, Inc. /MD/ Earnings Per Share Disclosure
Earnings (Loss) per share is calculated by dividing consolidated net income or loss (numerator) by the weighted-average common shares (denominator).
The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the years ended December 31, 2025 and 2024. The Company converted from the mutual form of organization to the stock form of organization on October 22, 2024.
Denominator: |
|
Year Ended |
|
|
Year Ended |
|
||
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
||
Weighted-average common shares outstanding |
|
|
19,697,715 |
|
|
|
3,848,258 |
|
Less: Average unearned ESOP shares |
|
|
(1,499,563 |
) |
|
|
(286,364 |
) |
Weighted-average common shares and common |
|
|
18,198,152 |
|
|
|
3,561,894 |
|
Basic and diluted earnings (loss) per common share: |
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|
|
|
|
|
||
Continuing operations |
|
$ |
0.22 |
|
|
$ |
0.42 |
|
Discontinued operations |
|
|
(0.15 |
) |
|
|
(2.16 |
) |
Total earnings (loss) per share - basic and diluted |
|
$ |
0.07 |
|
|
$ |
(1.74 |
) |
|
|
|
|
|
|
|
||
The Company had no dilutive securities during the periods presented. Outstanding stock options and restricted stock grants were anti-dilutive at December 31, 2025, and therefore excluded from calculation. There were no potentially dilutive common shares at December 31, 2024.
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.