Northfield Bancorp, Inc. Earnings Per Share Disclosure
| December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| Net income available to common stockholders | $ | 29,945 | $ | 37,669 | $ | 61,119 | |||||||||||
| Weighted average shares outstanding-basic | 41,567,370 | 43,560,844 | 46,234,122 | ||||||||||||||
| Effect of non-vested restricted stock and stock options outstanding | 61,290 | 77,772 | 203,997 | ||||||||||||||
| Weighted average shares outstanding-diluted | 41,628,660 | 43,638,616 | 46,438,119 | ||||||||||||||
| Earnings per share-basic | $ | 0.72 | $ | 0.86 | $ | 1.32 | |||||||||||
| Earnings per share-diluted | $ | 0.72 | $ | 0.86 | $ | 1.32 | |||||||||||
| Anti-dilutive shares | 1,297,495 | 1,542,194 | 756,765 | ||||||||||||||
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.