PCB BANCORP Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
($ in thousands, except per share) | 2025 | 2024 | 2023 | |||||||||||||||||
Basic earnings per share: | ||||||||||||||||||||
| Net income available to common shareholders | $ | 37,153 | $ | 24,976 | $ | 30,705 | ||||||||||||||
| Less: income allocated to unvested restricted stock | (296) | (47) | (95) | |||||||||||||||||
| Net income allocated to common stock | $ | 36,857 | $ | 24,929 | $ | 30,610 | ||||||||||||||
| Weighted-average total common shares outstanding | 14,318,428 | 14,269,017 | 14,345,860 | |||||||||||||||||
| Less: weighted-average unvested restricted stock | (113,960) | (26,960) | (44,169) | |||||||||||||||||
| Weighted-average common shares outstanding, basic | 14,204,468 | 14,242,057 | 14,301,691 | |||||||||||||||||
| Basic earnings per share | $ | 2.59 | $ | 1.75 | $ | 2.14 | ||||||||||||||
Diluted earnings per share: | ||||||||||||||||||||
| Net income allocated to common stock | $ | 36,857 | $ | 24,929 | $ | 30,610 | ||||||||||||||
| Weighted-average commons shares outstanding | 14,204,468 | 14,242,057 | 14,301,691 | |||||||||||||||||
| Diluted effect of stock options | 74,662 | 100,304 | 116,247 | |||||||||||||||||
| Diluted weighted-average common shares outstanding | 14,279,130 | 14,342,361 | 14,417,938 | |||||||||||||||||
| Diluted earnings per share | $ | 2.58 | $ | 1.74 | $ | 2.12 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
| 2023 | Mar 12, 2024 | |
| 2022 | Mar 9, 2023 | |
| 2021 | Mar 4, 2022 | |
| 2020 | Mar 11, 2021 | |
| 2019 | Mar 9, 2020 | |
| 2018 | Mar 18, 2019 | |
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.