Palomar Holdings, Inc. Earnings Per Share Disclosure
18. Earnings Per Share
The following table sets out earnings per share of common stock:
|
|
Year ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
|
|
(in thousands, except shares and per share data) |
|
|||||||||
Net income |
|
$ |
197,070 |
|
|
$ |
117,573 |
|
|
$ |
79,201 |
|
Weighted average common shares outstanding: |
|
|
|
|
|
|
|
|
|
|||
Basic |
|
|
26,639,733 |
|
|
|
25,520,343 |
|
|
|
24,822,004 |
|
Common Share equivalents |
|
|
845,517 |
|
|
|
703,499 |
|
|
|
505,087 |
|
Diluted |
|
|
27,485,250 |
|
|
|
26,223,842 |
|
|
|
25,327,091 |
|
|
|
|
|
|
|
|
|
|
|
|||
Earnings per share: |
|
|
|
|
|
|
|
|
|
|||
Basic |
|
$ |
7.40 |
|
|
$ |
4.61 |
|
|
$ |
3.19 |
|
Diluted |
|
$ |
7.17 |
|
|
$ |
4.48 |
|
|
$ |
3.13 |
|
Common share equivalents relate primarily to outstanding stock options, RSUs and PSUs under the 2019 Plan and unpurchased shares under the 2019 ESPP and are calculated using the treasury stock method.
Want the next Palomar Holdings, Inc. earnings per share disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment Palomar Holdings, Inc.'s next filing hits EDGAR. No credit card, your email never gets sold.
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.