UNITED SECURITY BANCSHARES Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||
| (In thousands, except share and per share data) | 2024 | 2023 | ||||||||||||
| Net income available to common shareholders | $ | 14,783 | $ | 19,796 | ||||||||||
| Weighted average shares outstanding | 17,188,384 | 17,114,214 | ||||||||||||
| Add: dilutive effect of stock options and unvested restricted stock | 11,433 | 10,972 | ||||||||||||
| Weighted average shares outstanding adjusted for potential dilution | 17,199,817 | 17,125,186 | ||||||||||||
| Basic earnings per share | $ | 0.86 | $ | 1.16 | ||||||||||
| Diluted earnings per share | $ | 0.86 | $ | 1.16 | ||||||||||
| Weighted average anti-dilutive shares excluded from earnings per share calculation | 97,000 | 91,000 | ||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 20, 2025 | Showing above |
| 2020 | Mar 5, 2021 | |
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.