USCB FINANCIAL HOLDINGS, INC.USCB

USCB FINANCIAL HOLDINGS, INC. Earnings Per Share Disclosure

10-KFiled Mar 14, 20252 min read
14.
 
EARNINGS PER SHARE
Earnings
 
per
 
share
 
(“EPS”)
 
for
 
common
 
stock
 
is
 
calculated
 
using
 
the
 
two-class
 
method
 
required
 
for
 
participating
securities. Basic EPS
 
is calculated by
 
dividing net income
 
(loss) available to
 
common stockholders by the
 
weighted-average
number of common shares outstanding for
 
the period, without consideration for common
 
stock equivalents. Diluted EPS is
computed by
 
dividing net
 
income (loss)
 
available to
 
common stockholders
 
by the
 
weighted-average
 
number
 
of common
shares outstanding for
 
the period and
 
the weighted-average number
 
of dilutive common
 
stock equivalents outstanding
 
for
the period determined using the treasury-stock method. For
 
purposes of this calculation, common stock equivalents
 
include
common stock options and are only included in the calculation
 
of diluted EPS when their effect is dilutive.
 
The
 
following
 
table
 
reflects
 
the
 
calculation
 
of
 
net
 
income
 
available
 
to
 
common
 
stockholders
 
for
 
the
 
years
 
ended
December 31, 2024 and 2023 (in thousands):
The following table
 
reflects the calculation
 
of basic and
 
diluted earnings per
 
common share
 
class for the
 
years ended
December 31, 2024 and 2023 (in thousands, except
 
per share amounts):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2024
2023
Net Income
$
24,674
$
16,545
Net income available to common stockholders
$
24,674
$
16,545
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2024
2023
Class A
Class A
Basic EPS
Numerator:
Net income available to common shares
$
24,674
$
16,545
Denominator:
Weighted average shares outstanding
19,675,444
19,621,698
Earnings per share, basic
$
1.25
$
0.84
Diluted EPS
Numerator:
Net income available to common shares
$
24,674
$
16,545
Denominator:
Weighted average shares outstanding for basic EPS
19,675,444
19,621,698
Add: Dilutive effects of assumed exercises of stock options
155,977
65,936
Weighted avg. shares including dilutive potential common shares
19,831,421
19,687,634
Earnings per share, diluted
$
1.24
$
0.84
Anti-dilutive stock options excluded from diluted EPS
15,000
720,500
Net income has not been allocated to unvested
 
restricted stock awards that are participating securities
 
because the amounts that would be allocated are
not material to net income per share of common
 
stock. Unvested restricted stock awards that are participating
 
securities represent less than one percent
of all of the outstanding shares of common stock
 
for each of the periods presented.

Historical Timeline

Fiscal YearFiled
2024Mar 14, 2025Showing above
2023Mar 22, 2024
2021Mar 24, 2022

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.

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