| Summary of Computation of Basic and Diluted EPS |
The following table shows the calculation of basic and diluted earnings per share ("EPS"), the weighted average number of shares outstanding used in computing EPS, the effect on the weighted average number of shares outstanding of dilutive potential common stock for the periods stated, and the weighted average number of shares excluded from the computation of diluted EPS because their effects would have been anti-dilutive.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, |
|
|
For the six months ended June 30, |
|
(Dollars in thousands, except per share data) |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Net income (loss) |
|
$ |
1,296 |
|
|
$ |
(11,435 |
) |
|
$ |
862 |
|
|
$ |
(14,328 |
) |
Less preferred stock dividends |
|
|
— |
|
|
|
150 |
|
|
|
— |
|
|
|
150 |
|
Net income (loss) available to common stockholders |
|
$ |
1,296 |
|
|
$ |
(11,585 |
) |
|
$ |
862 |
|
|
$ |
(14,478 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding, basic |
|
|
88,257,659 |
|
|
|
24,477,007 |
|
|
|
87,136,670 |
|
|
|
21,827,669 |
|
Effect of dilutive securities |
|
|
324,684 |
|
|
|
— |
|
|
|
173,876 |
|
|
|
— |
|
Weighted average common shares outstanding, dilutive |
|
|
88,582,343 |
|
|
|
24,477,007 |
|
|
|
87,310,546 |
|
|
|
21,827,669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted income (loss) per common share |
|
$ |
0.01 |
|
|
$ |
(0.47 |
) |
|
$ |
0.01 |
|
|
$ |
(0.66 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average anti-dilutive shares excluded from diluted EPS |
|
|
|
|
|
|
|
|
|
|
|
|
PSAs |
|
|
1,570,384 |
|
|
|
— |
|
|
|
829,134 |
|
|
|
— |
|
Stock options |
|
|
49 |
|
|
|
— |
|
|
|
100 |
|
|
|
— |
|
Total weighted average anti-dilutive shares |
|
|
1,570,433 |
|
|
|
— |
|
|
|
829,234 |
|
|
|
— |
|
|