v3.25.2
EARNINGS (LOSSES) PER SHARE
6 Months Ended
Jun. 30, 2025
EARNINGS (LOSSES) PER SHARE  
EARNINGS (LOSSES) PER SHARE

NOTE 13 — EARNINGS (LOSSES) PER SHARE

Basic earnings (losses) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted earnings (losses) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Corporation. At June 30, 2025 and 2024, there were no potential dilutive common shares outstanding. The following table sets forth the computation of basic and diluted earnings (losses) per share.

(In thousands, except earnings per share)

Three Months Ended

June 30, 

2025

    

2024

Net income

$

2,914

$

1,380

Weighted-average common shares outstanding

6,219

6,154

Basic and diluted earnings per share

$

0.47

$

0.23

(In thousands, except earnings per share)

Six Months Ended

June 30, 

2025

  

2024

Net income (loss)

$

3,967

$

(16,997)

Weighted-average common shares outstanding

6,219

6,138

Basic and diluted earnings (losses) per share

$

0.64

$

(2.77)