v3.26.1
Net Earnings Per Common Share
 12 Months Ended
Dec. 31, 2025
Earnings per share [abstract]  
Net Earnings Per Common Share Net Earnings Per Common Share
  2025

2024

2023 (1)
Weighted average common shares outstanding
– basic (thousands of shares)
2,091,134 

2,125,804 

2,182,623 
Effect of dilutive stock options (thousands of shares)6,772 

14,625 

21,625 
Weighted average common shares outstanding
– diluted (thousands of shares)
2,097,906 2,140,429 2,204,248 
Net earnings$10,820 

$6,106 

$8,233 
Net earnings per common share– basic$5.17 

$2.87 

$3.77 
 – diluted$5.16 

$2.85 

$3.74 
(1)Common share, per common share, dividend, and stock option amounts have been updated to reflect the two for one common share split (note 1).
In 2025, the Company excluded 29,366,000 potentially anti-dilutive stock options from the calculation of diluted earnings per common share (2024 – 12,144,000; 2023 – 6,461,000).