| Earnings Per Share |
15)
Earnings Per Share
Earnings
per share have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings
per share were calculated as follows:
Schedule of Earnings Per Share, Basic and Diluted
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three
Months Ended
June 30, | | |
Six
Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net
earnings | |
$ | 8,981,697 | | |
$ | 8,370,755 | | |
$ | 15,983,123 | | |
$ | 14,784,490 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic
weighted-average shares outstanding | |
| 26,040,005 | | |
| 26,007,334 | | |
| 26,049,116 | | |
| 25,973,466 | |
| Effect
of dilutive securities: | |
| | | |
| | | |
| | | |
| | |
| Employee
stock options | |
| 851,949 | | |
| 799,533 | | |
| 789,127 | | |
| 933,970 | |
| Unvested
restricted stock units | |
| 735 | | |
| - | | |
| 405 | | |
| - | |
| Diluted
weighted-average shares outstanding | |
| 26,892,689 | | |
| 26,806,867 | | |
| 26,838,648 | | |
| 26,907,436 | |
| Basic
net earnings per share | |
$ | 0.34 | | |
$ | 0.32 | | |
$ | 0.61 | | |
$ | 0.57 | |
| Diluted
net earnings per share | |
$ | 0.33 | | |
$ | 0.31 | | |
$ | 0.60 | | |
$ | 0.55 | |
For
the six-month periods ended June 30, 2026, and 2025, there were 423,146 and 416,539 anti-dilutive stock option shares, respectively,
that were not included in the computation of diluted net earnings per common share as their effect would be anti-dilutive. Basic and
diluted earnings per share are the same for each class of common stock.
SECURITY
NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
Notes
to Condensed Consolidated Financial Statements
June
30, 2026 (Unaudited)
|