| Earnings Per Share |
NOTE 4 – EARNINGS PER SHARE Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows:
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Three Months Ended |
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Six Months Ended |
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(Dollars in thousands, except share data) |
June 30, |
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June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Basic |
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Net (loss) income |
$ |
12,463 |
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$ |
13,534 |
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$ |
26,167 |
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$ |
(372 |
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Weighted average common shares outstanding |
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14,962,556 |
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14,999,067 |
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14,976,211 |
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12,849,509 |
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Basic (loss) earnings per common shares |
$ |
0.83 |
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$ |
0.90 |
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$ |
1.75 |
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$ |
(0.03 |
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Diluted |
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Net (loss) income |
$ |
12,463 |
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$ |
13,534 |
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$ |
26,167 |
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$ |
(372 |
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Weighted average common shares outstanding |
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14,962,556 |
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14,999,067 |
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14,976,211 |
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12,849,509 |
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Plus dilutive stock options and restricted stock units |
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43,962 |
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36,046 |
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39,849 |
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39,390 |
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Weighted average common shares outstanding and potentially dilutive shares |
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15,006,518 |
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15,035,113 |
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15,016,060 |
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12,888,899 |
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Diluted (loss) earnings per common share |
$ |
0.83 |
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$ |
0.90 |
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$ |
1.74 |
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$ |
(0.03 |
) |
There were no stock options that were considered anti-dilutive to earnings per share for the three and six months ended June 30, 2026 or the three and six months ended June 30, 2025.
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