OP Bancorp
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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Sep 30, 2025 · Filed Nov 7, 2025
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13 — Earnings Per Share
Note 13 —Earnings Per Share
Basic EPS is calculated by dividing net income attributable to common shareholders by the weighted-average common shares outstanding during the period. Diluted EPS is calculated by dividing net income attributable to common shareholders by the weighted-average common shares outstanding during the period, adjusted for the dilutive effect of outstanding share-based awards using the treasury stock method.
The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the three and nine months ended September 30, 2025 and 2024:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| ($ in thousands, except share and per share data) | 2025 | 2024 | 2025 | 2024 |
| Basic | ||||
| Net income | $6,703 | $5,436 | $18,596 | $16,098 |
| Distributed and undistributed earnings allocated to participating securities | — | (93) | — | (294) |
| Net income allocated to common shares | $6,703 | $5,343 | $18,596 | $15,804 |
| Weighted-average number of common shares outstanding | 14,885,614 | 14,812,118 | 14,867,626 | 14,890,479 |
| Basic EPS | $0.45 | $0.36 | $1.25 | $1.06 |
| Diluted | ||||
| Net income allocated to common shares | $6,703 | $5,343 | $18,596 | $15,804 |
| Weighted-average number of common shares outstanding | 14,885,614 | 14,812,118 | 14,867,626 | 14,890,479 |
| Add: Dilutive impact of unvested restricted stock awards (1) | 33,860 | — | 26,683 | — |
| Average shares and dilutive potential common shares | 14,919,474 | 14,812,118 | 14,894,309 | 14,890,479 |
| Diluted earnings per common share | $0.45 | $0.36 | $1.25 | $1.06 |
(1)Approximately nine thousand and 28 thousand weighted-average shares of anti-dilutive restricted stock awards were excluded from the diluted EPS computation for the three and nine months ended September 30, 2025. No shares of common stock was antidilutive for the three and nine months ended September 30, 2024.
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