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Meridian Corp Just Filed Its Quarterly Report: Earnings per Common ...

Earnings per Common Share

Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period reduced by unearned ESOP Plan shares and treasury shares. Diluted earnings per common share takes into account the potential dilution computed pursuant to the treasury stock method that could occur if stock options were exercised and converted into common stock and if restricted stock awards were vested, and SERP plan liabilities were satisfied with common shares. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be anti-dilutive.
Three months ended
September 30,		Nine months ended
September 30,
(dollars in thousands, except per share data)2022202120222021
Numerator for earnings per share:
Net income available to common stockholders$5,798 $9,438 $17,268 $27,866 
Denominators for earnings per share:
Weighted average shares outstanding5,968 6,157 6,038 6,148 
Average unearned ESOP shares(100)(112)(74)(115)
Basic weighted averages shares outstanding5,868 6,045 5,964 6,033 
Dilutive effects of assumed exercises of stock options116 125 137 113 
Dilutive effects of SERP shares75 61 71 55 
Diluted weighted averages shares outstanding6,060 6,231 6,172 6,201 
Basic earnings per share$0.99 $1.56 $2.90 $4.62 
Diluted earnings per share$0.96 $1.52 $2.80 $4.49 
Antidilutive shares excluded from computation of average dilutive earnings per share237 140 236 140 

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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