Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of weighted average number of shares used in computing earnings per share

The table below shows the weighted average number of shares used in computing net income per common share and the effect of the weighted average number of shares of potential dilutive common stock for the three months ended March 31, 2025 and 2024. Diluted net income per share is computed based on the weighted average number of shares of common stock equivalents outstanding, to the extent dilutive. The Company’s common stock equivalents relate to outstanding common stock options. The recipients of unvested restricted shares have full voting and dividend rights, and as such, unvested restricted stock as of March 31, 2025 and March 31, 2024 is included in the calculation of basic and diluted net income per share (dollars below reported in thousands except per share data).


Three Months Ended	March 31, 2025						March 31, 2024
	Net Income		Weighted Average Shares		Per Share Amount		Net Income		Weighted Average Shares		Per Share Amount
Basic net income per share	$	4,489		5,378,871	$	0.83	$	3,646		5,366,890	$	0.68
Effect of dilutive stock options		-		24,065		-		-		13,191		-
Diluted net income per share	$	4,489		5,402,936	$	0.83	$	3,646		5,380,081	$	0.68

Virginia National Bankshares Corp 10-Q