Earnings Per Common Share

3 Months Ended

Mar. 31, 2026

4. Earnings Per Common Share

Basic earnings per share include only the weighted average common shares outstanding. Diluted earnings per share include the weighted average common shares outstanding and any potentially dilutive common stock equivalent shares in the calculation. Treasury shares are excluded for earnings per share purposes. For the three-month periods ending March 31, 2026 and 2025, options to purchase 147,000 common shares, with an exercise price of $3.83 to $4.22, and options to purchase 179,000 common shares, with an exercise price of $2.96 to $4.22, respectively, were outstanding but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive.


	Three months ended
	March 31,
	2026		2025

	(In thousands, except share and per share data)
Numerator:
Net income	$	1,794	$	1,908
Denominator:
Weighted average common shares outstanding (basic)		16,927,456		16,519,267
Effect of stock options		639		—
Weighted average common shares outstanding (diluted)		16,928,095		16,519,267
Earnings per common share:
Basic	$	0.11	$	0.12
Diluted		0.11		0.12

AMERISERV FINANCIAL INC /PA/ 10-Q