NOTE 3 - EARNINGS PER COMMON SHARE

Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options. The difference in earnings per share under the two-class method was not significant for both the three and six month periods ended June 30, 2026 and 2025.

Stock Split

On July 20, 2026, our Board of Directors declared a two-for-one common stock split of the Company's common stock, to be effected in the form of a 100% stock dividend (the "Stock Split"). Stockholders of record as of the close of business on August 5, 2026 will receive one additional share of common stock for every share held on that date. The additional shares are expected to be distributed on or about August 20, 2026, and the Company's common stock is expected to begin trading on a post-split basis on or about August 21, 2026. All references to share and per share amounts in the accompanying unaudited consolidated financial statements and related disclosures are presented on a pre-split basis, as the Stock Split has not become effective as of the date these financial statements were issued. As a result of the Stock Split, the number of shares of common stock issued and outstanding will increase from approximately 54.7 million to approximately 109.3 million. Historical per share data and weighted-average shares outstanding presented in future financial statements will be retroactively adjusted to reflect the Stock Split.

The following table illustrates the impact of the Stock Split on earnings per common share and diluted earnings per common share for the periods presented. The pro forma amounts reflect the retroactive application as if it has occurred at the beginning of each period presented.