Cape Bancorp, Inc.

 

Basic earnings per common share is the net income (loss) divided by the weighted average number of common shares outstanding during the period. ESOP shares are not considered outstanding for this calculation unless earned. Diluted earnings per share includes the dilutive effect of additional potential common shares issuable under stock option and restricted stock awards, if any.

 

As of March 31, 2016, options to purchase 799,171 shares were outstanding and dilutive, and accordingly, were included in determining diluted earnings per common share. In addition, 60,419 shares of restricted stock were outstanding and dilutive, and accordingly, were included in determining diluted earnings per common share. As of March 31, 2015, options to purchase 708,870 shares were outstanding and dilutive, and accordingly, were included in determining diluted earnings per common share. In addition, 12,675 shares of restricted stock were outstanding and dilutive, and accordingly were included in determining diluted earnings per common share. The following is the calculation of basic earnings per share for the three months ended March 31, 2016 and 2015.