EARNINGS (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2020

11.EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share represent income (loss) available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially diluted common stock equivalents as of March 31, 2020. Earnings per share data is not applicable for the three and nine month periods ended March 31, 2019 as the Company had no shares outstanding.


	For the Three Months Ended		For the Nine Months Ended
	March 31,		March 31,
		2020		2020
	(Dollars in thousands, expect share and per share amounts)
Net income (loss) applicable to common stock	$	849	$	(7,985)

Average number of common shares outstanding		25,977,679		25,977,679
Less: Average unallocated ESOP shares		961,045		971,652
Average number of common shares outstanding used to calculate basic and diluted earnings per common share		25,016,634		25,006,027

Income (loss) per common share:
Basic	$	0.03	$	(0.32)
Diluted	$	0.03	$	(0.32)