EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

19.     EARNINGS PER SHARE

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the year. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially diluted common stock equivalents as of June 30, 2022 and 2021.

	For the Year Ended June 30,
	2022		2021
Net income applicable to common stock	$	10,279	$	1,077
Average number of common shares outstanding		25,977,679		25,977,679
Less: Average unallocated ESOP shares		846,484		910,129
Average number of common shares outstanding used to calculate basic and diluted earnings per common share		25,131,195		25,067,550
Net earnings per common share:
Basic	$	0.41	$	0.04
Diluted	$	0.41	$	0.04