EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

14.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 period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially diluted common stock equivalents as of December 31, 2022 or December 31, 2021.

	For the Three Months Ended December 31,				For the Six Months Ended December 31,
	2022		2021		2022		2021
	(Dollars in thousands, except share and per share amounts)
Net income applicable to common stock	$	6,183		6,257	$	11,417	$	7,614
Average number of common shares outstanding		25,977,679		25,977,679		25,977,679		25,977,679
Less: Average unallocated ESOP shares		821,026		871,942		827,390		878,306
Average number of common shares outstanding used to calculate basic and diluted earnings per common share		25,156,653		25,105,737		25,150,289		25,099,373
Net earnings per common share:
Basic	$	0.25	$	0.25	$	0.45	$	0.30
Diluted	$	0.25	$	0.25	$	0.45	$	0.30