EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

20.     EARNINGS PER SHARE

The following table summarizes the calculation of basic and diluted earnings per common share (in thousands, except for share and per share amounts):

	For the Six Months Ended December 31,				For the Fiscal Year Ended June 30,
	2024		2023		2024		2023
	(Dollars in thousands, except share and per share amounts)
Net income applicable to common stock	$	9,600	$	6,611	$	15,260	$	21,948
Average number of common shares outstanding		25,736,880		25,977,679		25,951,228		25,977,679
Less: Average unallocated ESOP shares		725,558		776,474		757,380		808,297
Weighted-average number of common shares outstanding - basic		25,011,322		25,201,205		25,193,848		25,169,382
Add: Effect of dilutive stock options and restricted stock		87,062		—		29,266		—
Weighted-average number of common shares outstanding - diluted		25,098,384		25,201,205		25,223,114		25,169,382
Net earnings per common share:
Basic	$	0.38	$	0.26	$	0.61	$	0.87
Diluted	$	0.38	$	0.26	$	0.61	$	0.87

Potential common shares from stock options that were not included in the computation of diluted earnings per common share, because they were anti-dilutive under the treasury stock method, were 840,000 for the six months ended December 31, 2024 and 830,000 for the fiscal year ended June 30, 2024. There were no anti-dilutive shares for the six months ended December 31, 2023 and fiscal year ended June 30, 2023. Additional information regarding stock options and restricted stock awards can be found within Note 19 – Stock-Based Compensation.