Earnings (Loss) Per Share (“EPS”) (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Earnings (Loss) Per Share, Basic and Diluted

The following are the components and results of the Company’s earnings per common share calculations for the periods presented:


	For the Three Months Ended September 30, 2025		For the Nine Months Ended September 30, 2025
	(Dollars in thousands, except per share data)
Net income (loss) applicable to common shares	$	106,144	$	(11,289)

Average number of common shares outstanding	211,193,503		211,683,656
Less: Average unallocated ESOP shares	(12,467,390)		(12,592,335)
Average number of common shares outstanding used to calculate basic earnings (loss) per common share	198,726,113		199,091,321
Common stock equivalents (1)	752,827		—
Average number of common shares outstanding used to calculate diluted earnings per common share	199,478,940		199,091,321

Earnings (loss) per common share:
Basic	$	0.53	$	(0.06)
Diluted	$	0.53	$	(0.06)

(1)For the nine months ended September 30, 2025, securities that could potentially dilute basic EPS in the future that were not included in the computation of diluted EPS because to do so would have been anti-dilutive amounted to 889,694.


	For the Three Months Ended September 30, 2024		For the Nine Months Ended September 30, 2024
	(Dollars in thousands, except per share data)
Net (loss) income applicable to common shares	$	(6,188)	$	58,790

Average number of common shares outstanding	209,669,236		187,488,659
Less: Average unallocated ESOP shares	(12,969,014)		(13,089,967)
Average number of common shares outstanding used to calculate basic (loss) earnings per common share	196,700,222		174,398,692
Common stock equivalents	1,006,422		871,867
Average number of common shares outstanding used to calculate diluted earnings per common share	197,706,644		175,270,559

(Loss) earnings per common share:
Basic	$	(0.03)	$	0.34
Diluted	$	(0.03)	$	0.34