For the Year Ended December 31,

2025

2024

2023

(Dollars in thousands, except per share data)

Net income applicable to common shares

$

50,302

$

42,149

$

9,825

Average number of common shares outstanding

41,541,239

42,705,729

Less: average unvested restricted stock awards

(886,850)

—

Less: average unallocated ESOP shares

(3,245,170)

(3,315,900)

(687,500)

Average number of common shares outstanding used to calculate basic EPS

37,409,219

39,389,829

42,018,229

Add: dilutive non-participating unvested restricted stock awards

216,969

—

Average number of common shares outstanding used to calculate dilutive EPS

37,626,188

39,389,829

42,018,229

Earnings per common share:

Basic

$

1.34

$

1.07

$

0.23

Diluted

$

1.34

$

1.07

$

0.23