Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2025

Earnings (Loss) per share is calculated by dividing consolidated net income or loss (numerator) by the weighted-average common shares (denominator).

The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the three months and six months ended June 30, 2025. The Company became the bank holding company of the Bank on October 22, 2024; therefore, there were no outstanding shares for the same periods ended June 30, 2024.


Denominator:	Three months ended			Six months ended
	June 30, 2025			June 30, 2025
Weighted-average common shares outstanding		19,837,500			19,837,500
Less: Average unearned ESOP shares		(1,507,650	)		(1,515,541	)
Weighted-average common shares and common stock equivalents used to calculate basic earnings per share		18,329,850			18,321,959

The Company had no dilutive or potentially dilutive securities during the periods presented.