EARNINGS PER SHARE CALCULATION

6 Months Ended

Dec. 31, 2024

Basic earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per share, applicable only to years ended with reported income is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The calculation of basic and diluted earnings per share is presented below:


	Three months ended December 31,
($ in thousands, except per share data)	2024		2023

Numerator for basic and diluted earnings per share
Net income	$	4,974	3,124
Preferred dividends	—		—
Net income applicable to common shareholders	$	4,974	$	3,124

Denominator for basic earnings per share - Weighted average shares outstanding	73,114,387		72,743,162
Effect of dilutive potential common shares	1,619,221		1,170,437
Denominator for diluted earnings per share - Adjusted weighted average shares outstanding	74,733,608		73,913,599

Basic earnings per share	$	0.07	$	0.04
Diluted earnings per share	$	0.07	$	0.04


	Six months ended December 31,
($ in thousands, except per share data)	2024		2023

Numerator for basic and diluted earnings per share
Net income	$	8,546	5,131
Preferred dividends	(289)		(289)
Net income applicable to common shareholders	$	8,257	$	4,842

Denominator for basic earnings per share - Weighted average shares outstanding	73,091,622		72,730,563
Effect of dilutive potential common shares	1,267,095		1,204,354
Denominator for diluted earnings per share - Adjusted weighted average shares outstanding	74,358,717		73,934,917

Basic earnings per share	$	0.11	$	0.07
Diluted earnings per share	$	0.11	$	0.07

Potentially anti-dilutive shares excluded from the calculation of diluted earnings per share were approximately 1.5 million and 1 million for the six months ended December 31, 2024 and 2023, respectively.