Earnings Per Share

12 Months Ended

Jun. 30, 2025

Earnings Per Share

Earnings Per Share

NOTE 14: Earnings Per Share

The following table sets forth the computations of basic and diluted earnings per common share:

	June 30,
(dollars in thousands except per share data)	2025		2024		2023
Net income	$	58,578	$	50,182	$	39,237
Less: distributed earnings allocated to participating securities		(47)		(49)		(42)
Less: undistributed earnings allocated to participating securities		(217)		(208)		(150)
Net income available to common shareholders	$	58,314	$	49,925	$	39,045
Denominator for basic earnings per share
Weighted-average shares outstanding		11,234,703		11,292,634		10,124,766
Effect of dilutive securities stock options or awards		23,266		8,645		17,033
Denominator for diluted earnings per share		11,257,969		11,301,279		10,141,799
Basic earnings per share available to common stockholders	$	5.19	$	4.42	$	3.86
Diluted earnings per share available to common stockholders	$	5.18	$	4.42	$	3.85

Certain option and restricted stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive, based on the average market prices of the Company’s common stock for these periods. Outstanding options and shares of restricted stock totaling 81,175, 79,830, and 66,607 were excluded from the computation of diluted earnings per share for the fiscal years ended June 30, 2025, 2024, and 2023, respectively.