| Earnings Per Share |
EARNINGS PER SHARE Shares acquired by the ESOP are not included in basic average shares outstanding until the shares are committed for allocation or vested to an employee's individual account. Unvested shares awarded pursuant to the Company's restricted stock benefit plans are treated as participating securities in the computation of EPS pursuant to the two-class method as they contain nonforfeitable rights to dividends. The two-class method is an earnings allocation that determines EPS for each class of common stock and participating security. | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | March 31, | | March 31, | | 2025 | | 2024 | | 2025 | | 2024 | | (Dollars in thousands, except per share amounts) | | Net income | $ | 15,399 | | | $ | 13,762 | | | $ | 30,830 | | | $ | 16,305 | | | Income allocated to participating securities | (18) | | | (10) | | | (36) | | | (12) | | | Net income available to common stockholders | $ | 15,381 | | | $ | 13,752 | | | $ | 30,794 | | | $ | 16,293 | | | | | | | | | | | Total basic average common shares outstanding | 130,025,900 | | | 130,536,246 | | | 129,999,144 | | | 131,449,744 | | | Effect of dilutive stock options | — | | | — | | | — | | | — | | | Total diluted average common shares outstanding | 130,025,900 | | | 130,536,246 | | | 129,999,144 | | | 131,449,744 | | | | | | | | | | | Net EPS: | | | | | | | | | Basic | $ | 0.12 | | | $ | 0.11 | | | $ | 0.24 | | | $ | 0.12 | | | Diluted | $ | 0.12 | | | $ | 0.11 | | | $ | 0.24 | | | $ | 0.12 | | | | | | | | | | | Antidilutive stock options, excluded from the diluted average | | | | | | | | common shares outstanding calculation | 267,439 | | | 326,572 | | | 290,390 | | | 331,041 | |
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