Earnings Per Share

6 Months Ended

Dec. 31, 2025

Earnings Per Share

Earnings Per Share

Note 2- Earnings Per Share

Basic net income per common share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Unallocated common shares held by the ESOP are not included in the weighted-average number of common shares outstanding for purposes of calculating earnings per common share until they are committed to be released. Diluted earnings per share is adjusted for the dilutive effects of stock based compensation and is calculated using the treasury stock method. Set forth below is the calculation of earnings per share.


		Unaudited						Unaudited
		For the Three Months						For the Six Months
		Ended December 31,						Ended December 31,
		2025			2024 (1)			2025			2024


Net income applicable to common stock		$	501,396		$	51,127		$	945,689		$	226,034

Average number of shares outstanding			2,914,021			2,894,022			2,914,021			2,895,216
Less: Average unallocated ESOP shares			227,984			101,381			229,165			101,981

Average number of common shares outstanding used to calculate basic earnings per share			2,686,037			2,792,641			2,684,856			2,793,235
Effect of dilutive restricted stock awards and stock options			12,826			1,297			9,165			—
Average number of common shares outstanding used to calculate diluted earnings per share			2,698,863			2,793,938			2,694,021			2,793,235

Earnings per common share:
Basic		$	0.19		$	0.02		$	0.35		$	0.08
Diluted			0.19			0.02			0.35			0.08

(1)	Share amounts related to periods prior to the April 21, 2025 closing of the conversion offering have been restated to give retroactive recognition to the 1.3728 exchange ratio applied in the conversion offering (see Note 1).