v3.25.4
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2025
EARNINGS PER SHARE  
EARNINGS PER SHARE

20.     EARNINGS PER SHARE

The following table summarizes the calculation of basic and diluted earnings per common share (in thousands, except for share and per share amounts):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended

​

Six Months Ended

​

Fiscal Year Ended

​

​

December 31,

​

December 31,

​

June 30,

​

​

2025

​

2024

​

2023

​

2024

​

​

(Dollars in thousands, except share and per share amounts)

Net income applicable to common stock

​

$

20,287

​

$

9,600

​

$

6,611

​

$

15,260

​

​

​

​

​

​

​

​

​

​

​

​

​

Average number of common shares outstanding

​

​

25,158,550

​

​

25,736,880

​

​

25,977,679

​

​

25,951,228

Less: Average unallocated ESOP shares

​

​

687,371

​

​

725,558

​

​

776,474

​

​

757,380

Weighted-average number of common shares outstanding - basic

​

​

24,471,179

​

​

25,011,322

​

​

25,201,205

​

​

25,193,848

Add: Effect of dilutive stock options and restricted stock

​

​

95,479

​

​

87,062

​

​

—

​

​

29,266

Weighted-average number of common shares outstanding - diluted

​

​

24,566,658

​

​

25,098,384

​

​

25,201,205

​

​

25,223,114

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​

​

​

​

​

​

​

​

​

​

​

​

Net earnings per common share:

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​

​

​

​

​

​

​

​

​

​

​

Basic

​

$

0.83

​

$

0.38

​

$

0.26

​

$

0.61

Diluted

​

$

0.83

​

$

0.38

​

$

0.26

​

$

0.61

​

​

Potential common shares from stock options that were not included in the computation of diluted earnings per common share, because they were anti-dilutive under the treasury stock method, were approximately 75,000 for the

year ended December 31, 2025, 840,000 for the six months ended December 31, 2024 and 830,000 for the fiscal year ended June 30, 2024. There were no anti-dilutive shares for the six months ended December 31, 2023. Additional information regarding stock options and restricted stock awards can be found within Note 19 – Stock-Based Compensation.