v3.26.1
Income Taxes
 9 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 13 – INCOME TAXES

The components of income tax expense are as follows:

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

(In thousands)

2026

 

 

2025

 

 

2026

 

 

2025

 

Current income tax expense

$

1,761

 

 

$

1,024

 

 

$

3,251

 

 

$

4,143

 

Deferred income tax expense (benefit)

 

115

 

 

 

(451

)

 

 

689

 

 

 

(262

)

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

$

1,876

 

 

$

573

 

 

$

3,940

 

 

$

3,881

 

 

The Company’s effective tax rate is 25.9% and 25.8% for the nine months ended March 31, 2026 and 2025, respectively. Income tax expense for the nine months ended March 31, 2026 and 2025 is higher than the U.S. federal statutory rate due to jurisdictional mix of federal and state taxes. The Company does not have any uncertain tax positions.