Note 12: Earnings Per Share

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Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the earnings of the Corporation.

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As of June 30, 2026 and 2025, there were outstanding options to purchase 229,000 shares and 229,000 shares of the Corporation’s common stock, of which 65,000 shares and 99,000 shares, respectively, were excluded from the diluted EPS computation as their effect was anti-dilutive. As of June 30, 2026 and 2025, there were outstanding restricted stock awards of 89,525 shares and 144,650 shares, respectively.

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The following tables provide the basic and diluted EPS computations for the fiscal years ended June 30, 2026 and 2025.

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