NOTE 14: Earnings Per Share The following table sets forth the computations of basic and diluted earnings per common share: | | | | | | | | | | | | | | | | | | | | | | June 30, | (dollars in thousands except per share data) | | 2026 | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | | | Net income | | $ | 71,839 | | $ | 58,578 | | $ | 50,182 | Less: distributed earnings allocated to participating securities | | | (49) | | | (47) | | | (49) | Less: undistributed earnings allocated to participating securities | | | (265) | | | (217) | | | (208) | Net income available to common stockholders | | $ | 71,525 | | $ | 58,314 | | $ | 49,925 | | | | | | | | | | | Denominator for basic earnings per share | | | | | | | | | | Weighted-average shares outstanding | | | 11,101,806 | | | 11,234,703 | | | 11,292,634 | Effect of dilutive securities stock options or awards | | | 29,234 | | | 23,266 | | | 8,645 | Denominator for diluted earnings per share | | | 11,131,040 | | | 11,257,969 | | | 11,301,279 | | | | | | | | | | | Basic earnings per share available to common stockholders | | $ | 6.44 | | $ | 5.19 | | $ | 4.42 | Diluted earnings per share available to common stockholders | | $ | 6.43 | | $ | 5.18 | | $ | 4.42 |
Certain option and restricted stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive, based on the average market prices of the Company’s common stock for these periods. Outstanding options and shares of restricted stock totaling 34,250, 81,175, and 79,830 were excluded from the computation of diluted earnings per share for the fiscal years ended June 30, 2026, 2025 and 2024, respectively.
|