Note 19.
Earnings Per Common Share


The following table presents the components of average outstanding common shares for the years ended June 30, 2025 and 2024.

   
2025
   
2024
 
             
Average Common Shares Issued
   
3,127,141
     
3,137,181
 
Average Unearned ESOP Shares
   
(72,887
)
   
(93,100
)

               
Weighted Average Number of Common                
Shares Used in Basic EPS
   
3,054,254
     
3,044,081
 

               
Effect of Dilutive Securities                
Stock Options
    24,113
      38,479
 
               
Weighted Average Number of Common                
Shares and Dilutive Potential Common                
Shares Used in Dilutive EPS
    3,078,367
      3,082,560
 

Earnings per share are computed using the weighted average number of shares outstanding as prescribed in GAAP.  For the years ended June 30, 2025 and 2024, there were outstanding options to purchase 333,500 and 319,700 shares, respectively, at a weighted average share price of $11.85 per share for 2025 and $11.83 per share for 2024.

Historical Timeline

Fiscal YearFiled
2025Sep 26, 2025Showing above
2024Sep 30, 2024
2023Oct 2, 2023
2022Sep 26, 2022
2021Sep 28, 2021
2020Sep 29, 2020
2017Sep 21, 2017

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.