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EARNINGS PER COMMON SHARE | 3 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | EARNINGS PER COMMON SHARE The following table presents the calculation of basic and diluted earnings per common share (“EPS”):
|  |  | Three Months Ended
|  |  | September 30,
(Dollars in thousands, except per share data) |  |  |  |  | 2023 |  | 2022
Earnings Per Common Share |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 82,645 |  |  | $ | 58,407 |
Average common shares issued and outstanding |  |  |  |  | 58,949,038 |  |  | 59,854,584 |
Earnings per common share |  |  |  |  | $ | 1.40 |  |  | $ | 0.98 |
Diluted Earnings Per Common Share |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 82,645 |  |  | $ | 58,407 |
Average common shares issued and outstanding |  |  |  |  | 58,949,038 |  |  | 59,854,584 |
Dilutive effect of average unvested RSUs |  |  |  |  | 859,284 |  |  | 631,810 |
Average dilutive common shares outstanding |  |  |  |  | 59,808,322 |  |  | 60,486,394 |
Diluted earnings per common share |  |  |  |  | $ | 1.38 |  |  | $ | 0.97 |
For further information regarding the Company’s EPS calculation see Note 17— “Earnings per Common Share” in the 2023 Form 10-K. For the three months ended September 30, 2023 and 2022, the number of weighted average antidilutive common stock equivalents that were not included in the computation of diluted EPS, because they would have been antidilutive, was 5,348 and 251,841 respectively.

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