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EARNINGS PER COMMON SHARE | 9 Months Ended
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Mar. 31, 2024
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 |  | Nine Months Ended
| March 31, |  | March 31,
(Dollars in thousands, except per share data) | 2024 |  | 2023 |  | 2024 |  | 2023
Earnings Per Common Share |  |  |  |  |  |  |
Net income | $ | 110,720 |  |  | $ | 79,850 |  |  | $ | 345,136 |  |  | $ | 219,809 |
Average common shares issued and outstanding | 56,932,050 |  |  | 59,930,634 |  |  | 57,699,236 |  |  | 59,928,263 |
Earnings per common share | $ | 1.94 |  |  | $ | 1.33 |  |  | $ | 5.98 |  |  | $ | 3.67 |
Diluted Earnings Per Common Share |  |  |  |  |  |  |
Net income | $ | 110,720 |  |  | $ | 79,850 |  |  | $ | 345,136 |  |  | $ | 219,809 |
Average common shares issued and outstanding | 56,932,050 |  |  | 59,930,634 |  |  | 57,699,236 |  |  | 59,928,263 |
Dilutive effect of average unvested RSUs | 1,105,648 |  |  | 696,766 |  |  | 1,008,579 |  |  | 667,151 |
Average dilutive common shares outstanding | 58,037,698 |  |  | 60,627,400 |  |  | 58,707,815 |  |  | 60,595,414 |
Diluted earnings per common share | $ | 1.91 |  |  | $ | 1.32 |  |  | $ | 5.88 |  |  | $ | 3.63 |
Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) | 723 |  |  | 2,776 |  |  | 24,524 |  |  | 33,297 |
For further information regarding the Company’s EPS calculation see Note 17— “Earnings per Common Share” in the 2023 Form 10-K.

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