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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

15.EARNINGS PER SHARE

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Basic EPS represents net income attributable to common shareholders divided by the weighted-average number of common shares outstanding during the period. Non-vested restricted shares that are participating securities are included in the computation of basic EPS. Diluted EPS is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding, plus the effect of potential dilutive common stock equivalents outstanding during the period. At March 31, 2025 and 2024, respectively, potential common shares of 115,552 and 105,836 were considered to be anti-dilutive and excluded from EPS.

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The following table presents earnings per common share.

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​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​	​	2025		​	2024
​	​	​	​	​	​	​
Net income available to common stockholders (in thousands)	​	$	5,500	​	$	7,300
​	​	​	​	​	​	​
Average number of common shares outstanding	​	​	43,544,104	​	​	45,285,471
Less: Average unallocated ESOP shares and non-vested restricted shares	​	​	(3,199,182)	​	​	(3,373,050)
Weighted average number of common shares outstanding used to calculate basic earnings per common share	​	​	40,344,922	​	​	41,912,421
Dilutive effect of share-based compensation	​	​	260,877	​	​	214,616
Weighted average number of common shares outstanding used to calculate diluted earnings per common share	​	​	40,605,799	​	​	42,127,037
​	​	​	​	​	​	​
Earnings per common share:	​	​	​	​	​	​
Basic	​	$	0.14	​	$	0.17
Diluted	​	$	0.14	​	$	0.17

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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