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Note 11 - Earnings Per Common Share ("EPS")
 6 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 11. Earnings Per Common Share (“EPS”)

 

The computations of the basic and diluted EPS amounts were as follows:

 

  

Three Months Ended December 31,

  

Six Months Ended December 31,

 
  

2025

  

2024

  

2025

  

2024

 
                 

Net Income

 $2,761,000  $1,968,000  $4,897,000  $3,442,000 

Weighted-average common shares outstanding:

                

Basic

  8,270,565   8,424,534   8,296,674   8,494,511 

Effect of dilutive common stock equivalents

  418,725   528,815   388,823   489,215 

Diluted

  8,689,290   8,953,349   8,685,497   8,983,726 
                 

Earnings per common share:

                

Basic

 $0.33  $0.23  $0.59  $0.41 

Diluted

 $0.32  $0.22  $0.56  $0.38 

 

Common stock equivalents excluded from the calculation of diluted earnings per share because their impact was anti-dilutive were 57,146 and 8,865 for the three months ended December 31, 2025, and 2024, respectively, and were 37,509 and 43,498 for the six months ended December 31, 2025, and 2024, respectively.