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Stock Repurchases
9 Months Ended
Mar. 31, 2025
Stock Repurchases  
Stock Repurchases

Note 10: Stock Repurchases

On January 23, 2025, the Corporation’s Board of Directors announced a stock repurchase plan, authorizing the purchase of up to 334,773 shares of the Corporation’s outstanding common stock over a one-year period. In connection with this new program, the previously extended September 2023 stock repurchase program, which was extended for an additional year on September 26, 2024 and had 21,691 shares remaining for repurchase as of January 23, 2025, was canceled effective January 24, 2025.

During the third quarter of fiscal 2025, the Corporation purchased 51,869 shares of its common stock under the stock repurchase plans with a weighted average cost of $15.30 per share. For the first nine months of fiscal 2025, the Corporation purchased 209,066 shares of its common stock under the stock repurchase plans with a weighted average cost of $15.06 per share. As of March 31, 2025, 293,132 shares or 88 percent of authorized common stock under the existing plan remain available for purchase.