Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 2024

Summary of Earnings Per Share Basic and Diluted

There were no securities or other contracts that had a dilutive effect for the three and nine months ended December 31, 2024, and therefore the weighted-average common shares outstanding used to calculate both basic and diluted EPS are the same. Shares held by the Employee Stock Ownership Plan ("ESOP") that have not been allocated to employees in accordance with the terms of the ESOP, referred to as "unallocated ESOP shares", are not deemed outstanding for EPS calculations. For the three-month period ended December 31, 2024, options to purchase 123,924 common shares with an exercise price of $14.40 were outstanding but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive.

The Company did not present earnings per share for the nine months ended December 31, 2023, as the year-to-date weighted average computation presented a figure that would not aid investors in understanding the Company’s financial results for the period.


	Three Months Ended December 31,				Nine Months Ended December 31,
	2024		2023		2024
	(Income in thousands)
Net income applicable to common shares	$	951	$	937	$	2,806

Average number of common shares outstanding		4,147,426		3,322,612		4,136,372
Less: Average unallocated ESOP shares		306,179		264,620		309,477
Average number of common shares outstanding used to calculate basic earnings per common share		3,841,247		3,057,992		3,826,895
Earnings per common share basic and diluted	$	0.25	$	0.31	$	0.73

Central Plains Bancshares, Inc. 10-Q