Magyar Bancorp Just Filed Its Quarterly Report: NOTE D - EARNINGS PE...



Basic and diluted earnings per share for the three and six months ended March 31, 2021 and 2020 were calculated by dividing net income by the weighted-average number of shares outstanding for the period considering the effect of dilutive equity options and stock awards for the diluted earnings per share calculations.


   Three Months   Six Months 
   Ended March 31,   Ended March 31, 
   2021   2020   2021   2020 
   (In thousands except for per share data) 
Income applicable to common shares  $1,506   $305   $2,843   $858 
Weighted average number of common shares                    
outstanding - basic   5,811    5,820    5,811    5,821 
Stock options and restricted stock                
Weighted average number of common shares                    
and common share equivalents - diluted   5,811    5,820    5,811    5,821 
Basic earnings per share  $0.26   $0.05   $0.49   $0.15 
Diluted earnings per share  $0.26   $0.05   $0.49   $0.15 


There were no outstanding stock awards or options to purchase common stock at March 31, 2021 and 2020.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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