NOTE E –
EARNINGS PER SHARE
Basic and diluted earnings per share for the three and nine months ended June 30, 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 | Nine | |||||||||||||||
Ended | Ended | |||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||
(In thousands | ||||||||||||||||
| ||||||||||||||||
Income applicable | $ | 1,668 | $ | 509 | $ | 4,510 | $ | 1,367 | ||||||||
Weighted average | 5,811 | 5,815 | 5,811 | 5,821 | ||||||||||||
Stock options | - | - | - | - | ||||||||||||
Weighted | 5,811 | 5,815 | 5,811 | 5,821 | ||||||||||||
| ||||||||||||||||
Basic earnings | $ | 0.29 | $ | 0.09 | $ | 0.78 | $ | 0.24 | ||||||||
Diluted earnings | $ | 0.29 | $ | 0.09 | $ | 0.78 | $ | 0.24 | ||||||||
There
were no outstanding stock awards or options to purchase common stock at June 30, 2021 and 2020.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Magyar Bancorp makes a similar move, sign up!
