Earnings Per Share

3 Months Ended

Sep. 30, 2025

. EARNINGS PER SHARE (EPS)

Basic EPS represents net income available to common stockholders divided by the weighted-average number of common shares outstanding during the year.

Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common shares (such as stock options) were exercised or converted into additional common shares that would then share in the earnings of the Company. Diluted EPS is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding for the year, plus the effect of potential dilutive common share equivalents computed using the treasury stock method.

There were no securities that had a dilutive effect during the three months ended September 30, 2025, and therefore the weighted-average common shares outstanding used to calculate both basic and diluted EPS are the same. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. For the three months ended September 30, 2025, there were no anti-dilutive shares. Earnings per share data is not applicable for the three months ended September 30, 2024 as the Company had no shares outstanding.


	For the Three Months Ended
	September 30,
	2025
	(Dollars in thousands)
Net income applicable to common shares	$	962

Average number of common shares outstanding		9,295,376
Less: average unallocated ESOP shares		330,483
Average number of common shares outstanding used to calculate basic and diluted EPS		8,964,893
Net income per common share:
Basic and diluted	$	0.11

Winchester Bancorp, Inc./MD/ 10-Q