Earnings Per Share

12 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE

Shares acquired by the ESOP are not included in basic average shares outstanding until the shares are committed for allocation or vested to an employee's individual account. Unvested shares awarded pursuant to the Company's restricted stock benefit plans are treated as participating securities in the computation of EPS pursuant to the two-class method as they contain nonforfeitable rights to dividends. The two-class method is an earnings allocation that determines EPS for each class of common stock and participating security.



	For the Year Ended September 30,
	2019			2018			2017
	(Dollars in thousands, except per share amounts)
Net income	$	94,243		$	98,927		$	84,137
Income allocated to participating securities	(55		)	(40		)	(44		)
Net income available to common stockholders	$	94,188		$	98,887		$	84,093

Average common shares outstanding	137,614,465			134,635,886			134,019,962
Average committed ESOP shares outstanding	62,458			62,458			62,458
Total basic average common shares outstanding	137,676,923			134,698,344			134,082,420

Effect of dilutive stock options	58,478			60,647			161,442

Total diluted average common shares outstanding	137,735,401			134,758,991			134,243,862

Net EPS:
Basic	$	0.68		$	0.73		$	0.63
Diluted	$	0.68		$	0.73		$	0.63

Antidilutive stock options, excluded from the diluted average
common shares outstanding calculation	470,938			541,418			200,800