EARNINGS PER SHARE (EPS)

6 Months Ended

Mar. 31, 2022

Basic EPS was calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted EPS was calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding plus additional common shares that could be issued in connection with stock based compensation.

The following table is a reconciliation of the share amounts (in thousands) used in computing earnings per share:


	Three Months Ended March 31,		Six Months Ended March 31,
	2022	2021	2022	2021
Common shares outstanding	57,032	56,684	57,032	56,684
Unallocated ESOP shares	(1,769)	(1,961)	(1,769)	(1,961)
Non-vested restricted stock	(3,533)	(3,822)	(3,533)	(3,822)
Impact of weighted average shares	(62)	(63)	(307)	(184)
Weighted average shares outstanding - basic	51,668	50,838	51,423	50,717
Incremental shares from stock based compensation	1,762	2,426	2,179	2,494
Weighted average shares outstanding - diluted	53,430	53,264	53,602	53,211