EARNINGS PER SHARE (EPS)

9 Months Ended

Jun. 30, 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 June 30,		Nine Months Ended June 30,
	2022	2021	2022	2021
Common shares outstanding	57,064	56,677	57,064	56,677
Unallocated ESOP shares	(1,396)	(1,912)	(1,396)	(1,912)
Non-vested restricted stock	(3,565)	(3,814)	(3,565)	(3,814)
Impact of weighted average shares	(369)	(48)	(576)	(172)
Weighted average shares outstanding - basic	51,734	50,903	51,527	50,779
Incremental shares from stock based compensation	2,180	2,601	2,177	2,527
Weighted average shares outstanding - diluted	53,914	53,504	53,704	53,306