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EARNINGS PER COMMON SHARE ("EPS") (Tables)
6 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands, except per share data)2023202220232022
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$54,771 $49,251 $82,613 $110,575 
Dividends and undistributed earnings allocated to participating securities(841)(815)(1,231)(1,773)
Basic net earnings available to common stockholders53,930 48,436 81,382 108,802 
Undistributed earnings allocated to nonvested restricted stockholders820 791 1,190 1,724 
Reallocation of undistributed earnings to nonvested restricted stockholders(818)(791)(1,187)(1,723)
Diluted net earnings available to common stockholders$53,932 $48,436 $81,385 $108,803 
Total weighted-average basic common shares outstanding27,078,048 29,212,301 27,555,197 29,731,797 
Effect of dilutive securities(1)
Performance share units91,521 12,061 77,540 17,035 
Total effect of dilutive securities91,521 12,061 77,540 17,035 
Total weighted-average diluted common shares outstanding27,169,569 29,224,362 27,632,737 29,748,832 
Net earnings per common share:
Basic earnings per common share$1.99 $1.66 $2.95 $3.66 
Diluted earnings per common share(2)
$1.99 $1.66 $2.95 $3.66 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended March 31, 2023 and 2022, respectively, were 422,461 and 491,621 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2023 and 2022, respectively, were 417,012 and 484,457 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.