EARNINGS PER COMMON SHARE ("EPS") (Tables)

3 Months Ended

Dec. 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 December 31,
(Dollars in thousands, except per share data)	2023		2022
Basic income per common share:
Net income attributable to Pathward Financial, Inc.	$	27,657	$	27,842
Dividends and undistributed earnings allocated to participating securities	(220)		(403)
Basic net earnings available to common stockholders	27,437		27,439
Undistributed earnings allocated to nonvested restricted stockholders	210		383
Reallocation of undistributed earnings to nonvested restricted stockholders	(210)		(382)
Diluted net earnings available to common stockholders	$	27,437	$	27,440
Total weighted-average basic common shares outstanding	25,776,845		28,024,541
Effect of dilutive securities(1)
Performance share units	24,693		62,282
Total effect of dilutive securities	24,693		62,282
Total weighted-average diluted common shares outstanding	25,801,538		28,086,823
Net earnings per common share:
Basic earnings per common share	$	1.06	$	0.98
Diluted earnings per common share(2)	$	1.06	$	0.98

(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 December 31, 2023 and 2022, respectively, were 207,074 and 411,794 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.