EARNINGS PER SHARE

9 Months Ended

Jun. 30, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

6. EARNINGS PER SHARE

Basic earnings per share available to common shareholders is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding for each period. Diluted earnings per share available to common shareholders is calculated by dividing net income available to common shareholders by the sum of the weighted average number of common shares outstanding and the weighted average dilutive equity awards.

	For the three months ended June
	2023				2022
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		585,625		585,625		569,689		569,689
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		12,965		—		12,681
Weighted average number of shares outstanding		585,625		598,590		569,689		582,370
Net income available to common shareholders	$	3,944,379	$	3,944,379	$	6,044,808	$	6,044,808
Net earnings per share available to common shareholders	$	6.74	$	6.59	$	10.61	$	10.38

(1) Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.

	For the nine months ended June
	2023				2022
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		584,359		584,359		567,026		567,026
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		9,121		—		14,552
Weighted average number of shares outstanding		584,359		593,480		567,026		581,578
Net income available to common shareholders	$	8,638,954	$	8,638,954	$	12,052,045	$	12,052,045
Net earnings per share available to common shareholders	$	14.78	$	14.56	$	21.25	$	20.72

(1)Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.