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EARNINGS PER COMMON SHARE ("EPS") (Tables)
6 Months Ended
Mar. 31, 2017
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 EPS for the three and six months ended March 31, 2017 and 2016 is presented below.

Three Months Ended March 31,
2017
 
2016 (1)
(Dollars in Thousands, Except Share and Per Share Data)
 
 
 
Basic income per common share:
 
 
 
     Net income attributable to Meta Financial Group, Inc.
$
32,142

 
$
14,283

     Less income allocated to dividends for common stock and nonvested restricted stock
1,214

 
1,105

     Net income allocated to common shareholders for basic EPS
30,928

 
13,178

Weighted average common shares outstanding
9,345,277

 
8,496,357

     Basic income per common share
3.44

 
1.68

 
 
 
 
Diluted income per common share:
 
 
 
     Net income attributable to Meta Financial Group, Inc.
$
32,142

 
$
14,283

     Less income allocated to dividends for common stock and nonvested restricted stock
1,214

 
1,105

     Net income allocated to common stock for diluted EPS
30,928

 
13,178

Weighted average common shares outstanding
9,345,277

 
8,496,357

     Outstanding options - based upon the two-class method
54,674

 
61,176

Weighted average diluted common shares outstanding
9,399,951

 
8,557,533

     Diluted income per common share
3.42

 
1.67

Six Months Ended March 31,
2017
 
2016 (1)
(Dollars in Thousands, Except Share and Per Share Data)
 
 
 
Basic income per common share:
 
 
 
     Net income attributable to Meta Financial Group, Inc.
$
33,386

 
$
18,341

     Less income allocated to dividends for common stock and nonvested restricted stock
1,187

 
1,088

     Net income allocated to common shareholders for basic EPS
32,199

 
17,253

Average common shares outstanding
9,138,692

 
8,369,523

     Basic income per common share
3.65

 
2.19

 
 
 
 
Diluted income per common share:
 
 
 
     Net income attributable to Meta Financial Group, Inc.
$
33,386

 
$
18,341

     Less income allocated to dividends for common stock and nonvested restricted stock
1,187

 
1,088

     Net income allocated to common stock for diluted EPS
32,199

 
17,253

Average common shares outstanding
9,138,692

 
8,369,523

     Outstanding options - based upon the two-class method
53,790

 
63,551

Average diluted common shares outstanding
9,192,482

 
8,433,074

     Diluted income per common share
3.63

 
2.17