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EARNINGS PER COMMON SHARE ("EPS") (Tables)
 3 Months Ended
Dec. 31, 2021
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)20212020
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$61,324 $28,037 
Dividends and undistributed earnings allocated to participating securities(953)(554)
Basic net earnings available to common stockholders60,371 27,483 
Undistributed earnings allocated to nonvested restricted stockholders929 521 
Reallocation of undistributed earnings to nonvested restricted stockholders(929)(521)
Diluted net earnings available to common stockholders$60,371 $27,483 
Total weighted-average basic common shares outstanding30,238,621 32,782,285 
Effect of dilutive securities(1)
Performance share units22,034 8,610 
Total effect of dilutive securities22,034 8,610 
Total weighted-average diluted common shares outstanding30,260,655 32,790,895 
Net earnings per common share:
Basic earnings per common share$2.00 $0.84 
Diluted earnings per common share(2)
$2.00 $0.84 
(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, 2021 and 2020, respectively, were 477,488 and 660,659 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.