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EARNINGS PER COMMON SHARE ("EPS") (Tables)
9 Months Ended
Jun. 30, 2022
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 June 30,Nine Months Ended June 30,
(Dollars in thousands, except per share data)2022202120222021
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$22,391 $38,701 $132,966 $125,805 
Dividends and undistributed earnings allocated to participating securities(377)(729)(2,166)(2,411)
Basic net earnings available to common stockholders22,014 37,972 130,800 123,394 
Undistributed earnings allocated to nonvested restricted stockholders352 699 2,093 2,318 
Reallocation of undistributed earnings to nonvested restricted stockholders(352)(699)(2,092)(2,316)
Diluted net earnings available to common stockholders$22,014 $37,972 $130,801 $123,396 
Total weighted-average basic common shares outstanding28,868,136 31,320,893 29,444,979 31,880,653 
Effect of dilutive securities(1)
Performance share units— 18,054 9,607 19,944 
Total effect of dilutive securities— 18,054 9,607 19,944 
Total weighted-average diluted common shares outstanding28,868,136 31,338,947 29,454,586 31,900,597 
Net earnings per common share:
Basic earnings per common share$0.76 $1.21 $4.44 $3.87 
Diluted earnings per common share(2)
$0.76 $1.21 $4.44 $3.87 
(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 June 30, 2022 and 2021, respectively, were 493,800 and 601,693 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 nine months ended June 30, 2022 and 2021, respectively, were 487,538 and 622,954 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.