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EARNINGS PER COMMON SHARE ("EPS") (Tables)
12 Months Ended
Sep. 30, 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.
Fiscal Year Ended September 30,
(Dollars in thousands, except per share data)202320222021
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$163,615 $156,386 $141,708 
Dividends and undistributed earnings allocated to participating securities(2,453)(2,565)(2,698)
Basic net earnings available to common stockholders161,162 153,821 139,010 
Undistributed earnings allocated to nonvested restricted stockholders2,372 2,468 2,575 
Reallocation of undistributed earnings to nonvested restricted stockholders(2,364)(2,468)(2,573)
Diluted net earnings available to common stockholders$161,170 $153,821 $139,012 
Total weighted-average basic common shares outstanding26,833,079 29,227,071 31,729,596 
Effect of dilutive securities(1)
Performance share units92,527 5,176 21,926 
Total effect of dilutive securities92,527 5,176 21,926 
Total weighted-average diluted common shares outstanding26,925,606 29,232,247 31,751,522 
Net earnings per common share:
Basic earnings per common share$6.01 $5.26 $4.38 
Diluted earnings per common share(2)
$5.99 $5.26 $4.38 
(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 fiscal years ended September 30, 2023, 2022, and 2021, respectively, were 408,477, 487,476, and 615,811 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.