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EARNINGS PER COMMON SHARE ("EPS") (Tables)
9 Months Ended
Jun. 30, 2024
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)2024202320242023
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$41,835 $45,096 $134,760 $127,709 
Dividends and undistributed earnings allocated to participating securities(432)(690)(1,181)(1,920)
Basic net earnings available to common stockholders41,403 44,406 133,579 125,789 
Undistributed earnings allocated to nonvested restricted stockholders419 670 1,148 1,858 
Reallocation of undistributed earnings to nonvested restricted stockholders(419)(667)(1,146)(1,852)
Diluted net earnings available to common stockholders$41,403 $44,409 $133,580 $125,795 
Total weighted-average basic common shares outstanding24,946,085 26,346,693 25,335,621 27,152,773 
Effect of dilutive securities(1)
Performance share units33,733 100,339 29,021 86,028 
Total effect of dilutive securities33,733 100,339 29,021 86,028 
Total weighted-average diluted common shares outstanding24,979,818 26,447,032 25,364,642 27,238,801 
Net earnings per common share:
Basic earnings per common share$1.66 $1.69 $5.27 $4.63 
Diluted earnings per common share(2)
$1.66 $1.68 $5.27 $4.62 
(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, 2024 and 2023, respectively, were 260,415 and 409,666 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, 2024 and 2023, respectively, were 224,035 and 414,539 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.