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EARNINGS PER COMMON SHARE ("EPS")
 6 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE ("EPS") EARNINGS PER COMMON SHARE ("EPS")
The Company has granted restricted share awards with dividend rights that are considered to be participating securities. Accordingly, a portion of the Company’s earnings is allocated to those participating securities in the earnings per share calculation under the two-class method. Basic EPS is computed using the two-class method by dividing income available to common stockholders after the allocation of dividends and undistributed earnings to the participating securities by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated using the more dilutive of the two-class method or the treasury stock method. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, and is computed after giving consideration to the weighted average dilutive effect upon vesting of performance share units ("PSUs") and restricted stock grants, and after the allocation of earnings to the participating securities. Antidilutive securities are disregarded in earnings per share calculations. Diluted EPS shown below reflects the two-class method, as diluted EPS under the two-class method was more dilutive than under the treasury stock method.
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 March 31,Six Months Ended March 31,
(Dollars in thousands, except per share data)2025202420252024
(As Restated)(As Restated)
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$74,957 $69,918 $104,923 $104,817 
Dividends and undistributed earnings allocated to participating securities(264)(562)(402)(839)
Basic net earnings available to common stockholders74,693 69,356 104,521 103,978 
Undistributed earnings allocated to nonvested restricted stockholders260 552 393 819 
Reallocation of undistributed earnings to nonvested restricted stockholders(259)(551)(392)(818)
Diluted net earnings available to common stockholders$74,694 $69,357 $104,522 $103,979 
Total weighted-average basic common shares outstanding23,657,145 25,281,743 23,941,980 25,529,186 
Effect of dilutive securities(1)
PSUs118,878 29,401 97,040 26,470 
Total effect of dilutive securities118,878 29,401 97,040 26,470 
Total weighted-average diluted common shares outstanding23,776,023 25,311,144 24,039,020 25,555,656 
Net earnings per common share:
Basic earnings per common share$3.16 $2.74 $4.37 $4.07 
Diluted earnings per common share(2)
$3.14 $2.74 $4.35 $4.07 
(1) Represents the effect of the assumed vesting of PSUs 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 March 31, 2025 and 2024, respectively, were 83,665 and 204,877 weighted average share of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2025 and 2024, respectively, were 92,172 and 206,060 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.