Computation of Basic and Diluted Net Earnings Per Share |
The following table presents the computation of basic and diluted net earnings per share (in $000's):
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Three Months Ended March 31, |
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For the Six Months Ended March 31, |
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2022 |
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2021 |
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2022 |
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2021 |
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Basic |
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Net income |
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$ |
15,358 |
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$ |
8,734 |
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$ |
21,904 |
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$ |
14,147 |
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Less: preferred stock dividends |
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— |
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— |
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— |
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— |
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Net income applicable to common stock |
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$ |
15,358 |
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$ |
8,734 |
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$ |
21,904 |
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$ |
14,147 |
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Weighted average common shares outstanding |
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3,134,540 |
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1,555,175 |
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3,148,059 |
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1,534,287 |
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Basic earnings per share |
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$ |
4.90 |
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$ |
5.62 |
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$ |
6.96 |
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$ |
9.22 |
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Diluted |
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Net income applicable to common stock |
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$ |
15,358 |
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$ |
8,734 |
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$ |
21,904 |
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$ |
14,147 |
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Add: preferred stock dividends |
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— |
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— |
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— |
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— |
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Net income applicable for diluted earnings per share |
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$ |
15,358 |
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$ |
8,734 |
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$ |
21,904 |
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$ |
14,147 |
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Weighted average common shares outstanding |
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3,134,540 |
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1,555,175 |
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3,148,059 |
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1,534,287 |
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Add: Options |
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38,102 |
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87,168 |
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38,825 |
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87,168 |
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Add: Series B Preferred Stock |
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— |
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1,593,950 |
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— |
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1,593,950 |
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Add: Series E Preferred Stock |
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239 |
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47,840 |
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239 |
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47,840 |
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Assumed weighted average common shares outstanding |
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3,172,881 |
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3,284,133 |
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3,187,124 |
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3,263,245 |
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Diluted earnings per share |
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$ |
4.84 |
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$ |
2.66 |
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$ |
6.87 |
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$ |
4.34 |
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