Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.22.2
Earnings Per Share (Tables)
9 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
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):

 

 

 

For the three months ended June 30,

 

 

For the nine months ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

3,472

 

 

$

9,938

 

 

$

25,376

 

 

$

24,085

 

Less: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

3,472

 

 

$

9,938

 

 

$

25,376

 

 

$

24,085

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

3,090,321

 

 

 

1,566,064

 

 

 

3,128,813

 

 

 

1,563,025

 

Basic earnings per share

 

$

1.12

 

 

$

6.35

 

 

$

8.11

 

 

$

15.41

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

3,472

 

 

$

9,938

 

 

$

25,376

 

 

$

24,085

 

Add: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable for diluted earnings per share

 

$

3,472

 

 

$

9,938

 

 

$

25,376

 

 

$

24,085

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

3,090,321

 

 

 

1,566,064

 

 

 

3,128,813

 

 

 

1,563,025

 

Add: Options

 

 

40,365

 

 

 

105,000

 

 

 

40,206

 

 

 

105,000

 

Add: Series B Preferred Stock

 

 

 

 

 

1,578,950

 

 

 

 

 

 

1,578,950

 

Add: Series E Preferred Stock

 

 

239

 

 

 

47,840

 

 

 

239

 

 

 

47,840

 

Assumed weighted average common shares outstanding

 

 

3,130,925

 

 

 

3,297,854

 

 

 

3,169,258

 

 

 

3,294,815

 

Diluted earnings per share

 

$

1.11

 

 

$

3.01

 

 

$

8.01

 

 

$

7.31