Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.23.1
Earnings Per Share (Tables)
6 Months Ended
Mar. 31, 2023
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):

 

 

 

Three Months Ended March 31, 2023

 

 

Six Months Ended March 31,
2023

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,558

 

 

$

15,358

 

 

$

3,402

 

 

$

21,904

 

Less: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

1,558

 

 

$

15,358

 

 

$

3,402

 

 

$

21,904

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

3,143,911

 

 

 

3,134,540

 

 

 

3,101,007

 

 

 

3,148,059

 

Basic earnings per share

 

$

0.50

 

 

$

4.90

 

 

$

1.10

 

 

$

6.96

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

1,558

 

 

$

15,358

 

 

$

3,402

 

 

$

21,904

 

Add: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable for diluted earnings per share

 

$

1,558

 

 

$

15,358

 

 

$

3,402

 

 

$

21,904

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

3,143,911

 

 

 

3,134,540

 

 

 

3,101,007

 

 

 

3,148,059

 

Add: Options

 

 

40,832

 

 

 

38,102

 

 

 

36,379

 

 

 

38,825

 

Add: Series B Preferred Stock

 

 

 

 

 

 

 

 

 

 

 

 

Add: Series B Preferred Stock Warrants

 

 

 

 

 

 

 

 

 

 

 

 

Add: Series E Preferred Stock

 

 

239

 

 

 

239

 

 

 

239

 

 

 

239

 

Assumed weighted average common shares outstanding

 

 

3,184,982

 

 

 

3,172,881

 

 

 

3,137,625

 

 

 

3,187,123

 

Diluted earnings per share

 

$

0.49

 

 

$

4.84

 

 

$

1.08

 

 

$

6.87