Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.22.1
Earnings Per Share (Tables)
6 Months Ended
Mar. 31, 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):

 

 

 

Three Months Ended March 31,

 

 

For the Six Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

15,358

 

 

$

8,734

 

 

$

21,904

 

 

$

14,147

 

Less: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

15,358

 

 

$

8,734

 

 

$

21,904

 

 

$

14,147

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

3,134,540

 

 

 

1,555,175

 

 

 

3,148,059

 

 

 

1,534,287

 

Basic earnings per share

 

$

4.90

 

 

$

5.62

 

 

$

6.96

 

 

$

9.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

15,358

 

 

$

8,734

 

 

$

21,904

 

 

$

14,147

 

Add: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable for diluted earnings per share

 

$

15,358

 

 

$

8,734

 

 

$

21,904

 

 

$

14,147

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

3,134,540

 

 

 

1,555,175

 

 

 

3,148,059

 

 

 

1,534,287

 

Add: Options

 

 

38,102

 

 

 

87,168

 

 

 

38,825

 

 

 

87,168

 

Add: Series B Preferred Stock

 

 

 

 

 

1,593,950

 

 

 

 

 

 

1,593,950

 

Add: Series E Preferred Stock

 

 

239

 

 

 

47,840

 

 

 

239

 

 

 

47,840

 

Assumed weighted average common shares outstanding

 

 

3,172,881

 

 

 

3,284,133

 

 

 

3,187,124

 

 

 

3,263,245

 

Diluted earnings per share

 

$

4.84

 

 

$

2.66

 

 

$

6.87

 

 

$

4.34