Earnings Per Share

12 Months Ended

Sep. 30, 2024

EARNINGS PER SHARE

Shares acquired by the ESOP are not included in basic average shares outstanding until the shares are committed for allocation or vested to an employee's individual account. Unvested shares awarded pursuant to the Company's restricted stock benefit plans are treated as participating securities in the computation of EPS pursuant to the two-class method as they contain nonforfeitable rights to dividends. The two-class method is an earnings allocation that determines EPS for each class of common stock and participating security.



	2024		2023		2022
	(Dollars in thousands, except per share amounts)
Net income	$	38,010	$	(101,659)	$	84,453
Income allocated to participating securities	(33)		51		(45)
Net income available to common stockholders	$	37,977	$	(101,608)	$	84,408

Total basic average common shares outstanding	130,670,780		133,556,864		135,700,447
Effect of dilutive stock options	—		—		—
Total diluted average common shares outstanding	130,670,780		133,556,864		135,700,447

Net EPS:
Basic	$	0.29	$	(0.76)	$	0.62
Diluted	$	0.29	$	(0.76)	$	0.62

Antidilutive stock options, excluded from the diluted average
common shares outstanding calculation	326,308		369,421		516,603