Note 11 - Income Per Common Share

6 Months Ended

Apr. 30, 2023

Statement Line Items [Line Items]

Disclosure of earnings per share [text block]

11. Income per common share:

(thousands of Canadian dollars)
	for the three months ended						for the six months ended
	April 30			April 30			April 30			April 30
	2023			2022			2023			2022
Net income	$	10,263		$	4,943		$	19,680		$	10,509
Less: dividends on preferred shares		(247	)		(247	)		(494	)		(494	)
		10,016			4,696			19,186			10,015
Weighted average number of common shares outstanding		26,170,621			27,441,082			26,605,052			27,441,082
Income per common share:	$	0.38		$	0.17		$	0.72		$	0.36

Common shares associated with the Series 1 NVCC preferred shares are contingently issuable shares and would only have a dilutive impact upon issuance. There are 40,000 outstanding employee stock options that are dilutive; however, the impact on the Bank’s income per share calculation is de minimis.