EARNINGS PER SHARE (Tables)

6 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table presents the computation of basic and diluted earnings per common share.

	Three months ended March 31,				Six months ended March 31,
in millions, except per share amounts	2020		2019		2020			2019
Income for basic earnings per common share:
Net income	$	169	$	261	$	437		$	510
Less allocation of earnings and dividends to participating securities	—		—		(1		)	—
Net income attributable to RJF common shareholders	$	169	$	261	$	436		$	510
Income for diluted earnings per common share:
Net income	$	169	$	261	$	437		$	510
Less allocation of earnings and dividends to participating securities	—		—		(1		)	—
Net income attributable to RJF common shareholders	$	169	$	261	$	436		$	510
Common shares:
Average common shares in basic computation	138.4		140.8		138.4			142.5
Dilutive effect of outstanding stock options and certain RSUs	2.7		3.1		2.9			2.9
Average common shares used in diluted computation	141.1		143.9		141.3			145.4
Earnings per common share:
Basic	$	1.22	$	1.85	$	3.15		$	3.58
Diluted	$	1.20	$	1.81	$	3.09		$	3.51
Stock options and certain RSUs excluded from weighted-average diluted common shares because their effect would be antidilutive	0.7		0.5		0.6			1.6

Dividends per Common Share Declared and Paid

Dividends per common share declared and paid are detailed in the following table for each respective period.

	Three months ended March 31,				Six months ended March 31,
	2020		2019		2020		2019
Dividends per common share - declared	$	0.37	$	0.34	$	0.74	$	0.68
Dividends per common share - paid	$	0.37	$	0.34	$	0.71	$	0.64