EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

5. EARNINGS PER SHARE

Basic earnings per share available to common shareholders is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding for each period. Diluted earnings per share available to common shareholders is calculated by dividing net income available to common shareholders by the sum of the weighted average number of common shares outstanding and the weighted average dilutive equity awards.

	For the three months ended March
	2024				2023
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		600,161		600,161		585,885		585,885
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		7,868		—		6,563
Weighted average number of shares outstanding		600,161		608,029		585,885		592,448
Net income available to common shareholders	$	539,543	$	539,543	$	2,065,574	$	2,065,574
Net earnings per share available to common shareholders	$	0.90	$	0.89	$	3.53	$	3.49

(1) Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.

	For the six months ended March
	2024				2023
	Basic		Diluted		Basic		Diluted
Weighted average number of common shares outstanding		597,879		597,879		583,725		583,725
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)		—		8,038		—		7,524
Weighted average number of shares outstanding		597,879		605,917		583,725		591,249
Net income available to common shareholders	$	1,610,504	$	1,610,504	$	4,694,575	$	4,694,575
Net earnings per share available to common shareholders	$	2.69	$	2.66	$	8.04	$	7.94

(1) Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.