The Company has granted restricted share awards with dividend rights that are considered to be participating securities. Accordingly, a portion of the Company’s earnings is allocated to those participating securities in the earnings per share calculation under the two-class method. Basic EPS is computed using the two-class method by dividing income available to common stockholders after the allocation of dividends and undistributed earnings to the participating securities by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated using the more dilutive of the two-class method or the treasury stock method. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, and is computed after giving consideration to the weighted average dilutive effect upon vesting of performance share units ("PSUs") and restricted stock grants, and after the allocation of earnings to the participating securities. Antidilutive securities are disregarded in earnings per share calculations. Diluted EPS shown below reflects the two-class method, as diluted EPS under the two-class method was more dilutive than under the treasury stock method.


	Three Months Ended June 30,				Nine Months Ended June 30,
(Dollars in thousands, except per share data)	2026		2025		2026		2025
Basic income per common share:
Net income attributable to Pathward Financial, Inc.	$	28,969	$	42,147	$	137,045	$	147,069
Dividends and undistributed earnings allocated to participating securities	(29)		(152)		(155)		(553)
Basic net earnings available to common stockholders	28,940		41,995		136,890		146,516
Undistributed earnings allocated to nonvested restricted stockholders	28		148		151		540
Reallocation of undistributed earnings to nonvested restricted stockholders	(27)		(147)		(150)		(537)


Diluted net earnings available to common stockholders	$	28,941	$	41,996	$	136,891	$	146,519

Total weighted-average basic common shares outstanding	21,065,733		23,006,454		21,665,670		23,629,565
Effect of dilutive securities(1)
PSUs	100,093		133,670		107,922		115,521

Total effect of dilutive securities	100,093		133,670		107,922		115,521
Total weighted-average diluted common shares outstanding	21,165,826		23,140,124		21,773,592		23,745,086

Net earnings per common share:
Basic earnings per common share	$	1.37	$	1.83	$	6.32	$	6.20
Diluted earnings per common share(2)	$	1.37	$	1.81	$	6.29	$	6.17

(2) Excluded from the computation of diluted earnings per share for the three months ended June 30, 2026 and 2025, respectively, were 20,794 and 83,151 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the nine months ended June 30, 2026 and 2025, respectively, were 24,490 and 89,175 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.