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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly Financial Data (Unaudited)

Note T –Quarterly Financial Data (Unaudited)



The following represents summarized quarterly financial data of the Company which, in the opinion of management, reflects all adjustments (comprised of normal accruals) necessary for fair presentation.

Quarterly amounts shown may not equal annual amounts due to rounding.





 

 

 

 

 

 

 

 



 

Three months ended

2019

 

March 31,

 

June 30,

 

September 30,

 

December 31,



 

(in thousands, except per share data)



 

 

 

 

 

 

 

 

Interest income

 

$                 43,578 

 

$                 44,080 

 

$                 48,375 

 

$                 43,536 

Net interest income

 

34,010 

 

34,539 

 

37,560 

 

35,179 

Provision for loan and lease losses

 

1,700 

 

600 

 

650 

 

1,450 

Non-interest income

 

30,365 

 

19,749 

 

33,515 

 

20,498 

Non-interest expense

 

39,229 

 

39,519 

 

42,051 

 

47,722 

Income from continuing operations before income tax expense

 

23,446 

 

14,169 

 

28,374 

 

6,505 

Income tax expense

 

6,035 

 

3,575 

 

7,975 

 

3,641 

Net income from continuing operations

 

17,411 

 

10,594 

 

20,399 

 

2,864 

Net income (loss) from discontinued operations, net of tax

 

519 

 

756 

 

26 

 

(1,010)

Net income available to common shareholders

 

$                 17,930 

 

$                 11,350 

 

$                 20,425 

 

$                   1,854 



 

 

 

 

 

 

 

 

Net earnings per share from continuing operations - basic

 

$                     0.31 

 

$                     0.19 

 

$                     0.36 

 

$                     0.05 

Net earnings (loss) per share from discontinued operations - basic

 

$                     0.01 

 

$                     0.01 

 

$                           - 

 

$                    (0.02)

Net earnings per share - basic

 

$                     0.32 

 

$                     0.20 

 

$                     0.36 

 

$                     0.03 



 

 

 

 

 

 

 

 

Net earnings per share from continuing operations - diluted

 

$                     0.31 

 

$                     0.19 

 

$                     0.36 

 

$                     0.05 

Net earnings (loss) per share from discontinued operations - diluted

 

$                     0.01 

 

$                     0.01 

 

$                           - 

 

$                    (0.02)

Net earnings per share - diluted

 

$                     0.32 

 

$                     0.20 

 

$                     0.36 

 

$                     0.03 









 

 

 

 

 

 

 

 



 

Three months ended

2018

 

March 31,

 

June 30,

 

September 30,

 

December 31,



 

(in thousands, except per share data)



 

 

 

 

 

 

 

 

Interest income

 

$                 35,307 

 

$                 35,360 

 

$                 38,656 

 

$                 38,637 

Net interest income

 

30,074 

 

29,534 

 

30,632 

 

30,609 

Provision for loan and lease losses

 

700 

 

900 

 

1,060 

 

925 

Non-interest income

 

29,095 

 

17,040 

 

90,970 

 

16,690 

Non-interest expense

 

39,049 

 

37,310 

 

37,299 

 

37,620 

Income from continuing operations before income tax expense

 

19,420 

 

8,364 

 

83,243 

 

8,754 

Income tax expense

 

5,399 

 

2,209 

 

21,942 

 

2,691 

Net income from continuing operations

 

14,021 

 

6,155 

 

61,301 

 

6,063 

Net income (loss) from discontinued operations, net of tax

 

119 

 

(14)

 

(24)

 

1,056 

Net income available to common shareholders

 

$                 14,140 

 

$                   6,141 

 

$                 61,277 

 

$                   7,119 



 

 

 

 

 

 

 

 

Net earnings per share from continuing operations - basic

 

$                     0.25 

 

$                     0.11 

 

$                     1.09 

 

$                     0.11 

Net earnings per share from discontinued operations - basic

 

$                           - 

 

$                           - 

 

$                           - 

 

$                     0.02 

Net earnings per share - basic

 

$                     0.25 

 

$                     0.11 

 

$                     1.09 

 

$                     0.13 



 

 

 

 

 

 

 

 

Net earnings per share from continuing operations - diluted

 

$                     0.25 

 

$                     0.11 

 

$                     1.07 

 

$                     0.11 

Net earnings per share from discontinued operations - diluted

 

$                           - 

 

$                           - 

 

$                           - 

 

$                     0.02 

Net earnings per share - diluted

 

$                     0.25 

 

$                     0.11 

 

$                     1.07 

 

$                     0.13