XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Interest Income        
Loans $ 123,432 $ 109,993 $ 245,763 $ 217,674
Investment securities 9,957 7,013 19,145 14,055
Federal funds sold and other 497 227 1,039 458
Total interest income 133,886 117,233 265,947 232,187
Interest Expense        
Deposits 27,098 12,658 50,892 23,656
FHLB advances and other borrowings 1,923 2,815 3,926 4,978
Subordinated debentures and subordinated notes payable 1,390 1,207 2,760 2,377
Total interest expense 30,411 16,680 57,578 31,011
Net interest income 103,475 100,553 208,369 201,176
Provision for loan and lease losses 7,673 4,900 12,888 9,457
Net interest income after provision for loan and lease losses 95,802 95,653 195,481 191,719
Noninterest Income        
Service charges and other fees 10,209 12,047 21,897 25,224
Wealth management fees 2,117 2,335 4,358 4,519
Mortgage banking income, net 991 1,166 2,311 2,826
Net loss on sale of securities 0 (8) (513) (9)
Net increase (decrease) in fair value of loans at fair value 14,018 (14,838) 33,234 (23,502)
Net realized and unrealized (loss) gain on derivatives (11,032) 14,282 (29,348) 21,509
Other 1,920 3,758 3,004 4,849
Total noninterest income 18,223 18,742 34,943 35,416
Noninterest Expense        
Salaries and employee benefits 34,537 33,672 69,307 66,539
Data processing and communication 5,964 9,190 11,242 16,074
Occupancy and equipment 5,539 5,290 10,665 10,138
Professional fees 3,970 4,027 7,258 8,267
Advertising 1,216 1,121 2,154 2,181
Net loss on repossessed property and other related expenses 404 1,000 3,467 1,214
Other 4,950 4,844 9,593 9,599
Total noninterest expense 56,580 59,144 113,686 114,012
Income before income taxes 57,445 55,251 116,738 113,123
Provision for income taxes 12,934 14,719 26,441 43,361
Net income $ 44,511 $ 40,532 $ 90,297 $ 69,762
Basic earnings per common share        
Weighted average shares outstanding (in shares) 56,994,817 58,941,315 57,484,838 58,921,972
Earnings per share (in dollars per share) $ 0.78 $ 0.69 $ 1.57 $ 1.18
Diluted earnings per common share        
Weighted average shares outstanding (in shares) 57,074,674 59,146,117 57,556,984 59,116,923
Diluted earnings per share (in dollars per share) $ 0.78 $ 0.69 $ 1.57 $ 1.18
Dividends per share        
Dividends paid $ 14,235 $ 11,780 $ 28,771 $ 23,550
Dividends per share (in dollars per share) $ 0.25 $ 0.20 $ 0.50 $ 0.40