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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest income        
Loans $ 113,356 $ 123,432 $ 232,787 $ 245,763
Investment securities 11,329 9,957 22,827 19,145
Federal funds sold and other 558 497 1,166 1,039
Total interest income 125,243 133,886 256,780 265,947
Interest expense        
Deposits 18,867 27,098 40,807 50,892
FHLB advances and other borrowings 3,155 1,923 6,268 3,926
Subordinated debentures and subordinated notes payable 1,238 1,390 2,549 2,760
Total interest expense 23,260 30,411 49,624 57,578
Net interest income 101,983 103,475 207,156 208,369
Provision for loan and lease losses 71,795 7,673 79,898 12,888
Net interest income after provision for loan and lease losses 30,188 95,802 127,258 195,481
Noninterest income        
Service charges and other fees 9,188 10,209 20,597 21,897
Wealth management fees 3,122 2,117 6,086 4,358
Mortgage banking income, net 1,145 991 2,757 2,311
Net loss on sale of securities 0 0 0 (513)
Net increase in fair value of loans at fair value 35,541 14,018 20,608 33,234
Net realized and unrealized loss on derivatives (50,214) (11,032) (36,698) (29,348)
Other 1,135 1,920 2,300 3,004
Total noninterest (loss) income (83) 18,223 15,650 34,943
Noninterest expense        
Salaries and employee benefits 37,312 34,537 73,217 69,307
Data processing and communication 6,123 5,964 11,896 11,242
Occupancy and equipment 5,597 5,539 10,690 10,665
Professional fees 5,263 3,970 9,027 7,258
Advertising 958 1,216 1,823 2,154
Net loss on repossessed property and other related expenses 5,691 404 6,033 3,467
Goodwill and intangible assets impairment 742,352 0 742,352 0
Other 5,157 4,950 10,345 9,593
Total noninterest expense 808,453 56,580 865,383 113,686
(Loss) income before income taxes (778,348) 57,445 (722,475) 116,738
(Benefit from) provision for income taxes (37,730) 12,934 (25,131) 26,441
Net (loss) income $ (740,618) $ 44,511 $ (697,344) $ 90,297
Basic earnings per common share        
Weighted average shares outstanding (in shares) 55,906,002 56,994,817 56,141,816 57,484,838
Earnings per share (in dollars per share) $ (13.25) $ 0.78 $ (12.42) $ 1.57
Diluted earnings per common share        
Weighted average shares outstanding (in shares) 55,906,002 57,074,674 56,141,816 57,556,984
Diluted earnings per share (in dollars per share) $ (13.25) $ 0.78 $ (12.42) $ 1.57
Dividends per share        
Dividends paid $ 16,769 $ 14,235 $ 33,654 $ 28,771
Dividends per share (in dollars per share) $ 0.30 $ 0.25 $ 0.60 $ 0.50