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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Loans $ 109,227 $ 126,392 $ 342,014 $ 372,156
Investment securities 10,532 11,430 33,359 30,575
Federal funds sold and other 112 377 1,278 1,416
Total interest income 119,871 138,199 376,651 404,147
Interest expense        
Deposits 10,011 28,615 50,818 79,507
FHLB advances and other borrowings 2,539 2,538 8,807 6,464
Subordinated debentures and subordinated notes payable 1,070 1,417 3,619 4,177
Total interest expense 13,620 32,570 63,244 90,148
Net interest income 106,251 105,629 313,407 313,999
Provision for loan and lease losses 21,641 26,077 101,539 38,965
Net interest income after provision for loan and lease losses 84,610 79,552 211,868 275,034
Noninterest income        
Service charges and other fees 7,731 10,321 28,328 32,219
Wealth management fees 2,773 2,234 8,859 6,592
Mortgage banking income, net 2,422 1,055 5,179 3,366
Net gain (loss) on sale of securities 0 322 0 (191)
Net (decrease) increase in fair value of loans at fair value (22,118) 16,429 (1,510) 49,662
Net realized and unrealized loss on derivatives (3,681) (20,904) (40,379) (50,252)
Other 1,190 1,309 3,490 4,313
Total noninterest (loss) income (11,683) 10,766 3,967 45,709
Noninterest expense        
Salaries and employee benefits 39,042 33,899 112,259 103,206
Data processing and communication 5,817 6,234 17,713 17,475
Occupancy and equipment 5,251 4,934 15,941 15,599
Professional fees 7,382 3,923 16,409 11,181
Advertising 750 1,145 2,573 3,299
Net loss on repossessed property and other related expenses 2,475 595 8,508 4,062
Goodwill and intangible assets impairment 0 0 742,352 0
Other 6,332 5,270 16,677 14,864
Total noninterest expense 67,049 56,000 932,432 169,686
Income (loss) before income taxes 5,878 34,318 (716,597) 151,057
Provision for (benefit from) income taxes 478 7,535 (24,653) 33,977
Net income (loss) $ 5,400 $ 26,783 $ (691,944) $ 117,080
Basic earnings per common share        
Weighted average shares outstanding (in shares) 55,082,621 56,995,007 55,788,751 57,321,561
Earnings per share (in dollars per share) $ 0.10 $ 0.47 $ (12.40) $ 2.04
Diluted earnings per common share        
Weighted average shares outstanding (in shares) 55,145,619 57,110,103 55,788,751 57,408,023
Diluted earnings per share (in dollars per share) $ 0.10 $ 0.47 $ (12.40) $ 2.04
Dividends per share        
Dividends paid $ 8,252 $ 17,081 $ 41,906 $ 45,852
Dividends per share (in dollars per share) $ 0.15 $ 0.30 $ 0.75 $ 0.80