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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Interest income      
Loans $ 449,536 $ 498,935 $ 451,290
Investment securities 42,653 41,510 29,171
Federal funds sold and other 1,383 2,472 1,376
Total interest income 493,572 542,917 481,837
Interest expense      
Deposits 58,603 106,718 60,112
FHLB advances and other borrowings 11,028 9,951 8,848
Subordinated debentures and subordinated notes payable 4,516 5,540 5,040
Total interest expense 74,147 122,209 74,000
Net interest income 419,425 420,708 407,837
Provision for loan and lease losses 118,392 40,947 17,986
Net interest income after provision for loan and lease losses 301,033 379,761 389,851
Noninterest income      
Service charges and other fees 37,741 43,893 51,077
Wealth management fees 11,772 8,914 9,219
Mortgage banking income, net 8,959 4,848 5,842
Net gain (loss) on sale of securities 7,890 (178) 6
Net (decrease) increase in fair value of loans at fair value (32,529) 61,412 (45,407)
Net realized and unrealized (loss) gain on derivatives (38,439) (63,444) 44,596
Other 4,623 5,287 8,276
Total noninterest income 17 60,732 73,609
Noninterest expense      
Salaries and employee benefits 149,441 136,305 135,352
Data processing and communication 24,455 24,077 29,805
Occupancy and equipment 21,273 20,784 20,330
Professional fees 21,961 14,579 17,891
Advertising 3,396 4,493 4,507
Net loss on repossessed property and other related expenses 12,858 4,367 4,369
Goodwill and intangible assets impairment 742,352 0 0
Other 31,632 20,293 19,171
Total noninterest expense 1,007,368 224,898 231,425
(Loss) income before income taxes (706,318) 215,595 232,035
(Benefit from) provision for income taxes (25,510) 48,230 74,119
Net income $ (680,808) $ 167,365 $ 157,916
Basic earnings per common share      
Weighted average shares outstanding, basic (in shares) 55,612,251 57,154,865 58,938,169
Basic earnings per share (in dollars per share) $ (12.24) $ 2.93 $ 2.68
Diluted earnings per common share      
Weighted average shares outstanding, diluted (in shares) 55,612,251 57,257,061 59,131,650
Diluted earnings per share (in dollars per share) $ (12.24) $ 2.92 $ 2.67
Dividends per share      
Dividends paid $ 42,456 $ 62,904 $ 53,002
Dividends per share (in dollars per share) $ 0.76 $ 1.10 $ 0.90