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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME        
Loans receivable $ 138,549 $ 141,061 $ 280,695 $ 278,126
Mortgage-backed securities 14,341 19,343 29,953 38,535
Investment securities and cash equivalents 6,728 7,178 13,794 13,543
Interest income 159,618 167,582 324,442 330,204
INTEREST EXPENSE        
Customer accounts 28,638 29,666 60,119 56,245
FHLB advances 13,368 17,846 27,026 34,737
Interest expense 42,006 47,512 87,145 90,982
Net interest income 117,612 120,070 237,297 239,222
Provision (release) for credit losses 6,200 750 5,200 250
Net interest income after provision (release) 111,412 119,320 232,097 238,972
OTHER INCOME        
Gain (loss) on sale of investment securities 15,028 0 15,028 (9)
Prepayment penalty on long-term debt (13,809) 0 (13,809) 0
Loan fee income 3,048 667 4,852 1,637
Other income 5,875 6,257 44,187 18,062
Other income, total 16,241 12,810 62,617 31,819
OTHER EXPENSE        
Compensation and benefits 38,617 32,774 75,248 66,657
Occupancy 10,913 9,830 21,048 19,098
FDIC insurance premiums 2,470 1,978 4,940 4,840
Product delivery 3,897 3,545 8,164 7,566
Information technology 11,501 8,755 28,608 17,795
Other expense 12,035 11,085 24,061 23,683
Other expense, total 79,433 67,967 162,069 139,639
Gain (loss) on real estate owned, net 31 808 (855) 1,128
Income before income taxes 48,251 64,971 131,790 132,280
Income tax expense 10,301 13,873 28,137 28,240
NET INCOME $ 37,950 $ 51,098 $ 103,653 $ 104,040
PER SHARE DATA        
Basic earnings per share (in dollars per share) $ 0.49 $ 0.63 $ 1.33 $ 1.28
Diluted earnings per share (in dollars per share) 0.49 0.63 1.33 1.28
Dividends paid on common stock per share (in dollars per share) $ 0.22 $ 0.20 $ 0.43 $ 0.38
Basic weighted average number of shares outstanding (in shares) 76,987,532 80,968,050 77,737,977 81,384,456
Diluted weighted average number of shares outstanding (in shares) 77,007,118 80,990,126 77,776,304 81,415,697
Deposit Account        
OTHER INCOME        
Deposit fee income $ 6,099 $ 5,886 $ 12,359 $ 12,129