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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 139,095,000 $ 157,894,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, accretion and other, net 26,334,000 20,606,000
Stock-based compensation expense 5,019,000 4,061,000
Provision (release) for credit losses 15,250,000 250,000
Loss (gain) on sale of investment securities (15,028,000) 9,000
Net realized (gain) loss on sales of premises, equipment, and real estate owned (33,044,000) (9,098,000)
Impairment loss on premises and equipment 6,431,000 0
Prepayment penalty from repayment of borrowings 13,809,000 0
Decrease (increase) in accrued interest receivable (1,135,000) (709,000)
Decrease (increase) in federal and state income tax receivable 0 1,804,000
Decrease (increase) in cash surrender value of bank owned life insurance (4,253,000) (4,356,000)
Decrease (increase) in other assets (149,007,000) (23,046,000)
Increase (decrease) in federal and state income tax liabilities 2,773,000 1,232,000
Increase (decrease) in accrued expenses and other liabilities 105,420,000 20,055,000
Net cash provided by (used in) operating activities 111,664,000 168,702,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Origination of loans and principal repayments, net (832,183,000) (496,438,000)
Loans purchased (15,456,000) 0
FHLB & FRB stock purchased (323,200,000) (440,600,000)
FHLB & FRB stock redeemed 301,200,000 433,600,000
Available-for-sale securities purchased (684,292,000) (327,670,000)
Principal payments and maturities of available-for-sale securities 301,319,000 164,295,000
Proceeds from sales of available-for-sale securities 204,351,000 491,000
Principal payments and maturities of held-to-maturity securities 237,895,000 114,678,000
Proceeds from sales of real estate owned 2,339,000 8,484,000
Cash paid for acquisitions (2,810,000) 0
Proceeds from sales of premises and equipment 55,213,000 11,669,000
Premises and equipment purchased and REO improvements (22,641,000) (30,845,000)
Net cash provided by (used in) investing activities (778,265,000) (562,336,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in customer accounts 1,118,830,000 413,252,000
Proceeds from borrowings 8,080,000,000 11,015,000,000
Repayments of borrowings (7,543,809,000) (10,840,000,000)
Proceeds from stock-based awards 141,000 712,000
Dividends paid on common stock (49,935,000) (46,749,000)
Treasury stock purchased (112,129,000) (103,935,000)
Increase (decrease) in borrower advances related to taxes and insurance, net (27,415,000) (23,468,000)
Net cash provided by (used in) financing activities 1,465,683,000 414,812,000
Increase (decrease) in cash and cash equivalents 799,082,000 21,178,000
Cash, cash equivalents and restricted cash at beginning of period 419,158,000 268,650,000
Cash, cash equivalents and restricted cash at end of period 1,218,240,000 289,828,000
Non-cash investing activities    
Real estate acquired through foreclosure 1,329,000 1,669,000
Other personal property acquired through foreclosure 359,000 0
Non-cash financing activities    
Stock issued upon exercise of warrants 0 1,082,000
Cash paid during the period for    
Interest 119,022,000 143,740,000
Income taxes $ 23,863,000 $ 25,655,000