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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME        
Loans receivable $ 222,957 $ 139,260 $ 426,903 $ 277,769
Mortgage-backed securities 10,422 4,659 21,035 9,451
Investment securities and cash equivalents 21,967 6,919 40,827 14,058
Interest income 255,346 150,838 488,765 301,278
INTEREST EXPENSE        
Customer accounts 52,123 8,225 83,769 16,686
Borrowings 28,185 7,525 47,159 15,368
Interest expense 80,308 15,750 130,928 32,054
Net interest income 175,038 135,088 357,837 269,224
Provision (release) for credit losses 3,500 (500) 6,000 0
Net interest income after provision (release) 171,538 135,588 351,837 269,224
OTHER INCOME        
Gain (loss) on sale of investment securities 0 0 0 81
Gain (loss) on hedging derivatives 26 0 26 0
Loan fee income $ 652 $ 2,475 $ 2,154 $ 4,396
Revenue, Product and Service [Extensible Enumeration] Deposit Account [Member] Deposit Account [Member] Deposit Account [Member] Deposit Account [Member]
Deposit fee income $ 6,188 $ 6,282 $ 12,541 $ 12,725
Other income 3,206 6,902 9,375 17,138
Other income, total 10,072 15,659 24,096 34,340
OTHER EXPENSE        
Compensation and benefits 51,444 47,115 100,514 94,540
Occupancy 10,918 11,788 21,020 21,878
FDIC insurance premiums 4,000 2,100 7,675 5,200
Product delivery 5,316 5,044 9,937 9,765
Information technology 12,785 11,722 25,114 23,143
Other expense 12,418 10,648 24,899 23,504
Other expense, total 96,881 88,417 189,159 178,030
Gain (loss) on real estate owned, net (199) 129 (311) 691
Income before income taxes 84,530 62,959 186,463 126,225
Income tax expense 18,596 13,600 41,020 26,585
Net income 65,934 49,359 145,443 99,640
Dividends on preferred stock 3,656 3,656 7,312 7,312
Net income available to common shareholders $ 62,278 $ 45,703 $ 138,131 $ 92,328
PER SHARE DATA        
Basic earnings per common share (in dollars per share) $ 0.95 $ 0.70 $ 2.11 $ 1.41
Diluted earnings per common share (in dollars per share) 0.95 0.70 2.11 1.41
Dividends paid on common stock per share (in dollars per share) $ 0.25 $ 0.24 $ 0.49 $ 0.47
Basic weighted average number of shares outstanding (in shares) 65,511,131 65,301,171 65,425,623 65,253,991
Diluted weighted average number of shares outstanding (in shares) 65,551,185 65,445,206 65,510,275 65,397,601