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Selected Quarterly Financial Data - Unaudited (Tables)
12 Months Ended
Dec. 31, 2019
Selected Quarterly Financial Data - Unaudited  
Summary of quarterly financial data

Summarized quarterly financial data for 2019 and 2018 is as follows ($ in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

    

December 31, 2019

    

September 30, 2019

    

June 30, 2019

    

March 31, 2019

Net interest income

 

$

33,797

 

$

32,445

 

$

33,887

 

$

29,412

Total other revenue

 

 

62,365

 

 

62,558

 

 

50,072

 

 

44,848

Total other expenses

 

 

41,670

 

 

48,882

 

 

45,471

 

 

46,287

Income before extinguishment of debt, income from equity affiliates and income taxes

 

 

54,492

 

 

46,121

 

 

38,488

 

 

27,973

Loss on extinguishment of debt

 

 

(7,311)

 

 

 —

 

 

 —

 

 

(128)

Income  from equity affiliates

 

 

1,502

 

 

3,718

 

 

3,264

 

 

2,151

(Provision for) benefit from income taxes

 

 

(4,072)

 

 

(6,623)

 

 

(4,350)

 

 

10

Net income

 

 

44,611

 

 

43,216

 

 

37,402

 

 

30,006

Preferred stock dividends

 

 

1,888

 

 

1,888

 

 

1,888

 

 

1,888

Net income attributable to noncontrolling interest

 

 

7,181

 

 

7,363

 

 

6,598

 

 

5,468

Net income attributable to common stockholders

 

$

35,542

 

$

33,965

 

$

28,916

 

$

22,650

Basic earnings per common share (1)

 

$

0.35

 

$

0.36

 

$

0.32

 

$

0.27

Diluted earnings per common share (1)

 

$

0.34

 

$

0.35

 

$

0.31

 

$

0.26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

    

December 31, 2018

    

September 30, 2018

    

June 30, 2018

    

March 31, 2018

Net interest income

 

$

30,361

 

$

27,952

 

$

21,411

 

$

18,225

Total other revenue

 

 

77,464

 

 

55,580

 

 

46,923

 

 

53,162

Total other expenses

 

 

50,255

 

 

34,739

 

 

40,610

 

 

43,849

Income before extinguishment of debt, income from equity affiliates and income taxes

 

 

57,570

 

 

48,793

 

 

27,724

 

 

27,538

Loss on extinguishment of debt

 

 

(82)

 

 

(4,960)

 

 

 —

 

 

 —

Income (loss)  from equity affiliates

 

 

91

 

 

(1,028)

 

 

1,387

 

 

746

(Provision for) benefit from  income taxes

 

 

(8,635)

 

 

(5,381)

 

 

(4,499)

 

 

8,784

Net income

 

 

48,944

 

 

37,424

 

 

24,612

 

 

37,068

Preferred stock dividends

 

 

1,888

 

 

1,888

 

 

1,888

 

 

1,888

Net income attributable to noncontrolling interest

 

 

9,838

 

 

7,799

 

 

5,557

 

 

8,991

Net income attributable to common stockholders

 

$

37,218

 

$

27,737

 

$

17,167

 

$

26,189

Basic earnings per common share (1)

 

$

0.48

 

$

0.37

 

$

0.26

 

$

0.42

Diluted earnings per common share (1)

 

$

0.47

 

$

0.36

 

$

0.25

 

$

0.42


(1)

The sum of the quarterly amounts may not equal amounts reported for year-to-date periods, due to the effects of rounding for each period.