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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME        
Loans receivable $ 126,529 $ 116,034 $ 251,040 $ 230,869
Mortgage-backed securities 17,667 16,226 34,566 29,015
Investment securities and cash equivalents 4,883 3,938 9,253 9,078
Interest income 149,079 136,198 294,859 268,962
INTEREST EXPENSE        
Customer accounts 16,414 12,392 31,052 25,409
FHLB advances 15,364 16,079 30,771 32,674
Interest expense 31,778 28,471 61,823 58,083
Net interest income 117,301 107,727 233,036 210,879
Provision (release) for loan losses (950) (1,600) (950) (1,600)
Net interest income after provision (release) for loan losses 118,251 109,327 233,986 212,479
OTHER INCOME        
Gain on sale of investment securities 0 0 0 968
FDIC loss share valuation adjustments 0 0 (8,550) 0
Loan fee income 780 1,087 1,815 2,421
Deposit fee income 6,403 4,904 13,089 10,089
Other income 5,404 4,145 13,028 8,554
Other income, total 12,587 10,136 19,382 22,032
OTHER EXPENSE        
Compensation and benefits 31,625 28,833 61,244 55,827
Occupancy 9,013 9,091 17,684 17,541
FDIC insurance premiums 2,852 2,910 5,672 5,749
Product delivery 3,665 3,489 7,621 6,850
Information technology 8,781 6,686 16,710 13,137
Other expense 9,851 6,458 18,797 12,704
Other expense, total 65,787 57,467 127,728 111,808
Gain (loss) on real estate owned, net (278) 795 (232) 1,193
Income before income taxes 64,773 62,791 125,408 123,896
Income tax expense 15,502 20,721 24,467 40,580
NET INCOME $ 49,271 $ 42,070 $ 100,941 $ 83,316
PER SHARE DATA        
Basic earnings per share (in dollars per share) $ 0.58 $ 0.47 $ 1.17 $ 0.93
Diluted earnings per share (in dollars per share) 0.57 0.47 1.17 0.93
Dividends paid on common stock per share (in dollars per share) $ 0.17 $ 0.4 $ 0.32 $ 0.54
Basic weighted average number of shares outstanding (in shares) 85,647,494 89,382,416 86,299,885 89,346,294
Diluted weighted average number of shares outstanding (in shares) 85,747,167 89,736,320 86,422,077 89,732,042