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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME        
Loans receivable $ 141,061 $ 126,529 $ 278,126 $ 251,040
Mortgage-backed securities 19,343 17,667 38,535 34,566
Investment securities and cash equivalents 7,178 4,883 13,543 9,253
Interest income 167,582 149,079 330,204 294,859
INTEREST EXPENSE        
Customer accounts 29,666 16,414 56,245 31,052
FHLB advances 17,846 15,364 34,737 30,771
Interest expense 47,512 31,778 90,982 61,823
Net interest income 120,070 117,301 239,222 233,036
Provision (release) for loan losses 750 (950) 250 (950)
Net interest income after provision (release) 119,320 118,251 238,972 233,986
OTHER INCOME        
Gain (loss) on sale of investment securities 0 0 (9) 0
FDIC loss share valuation adjustments 0 0 0 (8,550)
Loan fee income 667 780 1,637 1,815
Deposit fee income 5,886 6,403 12,129 13,089
Other income 6,257 5,404 18,062 13,028
Other income, total 12,810 12,587 31,819 19,382
OTHER EXPENSE        
Compensation and benefits 32,774 31,625 66,657 61,244
Occupancy 9,830 9,013 19,098 17,684
FDIC insurance premiums 1,978 2,852 4,840 5,672
Product delivery 3,545 3,665 7,566 7,621
Information technology 8,755 8,781 17,795 16,710
Other expense 11,085 9,851 23,683 18,797
Other expense, total 67,967 65,787 139,639 127,728
Gain (loss) on real estate owned, net 808 (278) 1,128 (232)
Income before income taxes 64,971 64,773 132,280 125,408
Income tax expense 13,873 15,502 28,240 24,467
NET INCOME $ 51,098 $ 49,271 $ 104,040 $ 100,941
PER SHARE DATA        
Basic earnings per share (in dollars per share) $ 0.63 $ 0.58 $ 1.28 $ 1.17
Diluted earnings per share (in dollars per share) 0.63 0.57 1.28 1.17
Dividends paid on common stock per share (in dollars per share) $ 0.2 $ 0.17 $ 0.38 $ 0.32
Basic weighted average number of shares outstanding (in shares) 80,968,050 85,647,494 81,384,456 86,299,885
Diluted weighted average number of shares outstanding (in shares) 80,990,126 85,747,167 81,415,697 86,422,077