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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Loans receivable $ 145,490,000 $ 131,541,000 $ 423,616,000 $ 382,581,000
Mortgage-backed securities 18,719,000 18,022,000 57,254,000 52,588,000
Investment securities and cash equivalents 7,617,000 5,509,000 21,160,000 14,762,000
Interest income 171,826,000 155,072,000 502,030,000 449,931,000
INTEREST EXPENSE        
Customer accounts 32,331,000 18,887,000 88,576,000 49,939,000
FHLB advances 17,829,000 16,333,000 52,566,000 47,104,000
Interest expense 50,160,000 35,220,000 141,142,000 97,043,000
Net interest income 121,666,000 119,852,000 360,888,000 352,888,000
Provision (release) for loan losses 0 1,000,000 250,000 50,000
Net interest income after provision (release) 121,666,000 118,852,000 360,638,000 352,838,000
OTHER INCOME        
Gain (loss) on sale of investment securities 0 0 (9,000) 0
FDIC loss share valuation adjustments 0 0 0 (8,550,000)
Loan fee income 1,334,000 1,094,000 2,971,000 2,909,000
Deposit fee income 6,258,000 6,411,000 18,387,000 19,500,000
Other income 6,450,000 4,946,000 24,512,000 17,974,000
Other income, total 14,042,000 12,451,000 45,861,000 31,833,000
OTHER EXPENSE        
Compensation and benefits 34,297,000 31,223,000 100,954,000 92,467,000
Occupancy 9,684,000 9,095,000 28,782,000 26,779,000
FDIC insurance premiums 2,559,000 2,950,000 7,399,000 8,622,000
Product delivery 3,912,000 4,356,000 11,478,000 11,977,000
Information technology 9,935,000 10,118,000 27,730,000 26,828,000
Other expense 10,511,000 9,235,000 34,194,000 28,032,000
Other expense, total 70,898,000 66,977,000 210,537,000 194,705,000
Gain (loss) on real estate owned, net 353,000 168,000 1,481,000 (64,000)
Income before income taxes 65,163,000 64,494,000 197,443,000 189,902,000
Income tax expense 11,309,000 13,100,000 39,549,000 37,567,000
NET INCOME $ 53,854,000 $ 51,394,000 $ 157,894,000 $ 152,335,000
PER SHARE DATA        
Basic earnings per share (in dollars per share) $ 0.67 $ 0.61 $ 1.95 $ 1.78
Diluted earnings per share (in dollars per share) 0.67 0.61 1.95 1.78
Dividends paid on common stock per share (in dollars per share) $ 0.20 $ 0.17 $ 0.58 $ 0.49
Basic weighted average number of shares outstanding (in shares) 79,976,574 84,168,992 80,915,162 85,589,588
Diluted weighted average number of shares outstanding (in shares) 79,992,356 84,252,659 80,941,617 85,698,888