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Financial Highlights

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 217,077 391,111 422,796 389,190 369,844
Interest Expense 54,046 142,948 136,720 85,000 59,499
Net Interest Income 163,031 248,163 286,076 304,190 310,345
FTE Net Interest Income 163,031 248,163 286,741 311,242 325,473
Provision for Loan Losses 28,360 36,387 30,215 13,699 5,271
Provision for Unfunded & Other Financial Losses NA NA NA NA NA
Provision for Credit Losses NA NA NA NA NA
Trading Account Income 0 0 0 0 0
Foreign Exchange Income NA NA NA NA NA
Trust Revenue 0 (3) 75 102 0
Service Charges on Deposits 3,818 5,982 6,315 6,492 5,147
Gain on Sale of Loans (FAS 140) (1,292) 7,872 1,932 11,942 35,895
Loan Fees & Charges 356 679 3,720 1,025 633
Bank-owned Life Insurance Revenue 1,798 2,292 2,176 2,339 2,341
Insurance Revenue 0 521 1,189 1,376 1,414
Investment Banking & Brokerage 0 0 0 0 1,507
Other Noninterest Income 4,852 356 4,128 6,626 15,965
Total Noninterest Income 9,532 17,699 19,535 29,902 62,902
Realized Gain on Securities 2,011 (5,583) 2,280 14,768 29,405
Nonrecurring Revenue 0 0 2,100 0 6,323
Compensation & Benefits 70,973 105,915 109,974 129,153 146,147
Occupancy & Equipment 21,790 31,308 31,847 38,391 34,797
Marketing and Promotion Expense 3,132 8,422 12,664 5,313 6,894
Professional Fees 15,707 12,212 33,652 42,417 30,373
Tech & Communications Expense 6,201 8,669 9,049 10,509 8,311
Amrt of Intang & Goodwill Impair 1,212 2,195 3,007 4,264 5,541
Foreclosure & Repo NA 185 (229) 284 127
Other Expense 11,784 22,745 30,190 72,611 71,025
Total Noninterest Expense 130,799 191,651 230,154 302,942 303,215
Nonrecurring Expense 29,284 4,263 2,631 5,326 0
Pre-Provision Net Revenue 41,764 74,211 76,122 38,202 85,160
Non-FTE Pre-Provision Net Revenue 41,764 74,211 75,457 31,150 70,032
Net Income before Taxes (14,237) 27,978 46,991 26,893 100,489
Provision for Taxes (5,108) 4,219 4,844 (26,581) 13,749
Effective Tax Rate(%) NM 15.08 10.31 (98.84) 13.68
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 3,325 4,235 28,676
Net Income (9,129) 23,759 45,472 57,709 115,416
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent (9,129) 23,759 45,472 57,709 115,416
Preferred Dividends 10,422 15,559 19,504 20,451 19,914
Other Preferred Dividends after Net Income 0 0 0 0 0
Other Changes to Net Income (282) (483) (811) (1,122) (3,033)
Net Income Avail to Common (19,265) 2,624 22,850 36,136 92,469
Net Income for Diluted EPS (19,265) 2,624 22,850 36,136 92,469
EPS after Extra($) (0.38) 0.05 0.45 0.71 1.94
EPS after Extra Growth(%) NM (88.90) (36.60) (63.40) 44.80
Pre-Provision Earnings per Share($) 0.45 0.71 0.73 (0.03) 0.47
Comprehensive Income
Net Income (9,129) 23,759 45,472 57,709 115,416
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 13,166 12,217 (29,840) 14,269 (6,047)
Comprehensive Income 4,037 35,976 15,632 71,978 109,369
Interest Income Earned On:
Interest Earned on Loans 191,195 333,934 329,937 288,123 296,996
Int Inc: Securities 22,402 48,134 83,567 99,742 79,527
Int Inc: Other Earn Assets 3,480 9,043 9,957 8,377 8,449
Int Inc: Secs & Oth Earn Assets 25,882 57,177 93,524 108,119 87,976
Int Inc: Total Earn Assets 217,077 391,111 423,461 396,242 384,972
Interest Expense Incurred On:
Int Exp: CDs 13,184 50,545 41,858 16,959 8,926
Int Exp: Other Deposits 19,196 50,554 49,378 43,455 31,294
Int Exp: Total Deposits 32,380 101,099 91,236 60,414 40,220
Int Exp: Debt 21,666 41,849 45,484 24,586 19,279
Int Exp: Total Int-bearing Liab 54,046 142,948 136,720 85,000 59,499
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.