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Income Statement

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 307,409 422,796 389,190 369,844 253,807
Interest Expense 115,906 136,720 85,000 59,499 42,621
Net Interest Income 191,503 286,076 304,190 310,345 211,186
FTE Net Interest Income 191,503 286,741 311,242 325,473 223,717
Provision for Loan Losses 39,065 30,215 13,699 5,271 7,469
Trading Account Income 0 0 0 0 0
Foreign Exchange Income NA NA NA NA NA
Trust Revenue (3) 75 102 0 0
Service Charges on Deposits 4,531 6,315 6,492 5,147 4,057
Gain on Sale of Loans (FAS 140) 8,705 1,932 11,942 35,895 37,211
Loan Fees & Charges 367 3,720 1,025 633 1,406
Bank-owned Life Insurance Revenue 1,693 2,176 2,339 2,341 1,076
Insurance Revenue 521 1,189 1,376 1,414 1,111
Investment Banking & Brokerage 0 0 0 1,507 9,868
Other Noninterest Income (3,042) 4,128 6,626 15,965 7,679
Total Noninterest Income 12,772 19,535 29,902 62,902 62,408
Realized Gain on Securities (5,586) 2,280 14,768 29,405 3,258
Nonrecurring Revenue 0 2,100 0 6,323 10,082
Compensation & Benefits 81,879 109,974 129,153 146,147 114,845
Occupancy & Equipment 23,408 31,847 38,391 34,797 30,365
Marketing and Promotion Expense 6,195 12,664 5,313 6,894 3,467
Professional Fees 9,601 33,652 42,417 30,373 19,500
Tech & Communications Expense 6,438 9,049 10,509 8,311 6,011
Amrt of Intang & Goodwill Impair 1,741 3,007 4,264 5,541 6,094
Foreclosure & Repo NA (229) 284 127 15
Other Expense 16,830 30,190 72,611 71,025 27,702
Total Noninterest Expense 146,092 230,154 302,942 303,215 207,999
Nonrecurring Expense 2,637 2,631 5,326 0 2,300
Pre-Provision Net Revenue 58,183 76,122 38,202 85,160 78,126
Non-FTE Pre-Provision Net Revenue 58,183 75,457 31,150 70,032 65,595
Net Income before Taxes 10,895 46,991 26,893 100,489 69,166
Provision for Taxes 1,408 4,844 (26,581) 13,749 28,048
Effective Tax Rate(%) 12.92 10.31 (98.84) 13.68 40.55
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 3,325 4,235 28,676 20,954
Net Income 9,487 45,472 57,709 115,416 62,072
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 9,487 45,472 57,709 115,416 62,072
Preferred Dividends 12,019 19,504 20,451 19,914 9,823
Other Preferred Dividends after Net Income 0 0 0 0 0
Other Changes to Net Income (390) (811) (1,122) (3,033) (2,023)
Net Income Avail to Common (8,015) 22,850 36,136 92,469 50,226
Net Income for Diluted EPS (8,015) 22,850 36,136 92,469 50,226
EPS after Extra($) (0.16) 0.45 0.71 1.94 1.34
EPS after Extra Growth(%) NM (36.60) (63.40) 44.80 48.90
Pre-Provision Earnings per Share($) 0.57 0.73 (0.03) 0.47 0.82
Comprehensive Income
Net Income 9,487 45,472 57,709 115,416 62,072
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 14,546 (29,840) 14,269 (6,047) (3,368)
Comprehensive Income 24,033 15,632 71,978 109,369 58,704
Interest Income Earned On:
Interest Earned on Loans 260,004 329,937 288,123 296,996 241,556
Int Inc: Securities 40,322 83,567 99,742 79,527 20,263
Int Inc: Other Earn Assets 7,083 9,957 8,377 8,449 4,519
Int Inc: Secs & Oth Earn Assets 47,405 93,524 108,119 87,976 24,782
Int Inc: Total Earn Assets 307,409 423,461 396,242 384,972 266,338
Interest Expense Incurred On:
Int Exp: CDs 43,014 41,858 16,959 8,926 5,753
Int Exp: Other Deposits 39,838 49,378 43,455 31,294 20,030
Int Exp: Total Deposits 82,852 91,236 60,414 40,220 25,783
Int Exp: Debt 33,054 45,484 24,586 19,279 16,838
Int Exp: Total Int-bearing Liab 115,906 136,720 85,000 59,499 42,621
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.