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Income Statement

Financial Highlights
12/31/2014
12/31/2015
12/31/2016
3/31/2017
NA NA NA NA
Interest Income 188,139 266,338 369,844 98,842
Interest Expense 32,862 42,621 59,499 18,361
Net Interest Income 155,277 223,717 310,345 80,481
FTE Net Interest Income NA NA 325,473 83,747
Provision for Loan Losses 10,976 7,469 5,271 2,583
Trading Account Income 0 0 0 0
Foreign Exchange Income NA NA NA NA
Trust Revenue 0 0 0 44
Service Charges on Deposits 1,490 4,057 5,147 1,623
Gain on Sale of Loans (FAS 140) 19,828 37,211 35,895 4,019
Loan Fees & Charges 4,199 2,974 633 2,756
Bank-owned Life Insurance Revenue 224 1,076 2,341 581
Insurance Revenue 0 1,111 1,414 398
Investment Banking & Brokerage 12,904 9,868 1,507 NA
Other Noninterest Income 105,353 150,582 15,965 2,126
Total Noninterest Income 143,998 206,879 62,902 11,547
Realized Gain on Securities 1,183 3,258 29,405 3,356
Nonrecurring Revenue 456 10,082 6,323 0
Compensation & Benefits 162,879 213,114 146,147 32,443
Occupancy & Equipment 33,443 41,405 38,046 10,668
Marketing and Promotion Expense 5,016 6,156 NA 1,725
Professional Fees 19,247 20,193 30,373 15,073
Tech & Communications Expense 9,483 12,679 8,311 2,179
Amrt of Intang & Goodwill Impair 4,127 6,094 5,541 1,426
Foreclosure & Repo (34) 15 127 8
Other Expense 18,411 30,245 43,160 12,405
Total Noninterest Expense 252,572 329,901 271,705 75,927
Nonrecurring Expense 10,900 2,300 31,510 13,969
Pre-Provision Net Revenue 46,703 100,695 116,670 19,367
Non-FTE Pre-Provision Net Revenue 46,703 100,695 101,542 16,101
Net Income before Taxes 26,466 104,266 100,489 2,905
Provision for Taxes (3,739) 42,194 13,749 (6,471)
Effective Tax Rate(%) (14.13) 40.47 13.68 (222.75)
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 28,676 7,825
Net Income 30,205 62,072 115,416 17,201
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 30,205 62,072 115,416 17,201
Preferred Dividends 3,640 9,823 19,914 5,113
Other Preferred Dividends after Net Income 0 0 0 0
Other Changes to Net Income (1,041) (2,023) (3,033) (366)
Net Income Avail to Common 25,524 50,226 92,469 11,722
Net Income for Diluted EPS 25,524 50,226 92,469 11,722
EPS after Extra($) 0.90 1.34 1.94 0.23
EPS after Extra Growth(%) NM 48.90 44.80 (36.10)
Pre-Provision Earnings per Share($) 0.91 1.43 0.90 0.10
Comprehensive Income
Net Income 30,205 62,072 115,416 17,201
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income 973 (3,368) (6,047) (660)
Comprehensive Income 31,178 58,704 109,369 16,541
Interest Income Earned On:
Interest Earned on Loans 180,761 241,556 296,996 72,773
Int Inc: Securities 5,158 20,263 79,527 27,239
Int Inc: Other Earn Assets 2,220 4,519 8,449 2,096
Int Inc: Secs & Oth Earn Assets 7,378 24,782 87,976 29,335
Int Inc: Total Earn Assets 188,139 266,338 384,972 102,108
Interest Expense Incurred On:
Int Exp: CDs 4,873 5,753 8,926 3,563
Int Exp: Other Deposits 19,538 20,030 31,294 10,397
Int Exp: Total Deposits 24,411 25,783 40,220 13,960
Int Exp: Debt 8,451 16,838 19,279 4,401
Int Exp: Total Int-bearing Liab 32,862 42,621 59,499 18,361
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.