QUARTERLY DATA (UNAUDITED) |
QUARTERLY DATA (UNAUDITED) Quarterly results of operations were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2019 | | 2018 | (In thousands, except per share data) | | Fourth Quarter | | Third Quarter | | Second Quarter | | First Quarter | | Fourth Quarter | | Third Quarter | | Second Quarter | | First Quarter | Interest and dividend income | | $ | 125,441 |
| | $ | 133,725 |
| | $ | 129,238 |
| | $ | 121,109 |
| | $ | 126,695 |
| | $ | 117,569 |
| | $ | 115,484 |
| | $ | 106,146 |
| Interest expense | | 34,108 |
| | 36,854 |
| | 37,643 |
| | 35,650 |
| | 33,929 |
| | 29,184 |
| | 25,192 |
| | 21,389 |
| Net interest income | | 91,333 |
| | 96,871 |
| | 91,595 |
| | 85,459 |
| | 92,766 |
| | 88,385 |
| | 90,292 |
| | 84,757 |
| Non-interest income | | 23,362 |
| | 21,406 |
| | 17,512 |
| | 21,722 |
| | 15,775 |
| | 20,034 |
| | 19,623 |
| | 18,892 |
| Total revenue | | 114,695 |
| | 118,277 |
| | 109,107 |
| | 107,181 |
| | 108,541 |
| | 108,419 |
| | 109,915 |
| | 103,649 |
| Provision for loan losses | | 5,351 |
| | 22,600 |
| | 3,467 |
| | 4,001 |
| | 6,716 |
| | 6,628 |
| | 6,532 |
| | 5,575 |
| Non-interest expense | | 70,287 |
| | 71,011 |
| | 76,568 |
| | 71,991 |
| | 80,373 |
| | 59,627 |
| | 61,527 |
| | 65,366 |
| Income from continuing operations before income taxes | | 39,057 |
| | 24,666 |
| | 29,072 |
| | 31,189 |
| | 21,452 |
| | 42,164 |
| | 41,856 |
| | 32,708 |
| Income tax expense | | 6,421 |
| | 4,007 |
| | 5,118 |
| | 6,917 |
| | 4,384 |
| | 9,095 |
| | 8,145 |
| | 7,337 |
| Net income from continuing operations | | 32,636 |
| | 20,659 |
| | 23,954 |
| | 24,272 |
| | 17,068 |
| | 33,069 |
| | 33,711 |
| | 25,371 |
| (Loss)/income from discontinued operations, net of tax | | (6,885 | ) | | 1,957 |
| | 1,494 |
| | (637 | ) | | (2,809 | ) | | (842 | ) | | 320 |
| | (123 | ) | Net income | | $ | 25,751 |
| | $ | 22,616 |
| | $ | 25,448 |
| | $ | 23,635 |
| | $ | 14,259 |
| | $ | 32,227 |
| | $ | 34,031 |
| | $ | 25,248 |
| | | | | | | | | | | | | | | | | | Basic earnings/(loss) per share: | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Continuing operations | | $ | 0.65 |
| | $ | 0.40 |
| | $ | 0.49 |
| | $ | 0.52 |
| | $ | 0.37 |
| | $ | 0.72 |
| | $ | 0.73 |
| | $ | 0.55 |
| Discontinued operations | | (0.14 | ) | | 0.04 |
| | 0.03 |
| | (0.01 | ) | | (0.06 | ) | | (0.02 | ) | | 0.01 |
| | — |
| Basic earnings per common share | | $ | 0.51 |
| | $ | 0.44 |
| | $ | 0.52 |
| | $ | 0.51 |
| | $ | 0.31 |
| | $ | 0.70 |
| | $ | 0.74 |
| | $ | 0.55 |
| | | | | | | | | | | | | | | | | | Diluted earnings/(loss) per share: | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Continuing operations | | $ | 0.65 |
| | $ | 0.40 |
| | $ | 0.49 |
| | $ | 0.52 |
| | $ | 0.37 |
| | $ | 0.72 |
| | $ | 0.73 |
| | $ | 0.55 |
| Discontinued operations | | (0.14 | ) | | 0.04 |
| | 0.03 |
| | (0.01 | ) | | (0.06 | ) | | (0.02 | ) | | 0.01 |
| | — |
| Diluted earnings per share | | $ | 0.51 |
| | $ | 0.44 |
| | $ | 0.52 |
| | $ | 0.51 |
| | $ | 0.31 |
| | $ | 0.70 |
| | $ | 0.74 |
| | $ | 0.55 |
| | | | | | | | | | | | | | | | | | Weighted average common shares outstanding: | Basic | | 50,494 |
| | 51,422 |
| | 48,961 |
| | 46,113 |
| | 46,061 |
| | 46,030 |
| | 46,032 |
| | 45,966 |
| Diluted | | 50,702 |
| | 51,545 |
| | 49,114 |
| | 46,261 |
| | 46,240 |
| | 46,263 |
| | 46,215 |
| | 46,200 |
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