QUARTERLY DATA (UNAUDITED) |
QUARTERLY DATA (UNAUDITED) Quarterly results of operations were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 | | 2022 | (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 | | $ | 150,537 | | | $ | 148,021 | | | $ | 145,425 | | | $ | 132,316 | | | $ | 121,384 | | | $ | 103,671 | | | $ | 87,379 | | | $ | 74,823 | | Interest expense | | 62,116 | | | 57,687 | | | 52,666 | | | 34,783 | | | 19,292 | | | 11,587 | | | 6,021 | | | 5,760 | | Net interest income | | 88,421 | | | 90,334 | | | 92,759 | | | 97,533 | | | 102,092 | | | 92,084 | | | 81,358 | | | 69,063 | | Non-interest income | | (8,383) | | | 17,465 | | | 17,094 | | | 16,606 | | | 15,654 | | | 16,251 | | | 16,351 | | | 20,681 | | Total revenue | | 80,038 | | | 107,799 | | | 109,853 | | | 114,139 | | | 117,746 | | | 108,335 | | | 97,709 | | | 89,744 | | Provision expense/(benefit) for credit losses | | 7,000 | | | 8,000 | | | 8,000 | | | 8,999 | | | 12,000 | | | 3,000 | | | — | | | (4,000) | | Non-interest expense | | 78,992 | | | 76,513 | | | 74,048 | | | 71,955 | | | 70,014 | | | 81,677 | | | 68,475 | | | 68,550 | | Income before income taxes | | (5,954) | | | 23,286 | | | 27,805 | | | 33,185 | | | 35,732 | | | 23,658 | | | 29,234 | | | 25,194 | | Income tax (benefit)/expense | | (4,509) | | | 3,741 | | | 3,944 | | | 5,548 | | | 5,227 | | | 4,941 | | | 6,119 | | | 4,998 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income | | $ | (1,445) | | | $ | 19,545 | | | $ | 23,861 | | | $ | 27,637 | | | $ | 30,505 | | | $ | 18,717 | | | $ | 23,115 | | | $ | 20,196 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Basic earnings per share | | $ | (0.03) | | | $ | 0.45 | | | $ | 0.55 | | | $ | 0.63 | | | $ | 0.69 | | | $ | 0.42 | | | $ | 0.50 | | | $ | 0.42 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted earnings per share | | $ | (0.03) | | | $ | 0.45 | | | $ | 0.55 | | | $ | 0.63 | | | $ | 0.69 | | | $ | 0.42 | | | $ | 0.50 | | | $ | 0.42 | | | | | | | | | | | | | | | | | | | Weighted average common shares outstanding: | Basic | | 42,852 | | | 43,164 | | | 43,443 | | | 43,693 | | | 44,105 | | | 44,700 | | | 45,818 | | | 47,668 | | Diluted | | 43,101 | | | 43,347 | | | 43,532 | | | 44,036 | | | 44,484 | | | 45,034 | | | 46,102 | | | 48,067 | |
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