Summary of unaudited interim results |
The following is a summary of the unaudited interim results of operations by quarter for the years ended September 30, 2013 and 2012: | | | | | | | | | | | | | | Year Ended September 30, 2013 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | | (In thousands, except per share data) | Interest income | $ | 131,309 |
| $ | 126,505 |
| $ | 128,176 |
| $ | 130,302 |
| Interest expense | 35,875 |
| 33,482 |
| 33,461 |
| 33,343 |
| Net interest income | 95,434 |
| 93,023 |
| 94,715 |
| 96,959 |
| Provision for loan losses | 3,600 |
| — |
| — |
| (2,250 | ) | Other operating income (REO expense) | 1,638 |
| 2,043 |
| 5,236 |
| 11,157 |
| Other operating expense | 38,298 |
| 41,164 |
| 41,610 |
| 43,167 |
| Income before income taxes | 55,174 |
| 53,902 |
| 58,341 |
| 67,199 |
| Income taxes | 19,891 |
| 17,924 |
| 21,003 |
| 24,293 |
| Net income | $ | 35,283 |
| $ | 35,978 |
| $ | 37,338 |
| $ | 42,906 |
| | | | | | Basic earnings per share | $ | 0.33 |
| $ | 0.34 |
| $ | 0.36 |
| $ | 0.42 |
| Diluted earnings per share | 0.33 |
| 0.34 |
| 0.36 |
| 0.41 |
| Cash dividends per share | 0.08 |
| 0.09 |
| 0.09 |
| 0.10 |
| Return of average assets | 1.11 | % | 1.10 | % | 1.15 | % | 1.32 | % |
| | | | | | | | | | | | | | Year Ended September 30, 2012 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | | (In thousands, except per share data) | Interest income | $ | 155,926 |
| $ | 154,581 |
| $ | 145,384 |
| $ | 134,380 |
| Interest expense | 52,212 |
| 49,979 |
| 48,849 |
| 42,209 |
| Net interest income | 103,714 |
| 104,602 |
| 96,535 |
| 92,171 |
| Provision for loan losses | 11,210 |
| 18,000 |
| 10,366 |
| 5,379 |
| Other operating income (REO expense) | (5,923 | ) | 3,446 |
| 4,736 |
| 4,439 |
| Other operating expense | 34,365 |
| 36,812 |
| 35,964 |
| 35,713 |
| Income before income taxes | 52,216 |
| 53,236 |
| 54,941 |
| 55,518 |
| Income taxes | 18,798 |
| 19,165 |
| 19,778 |
| 19,987 |
| Net income | $ | 33,418 |
| $ | 34,071 |
| $ | 35,163 |
| $ | 35,531 |
| | | | | | Basic earnings per share | $ | 0.31 |
| $ | 0.32 |
| $ | 0.33 |
| $ | 0.33 |
| Diluted earnings per share | 0.31 |
| 0.32 |
| 0.33 |
| 0.33 |
| Cash dividends per share | 0.08 |
| 0.08 |
| 0.08 |
| 0.08 |
| Return of average assets | 0.98 | % | 1.00 | % | 1.04 | % | 1.10 | % |
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