BENEFICIAL MUTUAL BANCORP INC BNCL Income Statement

Beneficial mutual bancorp inc (BNCL)

Income statement / TTM

Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME:
Interest and fees on loans
107,225	108,466	111,316	114,514	118,944	124,777	130,029	132,682	134,491	134,861	136,167	139,685	141,494	144,864	0	0	0
Interest on overnight investments
745	816	829	821	891	936	913	893	875	882	949	890	754	544	0	0	0
Interest on trading securities
-	-	-	-	-	-	-	-	-	-	-	26	40	63	0	0	0
Interest and dividends on investment securities:
Taxable
30,694	31,635	31,640	31,255	30,642	30,625	32,123	33,876	35,169	35,433	35,146	35,955	37,707	41,803	0	0	0
Tax-exempt
2,601	2,689	2,733	2,786	2,824	2,864	2,902	2,979	3,087	3,204	3,387	3,587	3,914	4,326	0	0	0
Total interest income
141,265	143,606	146,518	149,376	153,301	159,202	165,967	170,430	173,622	174,380	175,649	180,143	183,909	191,600	0	0	0
INTEREST EXPENSE:
Interest on deposits:
Interest bearing checking accounts
1,998	2,294	2,591	2,948	3,332	3,682	4,307	4,712	5,158	5,666	6,517	7,742	8,743	9,682	0	0	0
Money market and savings deposits
5,714	6,068	6,361	6,653	6,839	7,255	7,892	8,392	8,684	8,860	8,874	9,158	9,439	9,470	0	0	0
Time deposits
7,942	8,051	8,120	8,242	8,489	8,812	9,297	9,765	10,392	11,191	12,003	12,531	13,041	13,514	0	0	0
Total
15,654	16,413	17,072	17,843	18,660	19,749	21,496	22,869	24,234	25,717	27,394	29,431	31,223	32,666	0	0	0
Interest on borrowed funds
7,282	7,504	7,746	7,797	7,786	7,820	7,900	8,104	8,384	8,397	8,402	8,615	10,316	12,250	0	0	0
Total interest expense
22,936	23,917	24,818	25,640	26,446	27,569	29,396	30,973	32,618	34,114	35,796	38,046	41,539	44,916	0	0	0
Net interest income
118,329	119,689	121,700	123,736	126,855	131,633	136,571	139,457	141,004	140,266	139,853	142,097	142,370	146,684	0	0	0
Provision for loan losses
1,700	4,750	9,500	13,000	17,500	23,000	25,500	28,000	30,500	32,500	35,000	37,500	80,050	77,250	0	0	0
Net interest income after provision for loan losses
116,629	114,939	112,200	110,736	109,355	108,633	111,071	111,457	110,504	107,766	104,853	104,597	62,320	69,434	0	0	0
NON-INTEREST INCOME:
Insurance and advisory commission and fee income
7,058	7,075	7,156	7,170	7,233	7,524	7,323	7,389	7,337	7,166	7,344	7,720	8,046	7,910	0	0	0
Service charges and other income
15,127	15,175	14,994	15,561	15,042	15,003	14,800	14,604	15,900	16,491	15,814	15,867	14,384	14,878	0	0	0
Mortgage banking income
584	504	900	1,017	1,349	2,021	2,100	2,731	2,811	2,283	1,721	916	0	0	0	-	-
Net gain on sale of non-performing commercial loans HFS
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of investment securities
69	38	748	1,377	3,041	3,403	3,274	2,882	1,811	1,349	907	652	986	0	0	0	-
Impairment charge on securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Trading securities profits
-	-	-	-	-	-	-	-	-	-	-	81	204	290	0	0	0
Total non-interest income
24,421	22,792	23,798	25,125	26,665	27,951	27,497	27,606	27,859	27,289	25,786	25,236	23,903	23,875	0	0	0
NON-INTEREST EXPENSE:
Salaries and employee benefits
59,249	58,612	58,176	57,154	56,814	56,818	57,193	57,529	57,045	56,367	55,127	55,812	58,031	59,174	0	0	0
Occupancy expense
10,727	10,862	10,929	9,826	9,932	10,008	9,939	9,887	10,077	10,209	10,410	11,040	11,244	11,549	0	0	0
Depreciation, amortization and maintenance
8,976	8,989	9,270	9,026	8,987	9,118	8,993	8,919	8,905	8,724	8,594	8,683	8,999	9,074	0	0	0
Marketing expense
4,085	4,815	5,192	5,234	3,624	3,037	2,856	2,811	3,153	3,234	3,174	3,189	5,112	5,809	0	0	0
Intangible amortization expense
1,871	1,871	1,872	1,872	2,692	3,140	3,718	4,163	3,784	3,776	3,636	3,584	3,560	3,536	0	0	0
FDIC Insurance
3,114	3,279	3,421	3,589	3,840	4,010	4,138	4,221	4,184	4,181	4,727	5,332	5,676	6,003	0	0	0
Merger and restructuring charges
-	-	-	-	-	0	-	-	-	0	-	5,058	0	0	0	-	-
Professional fees
3,933	4,564	4,478	5,058	6,640	6,172	6,224	5,396	0	0	0	-	-	-	-	-	-
Classified loan and other real estate owned related expense
3,217	4,268	5,610	6,384	7,564	7,887	7,797	8,243	0	0	0	-	-	-	-	-	-
Other
24,258	23,912	23,448	22,734	21,731	21,121	20,138	19,723	15,230	16,778	18,495	19,688	27,194	27,926	0	0	0
Total non-interest expense
119,400	121,142	122,207	120,688	121,161	120,648	123,229	123,125	121,930	119,877	116,118	120,710	124,875	128,130	0	0	0
Income before income taxes
21,650	16,589	13,791	15,173	14,859	15,936	15,339	15,938	16,433	15,178	14,521	9,123	-38,652	-34,821	0	0	0
Income tax expense
5,120	3,083	1,955	2,595	1,424	1,906	1,891	1,759	193	-1,046	-1,358	-1,913	-22,082	-19,768	0	0	0
NET INCOME
16,530	13,506	11,836	12,578	13,435	14,030	13,448	14,179	16,240	16,224	15,879	11,036	-16,570	-15,053	0	0	0
EARNINGS PER SHARE - Basic (in dollars per share)
0.09	0.06	-	-	0.05	0.04	-	-	0.05	0.03	-	-	0.05	0.03	-0.01	-0.28	0.07
EARNINGS PER SHARE - Diluted (in dollars per share)
0.09	0.06	-	-	0.05	0.04	-	-	0.05	0.03	-	-	0.05	0.03	-0.01	-0.28	0.07
NET EARNINGS PER SHARE - Basic and Diluted (in dollars per share)
-	-	0.03	-	-	-	0.04	-	-	-	0.05	-	-	-	-	-	-
Average common shares outstanding - Basic (in shares)
72,871	73,558	74,241	75,045	75,870	76,073	76,376	76,351	76,392	76,838	77,047	77,071	77,132	77,092	77,006	77,541	77,840
Average common shares outstanding - Diluted (in shares)
73,508	74,192	74,795	75,389	76,129	76,244	76,578	76,537	76,541	77,007	77,225	77,373	77,244	77,301	77,006	77,541	78,008