Meta financial group inc (CASH)
Income statement / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Interest and dividend income:
Loans and leases, including fees

274,528

98,475

52,117

36,187

29,565

19,674

16,151

18,058

19,654

24,944

25,561

Mortgage-backed securities

11,390

15,479

16,571

15,771

13,979

15,343

11,900

16,133

18,362

13,370

10,230

Other investments

39,811

44,580

39,415

29,438

18,063

13,643

10,925

3,106

1,043

769

935

Total interest and dividend income

325,729

158,534

108,103

81,396

61,607

48,660

38,976

37,297

39,059

39,083

36,726

Interest expense:
Deposits

46,648

15,163

6,051

614

726

965

1,280

2,205

3,069

3,908

5,341

FHLB advances and other borrowings

14,874

12,822

8,822

3,477

1,661

1,433

1,674

1,358

1,678

2,085

3,566

Total interest expense

61,522

27,985

14,873

4,091

2,387

2,398

2,954

3,563

4,747

5,993

8,907

Net interest income

264,207

130,549

93,230

77,305

59,220

46,262

36,022

33,734

34,312

33,090

27,819

Provision for loan and lease losses

55,650

29,432

10,589

4,605

1,465

1,150

0

1,049

278

15,791

18,713

Net interest income after provision for loan and lease losses

208,557

101,117

82,641

72,700

57,755

45,112

36,022

32,685

34,034

17,299

9,106

Noninterest income:
Gain (loss) on sale of securities available-for-sale, net (Includes $729, ($8,177), and ($493) reclassified from accumulated other comprehensive income (loss) for net gain (loss) on available for sale securities for the fiscal years ended September 30, 2019, 2018 and 2017, respectively)

729

-8,177

-493

-326

-1,634

107

2,546

13,755

1,793

2,140

761

Tax advance product fees

-

-

-

-

0

-

-

-

-

-

-

Card fees

-

-

-

-

54,542

48,738

50,790

53,220

53,890

93,206

77,502

Loan fees

-

-

-

-

63

0

868

1,190

417

359

660

Bank-owned life insurance

-

-

-

-

2,348

1,139

998

511

526

526

512

Bank-owned life insurance income

-

-

-

-

2,030

981

-

-

-

-

-

Deposit fees

-

-

-

-

593

616

632

616

649

766

749

Gain on sale of loans and leases

5,244

355

0

0

-

-

-

-

-

-

-

Gain on sale of membership equity interests, net

-

-

-

-

-

-

-

-

-

-

515

Gain (loss) on sale of other

-278

-19

-6

0

28

-93

-268

-38

53

-105

-1,015

Other income

6,013

1,494

261

8

204

250

-63

320

163

552

285

Total noninterest income

222,545

184,525

172,172

100,770

58,174

51,738

55,503

69,574

57,491

97,444

79,969

Noninterest expense:
Compensation and benefits

155,811

109,044

88,728

61,675

46,493

38,155

34,106

31,104

30,467

32,529

32,743

Refund transfer product expense

7,526

11,750

11,885

8,648

3

0

-

-

-

-

-

Tax advance product expense

3,102

1,817

3,241

0

0

-

-

-

-

-

-

Card processing

23,677

26,283

24,130

22,263

16,508

15,487

15,584

17,373

23,286

38,242

33,540

Occupancy and equipment expense

28,071

19,740

16,465

13,999

11,399

8,979

8,479

8,489

8,467

8,162

7,978

Operating lease equipment depreciation

26,181

5,386

0

0

-

-

-

-

-

-

-

Legal and consulting

17,310

15,064

8,384

4,824

4,978

4,145

4,048

5,255

5,156

3,464

3,745

Marketing

1,471

1,226

1,449

1,334

1,347

1,316

1,228

1,141

1,092

1,273

2,181

Data processing

2,688

2,674

2,117

1,972

1,537

1,034

981

1,047

1,260

2,109

1,822

Intangible amortization

17,711

9,641

12,362

4,828

1,349

77

589

0

0

-

-

Impairment of Intangible Assets (Excluding Goodwill)

9,660

18

10,248

-

-

-

-

-

-

-

-

Impairment expense

-

-

-

0

0

-

-

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

1,508

0

0

Other expense

39,952

25,589

20,654

15,105

12,892

9,038

9,388

11,054

12,026

9,151

9,072

Total noninterest expense

333,160

228,232

199,663

134,648

96,506

78,231

74,403

75,463

83,262

94,930

91,081

Income before income tax expense

97,942

57,410

55,150

38,822

19,423

18,619

17,122

26,796

8,263

19,813

-2,006

Income tax expense (benefit) (includes $0 and $58 reclassified from accumulated other comprehensive income (loss) for the three months ended March 31, 2020 and 2019, respectively and $0 and $52 for the six months ended March 31, 2020 and 2019, respectively)

-3,374

5,117

10,233

5,602

1,368

2,906

3,704

9,682

3,623

7,420

-543

Net income before noncontrolling interest

101,316

52,293

44,917

33,220

-

-

-

-

-

-

-

Net income attributable to noncontrolling interest

4,312

673

0

0

-

-

-

-

-

-

-

Net income attributable to parent

97,004

51,620

44,917

33,220

18,055

15,713

13,418

17,114

4,640

12,393

-1,463

Earnings per common share
Basic (in dollars per share)

2.49

1.68

1.62

1.31

2.68

2.57

2.40

4.94

1.49

4.23

-0.56

Diluted (in dollars per share)

2.49

1.67

1.61

1.30

2.66

2.53

2.38

4.92

1.49

4.11

-0.56

Refund transfer product fees
Noninterest income:

39,198

41,879

38,956

-

-

-

-

-

-

-

-

Tax advance product fees
Noninterest income:

34,687

35,703

31,913

-

-

-

-

-

-

-

-

Total noninterest income

34,687

-

-

-

-

-

-

-

-

-

-

Card fees
Noninterest income:

79,982

94,446

94,707

-

-

-

-

-

-

-

-

Total noninterest income

79,982

-

-

-

-

-

-

-

-

-

-

Rental income
Noninterest income:

41,053

7,333

0

-

-

-

-

-

-

-

-

Total noninterest income

41,053

-

-

-

-

-

-

-

-

-

-

Loan and lease fees
Noninterest income:

4,292

4,470

3,882

-

-

-

-

-

-

-

-

Bank-owned life insurance
Noninterest income:

2,535

2,590

2,216

-

-

-

-

-

-

-

-

Deposit fees
Noninterest income:

9,090

4,451

736

-

-

-

-

-

-

-

-