META FINANCIAL GROUP INC CASH Income Statement

Meta financial group inc (CASH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	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	Dec'10	Jun'10
Interest and dividend income:
Loans and leases, including fees
70,493	68,702	70,628	69,732	73,670	60,498	45,132	19,056	17,844	16,443	14,577	14,089	12,773	10,678	10,040	9,280	8,548	8,319	8,004	7,528	7,637	6,396	5,391	5,062	4,750	4,471	4,198	4,091	3,735	4,127	4,411	4,615	4,492	4,540	4,760	4,538	4,909	5,447	5,523
Mortgage-backed securities
2,493	2,389	2,768	3,063	2,861	2,698	3,724	3,950	4,047	3,758	4,226	4,544	4,481	3,320	3,513	3,777	4,768	3,713	3,181	3,055	3,919	3,824	3,837	3,898	3,925	3,683	2,831	3,024	3,111	2,934	2,300	3,848	5,198	4,787	4,779	5,232	4,433	3,918	4,393
Other investments
6,417	6,534	7,431	8,837	11,763	11,780	11,346	11,098	11,480	10,656	10,146	10,228	10,464	8,577	8,176	7,706	7,313	6,243	5,177	4,671	4,203	4,012	3,641	3,606	3,388	3,008	2,774	2,710	2,872	2,569	1,523	686	609	288	340	210	238	255	198
Total interest and dividend income
79,403	77,625	80,827	81,632	88,294	74,976	60,202	34,104	33,371	30,857	28,949	28,861	27,718	22,575	21,729	20,763	20,629	18,275	16,362	15,254	15,759	14,232	12,869	12,566	12,063	11,162	9,803	9,825	9,718	9,630	8,234	9,149	10,299	9,615	9,879	9,980	9,580	9,620	10,114
Interest expense:
Deposits
8,242	9,340	10,917	10,395	14,740	10,596	8,057	2,264	2,957	1,885	1,890	1,039	2,184	938	180	136	135	163	163	159	172	232	239	232	221	273	285	286	284	425	483	516	553	653	695	732	753	889	939
FHLB advances and other borrowings
3,424	3,634	4,293	4,269	2,204	4,108	3,608	3,429	3,009	2,776	2,571	2,879	1,568	1,804	1,656	708	556	557	497	434	301	429	328	406	323	376	357	380	529	408	358	341	335	324	394	421	410	453	517
Total interest expense
11,666	12,974	15,210	14,664	16,944	14,704	11,665	5,693	5,966	4,661	4,461	3,918	3,752	2,742	1,836	844	691	720	660	593	473	661	567	638	544	649	642	666	813	833	841	857	888	977	1,089	1,153	1,163	1,342	1,456
Net interest income
67,737	64,651	65,617	66,968	71,350	60,272	48,537	28,411	27,405	26,196	24,488	24,943	23,966	19,833	19,893	19,919	19,938	17,555	15,702	14,661	15,286	13,571	12,302	11,928	11,519	10,513	9,161	9,159	8,905	8,797	7,393	8,292	9,411	8,638	8,790	8,827	8,417	8,278	8,658
Provision for loan and lease losses
37,296	3,407	4,121	9,112	33,318	9,099	4,706	5,315	18,343	1,068	-143	1,240	8,649	843	548	2,098	1,173	786	124	700	593	48	550	300	300	0	300	0	-300	0	0	150	200	699	253	-161	214	-28	609
Net interest income after provision for loan and lease losses
30,441	61,244	61,496	57,856	38,032	51,173	43,831	23,096	9,062	25,128	24,631	23,703	15,317	18,990	19,345	17,821	18,765	16,769	15,578	13,961	14,693	13,523	11,752	11,628	11,219	10,513	8,861	9,159	9,205	8,797	7,393	8,142	9,211	7,939	8,537	8,988	8,203	8,306	8,049
Noninterest income:
Gain on sale of securities available for sale, net (includes $0 and $231 reclassified from accumulated other comprehensive income (loss) for net gain (loss) on securities available for sale for the three months ended March 31, 2020 and 2019, respectively and $0 and $209 for the six months ended March 31, 2020 and 2019, respectively)
0	0	-	-	231	-22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on divestitures
19,275	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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)
-	-	-	440	-	-	-6,979	-22	-166	-1,010	838	47	-144	-1,234	-274	-102	29	21	-442	51	17	-1,260	10	0	98	-1	45	525	322	1,654	1,725	-401	11,381	1,050	635	0	632	526	239
Refund transfer product fees
-	-	-	-	-	-	-	-	-	-	-	-	32,487	176	-	3,424	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax advance product fees
-	-	-	-	-	-	-	-	-	-	-	-	31,119	449	-	7	21,071	135	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card fees
-	-	-	-	-	-	-	-	-	-	-	-	26,547	18,414	-	18,779	18,579	15,256	13,936	13,854	13,663	13,089	11,985	11,805	12,055	12,893	12,747	12,547	13,960	11,536	11,384	12,232	15,691	13,913	13,215	8,272	18,392	14,011	18,206
Loan fees
-	-	-	-	-	-	-	-	-	-	-	-	1,182	870	-	1,084	674	792	-1,766	702	813	314	-828	183	438	207	178	188	234	268	213	358	290	329	62	69	85	201	68
Bank-owned life insurance
-	-	-	628	-	-	-	633	650	669	-	656	444	448	-	454	380	374	1,150	632	280	286	286	283	281	289	291	289	293	125	122	131	130	128	131	132	130	133	132
Deposit fees
-	-	-	-	-	-	-	-	-	-	-	-	168	150	-	144	151	162	145	151	141	156	160	159	140	157	160	150	154	168	157	154	143	162	161	144	163	181	191
Gain on sale of loans and leases
-	-	-	1,913	-	-	355	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on sale of other
2,325	-2,568	-3,774	0	2,230	1,266	0	0	0	-19	-13	0	7	0	-	0	0	-	-1	1	2	26	-99	1	2	3	6	39	87	-400	-1,173	1,135	0	0	-	-	-	-	-
Other income
5,801	3,246	-1,067	1,808	2,890	2,382	728	250	414	102	-391	216	360	76	-120	17	17	94	54	33	54	63	112	50	49	39	12	-179	45	59	977	97	-854	100	-250	91	68	254	-43
Total noninterest income
120,513	37,483	35,979	43,790	105,025	37,751	24,613	33,225	97,419	29,268	29,833	30,820	92,170	19,349	19,228	23,807	40,901	16,834	15,106	15,424	14,970	12,674	12,607	12,481	13,063	13,587	13,439	13,559	15,095	13,410	13,405	13,706	26,781	15,682	14,007	8,708	19,470	15,306	18,793
Noninterest expense:
Compensation and benefits
34,260	34,268	38,461	35,176	49,164	33,010	30,093	24,439	32,172	22,340	21,919	22,193	26,766	17,850	14,535	15,375	17,110	14,655	12,168	12,126	11,668	10,531	9,867	9,318	10,019	8,951	8,189	8,524	9,116	8,277	7,635	8,236	8,057	7,176	7,325	7,158	8,188	7,796	7,500
Refund transfer product expense
7,449	173	-	287	7,181	10	-	1,694	9,871	101	-	1,623	10,178	51	-	359	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax advance product expense
1,698	1,132	0	425	2,225	452	82	-19	1,474	280	2	72	3,140	27	-8,256	0	8,238	18	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card processing
6,696	5,607	5,008	4,613	6,971	7,085	5,485	7,068	7,190	6,540	5,753	5,755	7,043	5,579	5,405	5,607	6,017	5,234	4,134	3,868	3,810	4,696	3,819	3,850	3,573	4,245	3,441	3,480	4,978	3,685	3,403	3,672	4,976	5,322	4,045	5,898	8,120	5,223	8,060
Occupancy and equipment expense
7,013	6,655	7,265	7,136	7,212	6,458	5,653	4,720	4,477	4,890	4,263	4,034	4,191	3,977	3,548	3,413	3,659	3,379	3,095	2,866	2,835	2,603	2,121	2,309	2,498	2,051	2,284	2,188	1,986	2,021	2,220	2,083	2,088	2,098	2,091	2,166	2,168	2,042	1,995
Operating lease equipment depreciation
-	8,280	-	6,029	-	7,765	5,386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal and consulting
5,909	4,674	4,968	4,065	4,308	3,969	6,628	2,781	3,239	2,416	2,781	1,375	1,505	2,723	1,613	1,221	859	1,131	1,645	1,116	996	1,221	1,439	540	783	1,383	1,091	1,183	854	920	1,109	861	2,019	1,266	1,432	974	1,339	1,411	521
Marketing
-	-	-	260	-	-	268	301	243	414	350	344	392	363	312	324	357	341	249	417	331	350	324	320	338	334	318	299	291	320	294	294	278	275	274	272	273	273	756
Data processing
-	-	-	368	-	-	1,037	416	668	553	656	381	610	470	441	490	539	502	569	323	341	304	334	267	213	220	234	276	201	270	238	317	325	167	337	251	411	261	384
Intangible amortization
3,402	2,676	3,358	4,374	5,596	4,383	3,565	1,664	2,731	1,681	1,868	1,887	7,082	1,525	1,184	1,216	1,215	1,213	-	-	-	-	-	-	-	-	-	0	361	-	-	0	0	-	-	-	-	-	-
Impairment expense
507	242	-	0	9,660	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-58	0	0	1,566	0
Other expense
16,374	12,091	5,602	9,735	13,452	11,163	8,342	5,988	6,432	4,827	5,872	4,555	6,039	4,188	4,152	3,622	3,796	3,535	2,988	3,757	3,439	2,708	2,609	2,233	2,319	1,877	1,931	2,074	2,798	2,585	3,489	2,608	2,470	2,487	3,635	2,593	2,752	3,046	1,943
Total noninterest expense
91,729	75,798	76,143	72,468	110,254	74,295	66,640	49,053	68,497	44,042	53,745	42,219	66,946	36,753	31,223	31,627	41,790	30,008	26,200	24,473	23,420	22,413	20,590	18,837	19,743	19,061	17,716	18,024	20,585	18,078	18,388	18,071	20,213	18,791	19,081	19,312	23,251	21,618	21,159
Income before income tax expense
59,225	22,929	21,332	29,178	32,803	14,629	1,804	7,268	37,984	10,354	719	12,304	40,541	1,586	7,350	10,001	17,876	3,595	4,484	4,912	6,243	3,784	3,769	5,272	4,539	5,039	4,584	4,694	3,715	4,129	2,410	3,777	15,779	4,830	3,463	-1,616	4,422	1,994	5,683
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)
5,617	680	-130	-1,158	-395	-1,691	-7,591	476	6,548	5,684	-1,025	2,517	8,399	342	1,344	1,128	3,593	-463	-155	272	1,062	189	406	1,068	395	1,037	1,110	1,022	568	1,004	744	1,390	5,809	1,739	1,271	-596	1,675	1,273	2,145
Net income before noncontrolling interest
53,608	22,249	21,462	30,336	33,198	16,320	9,395	6,792	31,436	4,670	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interest
1,304	1,181	1,267	1,045	1,078	922	673	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to parent
52,304	21,068	20,195	29,291	32,120	15,398	8,722	6,792	31,436	4,670	1,744	9,787	32,142	1,244	6,006	8,873	14,283	4,058	4,639	4,640	5,181	3,595	3,363	4,204	4,144	4,002	3,474	3,672	3,147	3,125	1,666	2,387	9,970	3,091	2,192	-1,020	2,747	721	3,538
Earnings per common share
Basic (in dollars per share)
1.45	0.56	0.54	0.75	0.81	0.39	0.21	0.23	1.08	0.16	-3.01	1.05	3.44	0.14	-1.90	1.04	1.68	0.49	0.64	0.67	0.79	0.58	0.54	0.69	0.68	0.66	0.59	0.67	0.57	0.57	0.18	0.67	3.12	0.97	0.71	-0.33	0.88	0.23	1.15
Diluted (in dollars per share)
1.45	0.56	0.54	0.75	0.81	0.39	0.20	0.23	1.08	0.16	-2.99	1.04	3.42	0.14	-1.90	1.04	1.67	0.49	0.64	0.66	0.78	0.58	0.53	0.68	0.67	0.65	0.58	0.66	0.57	0.57	0.19	0.66	3.10	0.97	0.71	-0.33	0.88	0.23	1.11
Operating Lease, Equipment, Depreciation Expense
8,421	-	-	-	4,485	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refund transfer product fees
Noninterest income:
28,939	192	-	6,697	31,601	261	-	7,358	33,803	192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax advance product fees
Noninterest income:
29,536	2,276	-	34	33,038	1,685	-	-46	33,838	1,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment card and deposit fees
Noninterest income:
23,156	21,499	-	-	24,671	20,807	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other bank and deposit fees
Noninterest income:
381	487	-	-	474	482	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card fees
Revenue from contract with customer
-	-	-	19,537	-	-	-	22,807	26,856	25,247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
Noninterest income:
11,100	12,351	10,887	9,386	9,890	10,890	7,333	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total noninterest income
381	487	30,711	9,386	474	482	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan and lease fees
Revenue from contract with customer
-	-	-	1,012	-	-	-	1,111	1,042	1,292	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit fees
Noninterest income:
-	-	-	2,335	-	-	1,487	1,134	982	848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-