FCB FINANCIAL HOLDINGS, INC. FCB Income Statement

Fcb financial holdings, inc. (FCB)

Income statement / Quarterly

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	Sep'13	Jun'13
Interest income:
Interest and fees on loans
104,137	98,749	87,466	80,830	76,465	71,516	66,589	68,583	65,748	62,642	61,288	56,945	51,670	44,202	43,306	43,900	42,085	37,833	34,852	26,232	26,297
Interest and dividends on investment securities
24,425	23,443	20,854	20,479	20,215	18,921	18,561	16,907	14,955	14,470	14,374	14,147	13,315	13,169	12,110	12,451	11,530	10,566	9,998	9,184	9,817
Other interest income
448	367	237	181	136	136	72	90	97	96	66	65	38	40	33	53	37	53	68	104	40
Total interest income
129,010	122,559	108,557	101,490	96,816	90,573	85,222	85,580	80,800	77,208	75,728	71,157	65,023	57,411	55,449	56,404	53,652	48,452	44,918	35,520	36,154
Interest expense:
Interest on deposits
33,300	28,448	23,649	19,789	17,134	15,625	13,518	12,960	11,736	10,340	9,293	7,719	6,846	5,991	5,585	5,492	6,124	5,833	5,309	4,886	4,644
Interest on borrowings
3,072	3,292	2,725	3,587	3,901	3,061	2,034	1,554	1,786	1,938	1,993	1,469	1,408	1,246	980	1,133	1,633	1,466	1,264	1,051	1,038
Total interest expense
36,372	31,740	26,374	23,376	21,035	18,686	15,552	14,514	13,522	12,278	11,286	9,188	8,254	7,237	6,565	6,625	7,757	7,299	6,573	5,937	5,682
Net interest income
92,638	90,819	82,183	78,114	75,781	71,887	69,670	71,066	67,278	64,930	64,442	61,969	56,769	50,174	48,884	49,779	45,895	41,153	38,345	29,583	30,472
Provision for loan losses
2,220	1,505	2,076	2,786	2,871	2,115	1,643	2,249	1,990	1,976	1,440	2,329	675	2,470	1,349	3,112	2,805	3,236	1,090	-631	473
Net interest income after provision for loan losses
90,418	89,314	80,107	75,328	72,910	69,772	68,027	68,817	65,288	62,954	63,002	59,640	56,094	47,704	47,535	46,667	43,090	37,917	37,255	30,214	29,999
Noninterest income:
Service charges and fees
1,266	1,183	1,054	978	941	902	915	935	884	842	806	826	823	778	757	780	738	707	738	610	554
Loan and other fees
5,043	3,318	4,900	3,041	2,831	3,048	2,495	2,488	2,145	2,248	2,014	2,425	1,783	1,906	2,497	2,270	1,238	2,569	716	1,356	1,436
Bank-owned life insurance income
1,439	1,422	1,367	1,397	1,422	1,414	1,414	1,333	1,288	1,286	1,285	1,315	1,101	1,097	1,097	1,168	1,151	1,038	818	0	0
FDIC loss share indemnification loss
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-65,529	-5,324	-5,862	-5,247	-4,992	-5,010	-4,729
Income from resolution of acquired assets
202	327	74	425	466	320	762	1,135	1,052	478	680	1,110	2,225	2,898	3,372	1,061	1,109	1,692	1,037	1,268	4,116
Gain (loss) on sales of other real estate owned
-70	8	105	-55	-143	-23	45	209	925	2,102	-110	709	228	5,605	1,565	200	-128	-359	431	73	-442
Gain (loss) on investment securities
-184	116	-1,404	211	690	255	777	800	749	324	-54	-28	166	761	1,007	2,377	2,785	4,448	2,495	2,106	1,710
Other noninterest income
1,068	1,580	1,127	1,734	2,218	2,957	3,579	1,019	1,099	942	813	1,186	746	1,107	1,145	2,912	1,319	1,842	1,305	600	1,015
Total noninterest income
8,764	7,954	7,223	7,731	8,425	8,873	9,987	7,919	8,142	8,222	5,434	7,543	7,072	14,152	-54,089	5,444	2,350	6,690	2,548	1,003	3,660
Noninterest expense:
Salaries and employee benefits
23,023	23,732	21,945	21,987	20,860	21,486	20,497	19,261	18,711	19,614	18,645	17,750	16,840	17,856	16,575	14,885	28,525	13,411	16,420	10,625	12,057
Occupancy and equipment expenses
4,012	4,302	3,558	3,447	3,283	3,336	3,397	3,505	3,480	3,034	3,572	3,946	3,368	3,806	3,277	3,248	3,606	3,777	3,433	2,412	2,571
Loan and other real estate related expenses
545	1,294	1,111	371	837	1,188	1,227	1,467	1,834	2,235	1,820	2,300	1,939	1,425	2,076	4,566	3,203	3,338	3,761	-	-
Other real estate and acquired assets resolution related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,524	6,094
Professional services
3,929	1,141	2,265	1,690	1,390	1,508	1,352	1,585	1,180	1,105	1,337	1,651	1,166	1,189	1,406	1,242	1,203	1,352	1,832	1,278	1,498
Data processing and network
3,911	4,017	3,566	3,113	3,397	3,090	2,965	2,920	2,882	2,796	2,863	2,719	2,433	2,801	2,718	2,639	2,538	2,357	3,210	1,944	1,807
Regulatory assessments and insurance
2,564	2,196	2,497	2,280	2,330	2,184	2,177	2,055	1,860	1,840	2,117	2,066	1,919	2,092	2,119	1,679	2,466	1,920	1,774	1,403	1,278
Amortization of intangibles
371	370	294	255	256	256	256	256	257	297	379	400	400	407	424	425	426	443	416	367	380
Marketing and promotions
1,768	1,405	1,757	1,164	1,130	947	1,346	730	956	1,108	1,057	-	-	-	-	-	-	-	-	-	-
Other operating expenses
2,205	2,469	2,168	1,812	1,756	1,257	1,867	1,867	1,876	1,946	1,510	-1,243	2,641	2,471	2,055	914	6,992	4,146	3,620	1,707	1,770
Total noninterest expense
42,328	40,926	39,161	36,119	35,239	35,252	35,084	33,646	33,036	33,975	33,300	33,201	30,706	32,047	30,650	31,463	48,959	30,744	34,466	24,260	27,455
Income before income tax expense
56,854	56,342	48,169	46,940	46,096	43,393	42,930	43,090	40,394	37,201	35,136	33,982	32,460	29,809	-37,204	20,648	-3,519	13,863	5,337	6,957	6,204
Income tax expense
13,374	13,608	8,070	27,976	13,936	8,312	3,941	15,194	14,330	13,697	12,684	4,233	11,320	10,433	-20,330	7,548	-97	4,697	1,809	2,486	1,927
Net income
43,480	42,734	40,099	18,964	32,160	35,081	38,989	27,896	26,064	23,504	22,452	29,749	21,140	19,376	-16,874	13,100	-3,422	9,166	3,528	4,471	4,277
Earnings per share:
Basic (usd per share)
0.93	0.92	0.89	0.43	0.74	0.82	0.93	0.68	0.64	0.58	0.55	0.72	0.51	0.47	-0.41	0.32	-0.09	0.26	0.10	0.12	0.12
Diluted (usd per share)
0.89	0.87	0.84	0.39	0.70	0.76	0.86	0.64	0.60	0.55	0.52	0.71	0.48	0.45	-0.41	0.31	-0.09	0.26	0.10	0.12	0.12
Weighted average shares outstanding:
Basic (shares)
46,693	46,660	45,239	43,824	43,333	42,659	41,730	40,912	40,608	40,646	40,698	40,971	41,381	41,428	41,421	41,480	38,952	35,892	35,892	37,011	37,011
Diluted (shares)
48,804	48,979	47,579	46,678	46,189	46,042	45,573	43,911	43,150	42,997	42,840	44,848	43,798	43,106	41,421	42,288	38,952	35,896	35,896	37,019	37,015