FIDELITY SOUTHERN CORP LION Income Statement

Fidelity southern corp (LION)

Income statement / TTM

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	Sep'10	Jun'10
Interest income:
Loans, including fees
176,689	172,673	167,505	160,049	154,764	150,998	147,868	149,059	146,743	143,605	138,163	128,144	119,282	111,626	105,509	101,737	100,156	96,664	93,934	93,144	91,292	93,439	93,922	93,746	93,699	92,493	91,760	89,294	87,545	86,698	86,370	86,866	0	0	0
Investment securities:
Taxable interest income
7,256	5,991	4,913	4,353	4,204	4,269	4,463	4,677	4,901	4,941	5,201	5,035	4,713	4,601	4,208	4,343	4,449	4,505	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nontaxable interest income
330	326	277	202	167	135	167	210	260	292	314	320	318	335	447	387	405	413	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	5,686	6,070	6,770	6,777	6,596	7,677	0	0	0
Other
2,649	2,455	2,132	2,456	2,763	2,576	2,114	1,459	729	445	361	239	135	80	62	53	59	85	119	154	149	114	76	29	18	33	54	157	202	225	242	146	0	0	0
Total interest income
186,924	181,445	174,827	167,060	161,898	157,978	154,612	155,405	152,633	149,283	144,039	133,738	124,448	116,642	110,226	106,520	105,069	101,667	98,822	97,862	95,672	97,563	98,056	98,063	98,283	97,570	97,500	95,521	94,517	93,700	93,208	94,689	0	0	0
Interest expense:
Deposits
22,802	20,849	19,010	17,518	16,586	15,722	14,885	14,058	13,378	13,194	13,120	12,650	12,122	11,349	10,650	10,066	9,711	9,707	9,688	10,007	10,279	10,418	10,550	10,635	10,693	11,073	11,870	12,994	14,784	16,309	18,297	20,836	0	0	0
Short-term borrowings
4,555	4,530	3,558	2,756	1,446	928	1,384	1,713	1,522	1,424	1,083	917	767	650	647	631	539	406	323	244	448	810	1,645	2,015	1,995	1,763	1,054	768	684	685	697	910	0	0	0
Subordinated debt
6,648	6,521	6,398	6,278	6,084	6,080	6,034	5,956	5,958	5,830	5,790	5,751	4,968	3,805	2,628	1,495	1,114	1,113	1,116	1,550	2,141	2,733	3,332	3,706	3,970	4,242	4,490	4,522	4,512	4,494	4,503	4,504	0	0	0
Other long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	762	1,048	1,203	1,361	1,502	1,544	0	0	0
Total interest expense
34,005	31,900	28,966	26,552	24,116	22,730	22,303	21,727	20,858	20,448	19,993	19,318	17,857	15,804	13,925	12,192	11,364	11,226	11,127	11,801	12,868	13,961	15,070	15,917	16,371	17,078	18,176	19,332	21,183	22,849	24,999	27,794	0	0	0
Net interest income
152,919	149,545	145,861	140,508	137,782	135,248	132,309	133,678	131,775	128,835	124,046	114,420	106,591	100,838	96,301	94,328	93,705	90,441	87,695	86,061	82,804	83,602	82,986	82,146	81,912	80,492	79,324	76,189	73,334	70,851	68,209	66,895	0	0	0
Provision for loan losses
4,327	5,521	4,776	5,841	4,305	4,275	6,760	7,453	9,831	8,231	8,843	8,053	4,743	4,351	1,810	2,341	3,089	531	248	-490	-486	5,440	10,410	12,766	13,146	13,420	13,477	14,400	18,300	20,325	20,050	16,800	0	0	0
Net interest income after provision for loan losses
148,592	144,024	141,085	134,667	133,477	130,973	125,549	126,225	121,944	120,604	115,203	106,367	101,848	96,487	94,491	91,987	90,616	89,910	87,447	86,551	83,290	78,162	72,576	69,380	68,766	67,072	65,847	61,789	55,034	50,526	48,159	50,095	0	0	0
Noninterest income:
Bank service fees
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Indirect lending activities
3,785	5,227	7,104	7,885	10,255	12,533	13,433	13,920	15,062	14,900	15,208	16,857	17,106	18,821	18,894	21,160	19,760	18,457	16,640	12,920	12,070	9,040	8,487	8,068	6,897	6,414	6,518	5,954	5,868	5,891	5,510	5,071	0	0	0
SBA lending activities
6,895	6,728	3,869	4,415	3,879	4,540	5,289	5,031	6,243	5,659	5,806	6,098	5,569	5,265	5,093	5,078	5,073	4,987	4,174	3,342	3,400	3,640	3,863	5,323	5,175	4,944	6,100	4,749	7,084	8,463	7,543	7,521	0	0	0
Bank owned life insurance
-	-	-	-	-	-	-	-	-	2,374	2,868	2,396	2,402	2,440	1,792	1,609	1,864	1,673	1,677	1,690	1,261	1,273	1,288	1,292	1,298	1,307	1,320	1,316	1,317	1,315	1,303	1,307	0	0	0
Trust and wealth management fees
2,406	2,283	2,129	1,866	1,532	1,288	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
814	1,409	3,841	1,637	1,073	1,703	3,225	2,608	2,580	2,004	2,522	3,213	5,903	5,892	6,368	6,529	5,659	5,635	6,094	7,104	6,822	8,149	9,355	12,582	11,971	10,611	9,810	4,587	4,020	3,273	1,480	1,546	0	0	0
Securities gains (losses)
-	-	-	-	-	-	-	-	-	-	249	-47	-247	-329	0	0	0	-	-	-	-	-	-	-	-	307	307	1,381	0	-	0	0	-	-	0
Gain on sale of ORE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Total noninterest income
125,664	138,851	136,660	136,636	134,715	134,952	153,207	158,894	153,809	141,325	122,718	114,012	120,736	127,888	124,069	121,358	107,981	95,320	88,351	86,287	91,208	96,878	105,308	106,558	95,353	87,961	77,464	60,348	57,408	51,439	47,319	48,589	0	0	0
Noninterest expense:
Salaries and employee benefits
113,773	113,522	110,326	107,852	105,489	103,366	104,450	102,343	99,067	96,684	90,436	84,012	81,104	76,871	74,216	73,438	69,743	67,006	63,741	61,143	59,448	57,645	52,497	50,467	47,265	47,832	40,266	39,524	40,089	36,062	45,844	44,213	0	0	0
Commissions
35,595	36,129	36,718	36,439	34,581	34,573	34,619	34,825	34,807	33,907	31,532	29,352	27,780	27,342	26,769	24,862	22,678	19,988	18,731	19,387	21,756	24,676	26,583	24,813	0	-	0	0	-	-	-	-	-	-	-
Furniture and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,964	2,901	0	0	0
Occupancy and equipment
18,973	18,810	18,920	18,774	18,933	18,164	18,267	18,356	17,669	17,890	17,665	17,338	16,779	15,877	14,714	13,911	13,864	12,985	12,277	11,654	10,538	10,342	12,945	11,461	10,450	9,253	8,040	7,774	7,654	7,579	4,548	4,579	0	0	0
Professional and other services
17,138	17,570	18,296	18,657	19,074	18,343	17,262	16,711	15,259	15,224	20,671	17,701	15,203	12,119	4,202	4,082	3,923	3,897	3,540	3,331	3,193	3,031	2,822	2,807	2,643	2,502	2,521	2,323	2,214	2,158	2,107	2,041	0	0	0
Professional and other services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-66	-2,614	0	0	0
Cost of operation of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	6,979	8,021	0	0	0
FDIC insurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	3,026	3,479	0	0	0
Other
38,546	39,261	37,829	37,619	36,963	36,424	37,532	39,225	38,232	37,315	29,643	29,426	30,003	30,737	36,593	35,862	34,525	34,878	36,360	37,526	37,522	36,631	49,270	43,566	39,332	33,993	30,904	29,720	28,855	28,160	10,886	9,928	0	0	0
Total noninterest expense
224,025	225,292	222,089	219,341	215,040	210,870	212,130	211,460	205,034	201,020	189,947	177,829	170,869	162,946	156,494	152,155	144,733	138,754	134,649	133,041	132,457	132,325	132,439	129,661	122,571	115,397	106,392	95,483	90,297	85,422	81,752	80,160	0	0	0
Income before income tax expense
50,231	57,583	55,656	51,962	53,152	55,055	66,626	73,659	70,719	60,909	47,974	42,550	51,715	61,429	62,066	61,190	53,864	46,476	41,149	39,797	42,041	42,715	45,445	46,277	41,548	39,636	36,919	26,654	22,145	16,543	13,726	18,524	0	0	0
Income tax expense
12,062	13,760	9,314	10,428	12,116	15,259	24,208	26,660	25,967	22,143	17,496	15,370	18,729	22,294	22,495	22,034	19,201	16,440	14,465	14,062	14,831	15,077	16,228	16,746	15,046	14,309	13,200	8,992	7,273	5,145	4,079	6,118	0	0	0
Net Income (Loss) Attributable to Parent
38,169	43,823	46,342	41,534	41,036	39,796	42,418	46,999	44,752	38,766	30,478	27,180	32,986	39,135	39,571	39,156	34,663	30,036	26,684	25,735	27,210	27,638	29,217	29,531	26,502	25,327	23,719	17,662	14,872	11,398	9,647	12,406	0	0	0
Preferred stock dividends and accretion of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,463	3,287	3,293	3,293	3,293	3,293	3,293	3,293	3,293	3,292	3,292	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,175	25,930	26,238	23,209	22,034	20,426	14,369	11,579	8,105	6,355	9,114	0	0	0
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.22	0.35	0.47	0.35	0.44	0.46	0.30	0.34	0.40	0.59	0.48	0.26	0.19	0.28	0.41	0.58	0.50	0.35	0.41	0.37	0.28	0.13	0.33	0.52	0.37	0.29	0.49	0.38	0.31	0.19	0.09	0.23	0.09	0.12	0.38
Diluted (in dollars per share)
0.22	0.37	0.47	0.34	0.43	0.46	0.30	0.33	0.40	0.58	0.48	0.26	0.18	0.26	0.39	0.54	0.45	0.30	0.38	0.34	0.26	0.12	0.30	0.46	0.33	0.26	0.44	0.34	0.28	0.18	0.08	0.20	0.08	0.10	0.33
Cash dividends paid per common share (in dollars per share)
-	-	0.12	0.12	-	-	0.12	0.12	0.12	-	0.12	0.12	0.12	-	0.10	0.10	0.09	-	0.09	0.08	0.04	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income/(loss), net of tax:
Change in net unrealized gains/(losses) on available-for-sale debt securities, net of tax effect of $1,217 and ($365), respectively
5,268	522	-3,314	-2,135	-1,410	-309	-1,938	-2,222	-1,835	-494	354	863	-541	-1,474	335	-332	1,623	1,846	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Adjustment for net (gains)/losses included in net income, net of tax (expense)/benefit of $0, $0, and ($220)
-	-	-	-	-	-	-	-	-	358	155	-29	-153	-204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
38,169	43,823	46,342	41,534	41,036	39,796	0	38,579	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Change in net unrealized gains/(losses) on securities for the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Less: Income tax expense (benefit) related to items of other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive income/(loss), net of tax
5,268	522	-3,314	-2,135	-1,410	-309	-1,937	-2,405	-2,142	-852	199	892	-388	-1,270	335	-332	1,623	1,846	1,647	183	0	-	0	0	-	-165	1,268	2,602	3,106	3,252	0	0	0	-	-
Comprehensive income
43,437	44,345	43,028	39,399	39,626	39,487	40,481	44,594	42,610	37,914	30,677	28,072	32,598	37,865	39,906	38,824	36,286	31,882	27,328	27,064	25,440	25,061	26,698	27,124	26,577	25,162	24,987	20,264	17,978	14,650	0	0	0	-	-
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstandingbasic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,857	14,737	14,527	16,954	13,831	12,295	11,194	10,819	10,776
Weighted average shares outstandingdiluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,825	16,541	16,002	18,031	15,294	13,861	12,824	12,118	12,258
Service charges on deposit accounts
Bank service fees
6,740	6,427	6,160	6,023	6,036	6,019	6,097	6,074	6,026	5,941	5,780	5,480	5,242	4,955	4,743	4,654	4,518	4,438	4,315	4,249	4,210	4,156	4,158	4,342	4,502	4,686	4,720	4,484	4,319	4,143	4,067	4,215	0	0	0
Other fees and charges
Bank service fees
9,596	9,522	9,490	9,223	8,780	8,402	7,895	8,003	7,855	7,664	7,366	6,388	5,804	5,304	4,956	4,769	4,595	4,349	4,172	4,029	3,904	3,871	3,742	3,586	3,463	3,360	3,161	2,996	2,816	2,613	2,482	2,365	0	0	0
Mortgage banking activities
Bank service fees
0	-	0	103,917	0	-	0	120,380	112,711	-	82,919	73,627	78,957	85,540	82,223	77,559	66,512	55,781	51,090	52,764	59,352	66,560	74,415	71,361	62,043	56,332	45,713	36,144	30,788	24,663	23,671	23,010	0	0	0